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Whitbread


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JPM sees slacking short-term gains for European hotels; Whitbread top pick

BUZZ-JPM sees slacking short-term gains for European hotels; Whitbread top pick ** J.P.Morgan says it finds the short-term risk/reward in the hotel sector less attractive as demand returns to normal levels ** Whitbread WTB.L ("overweight") is JPM's top pick in the long term, as its resilient RevPAR, sustained margin and return profile along with fu
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MS picks European travel and leisure stocks for Q4, ups Edenred

BUZZ-MS picks European travel and leisure stocks for Q4, ups Edenred ** Morgan Stanley says there are reasons to be "cheerful" on demand as it names its top picks for Q4 among European travel and leisure stocks ** It notes strong summer hotel data in Europe, normalising hotel data in the U.S. and roboust corporate demand ** "If anything, the consum
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Buybacks to the rescue

LIVE MARKETS-Buybacks to the rescue STOXX 600 down 0.1% Utilities, real estate lead Nasdaq futures edge lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com BUYBACKS TO THE RESCUE Barclays has looked into how corporate stock buying has played out in shaping the roller-coaster moves of last month and found buybacks have likely provided impulse to the rebound in European stocks.
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FTSE 100 ends higher on travel, mining shares

UPDATE 1-FTSE 100 ends higher on travel, mining shares For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.4%, FTSE 250 down 0.2% Whitbread led gains on FTSE 100 following rating upgrade CAB Payments gains on partnership with Visa Sterling up almost 4% this year vs dollar Updated at 1540 GMT By Khushi Singh and Ankika Biswas Aug 29 (Reuters) - The UK's main stock index edged higher on Thursday, l ed by gains in the travel and m
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UK's Whitbread tops FTSE 100 on Bernstein upgrade to 'outperform'

BUZZ-UK's Whitbread tops FTSE 100 on Bernstein upgrade to 'outperform' ** Shares of British hotel group Whitbread WTB.L up 3.7% at 2,936p; top gainer on the FTSE 100 index .FTSE ** Bernstein upgrades WTB to "outperform" from "market-perform" and raises PT to 3,300p from 3,140p ** Brokerage prefers hotel stocks over online travel agencies post Q2, especially those boosted by business travel and international growth outside the U.S.
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AJ Bell, Avon Technologies, Hannover

EUROPE RESEARCH ROUNDUP-AJ Bell, Avon Technologies, Hannover Aug 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AJ Bell, Avon Technologies and Hannover on Tuesday. HIGHLIGHTS * AJ Bell Plc AJBA.L : Morgan Stanley raises target price to 316p from 284p * Avon Technologies Plc AVON.L : Barclays raises target price to 1450p from 1400p * Hannover Re HNRGn.DE : Morgan Stanley raises target price to EUR 254 from EUR 252 * UCB SA UCB.B
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ABB, Klepierre, Ryanair

EUROPE RESEARCH ROUNDUP-ABB, Klepierre, Ryanair June 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ABB, Klepierre and Ryanair, on Thursday. HIGHLIGHTS * ABB Ltd ABBN.S : Citigroup cuts to neutral from buy * ASM International NV ASMI.AS : Morgan Stanley raises to overweight from equal weight * Deutsche Lufthansa AG LHAG.DE : Stifel cuts to hold from buy * Klepierre LOIM.PA : HSBC raises to buy from hold * Ryanair RYA.I : UBS cu
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British Business - June 19

PRESS DIGEST-British Business - June 19 June 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - A CVC-led bidding consortium has lifted its informal offer for Hargreaves Lansdown HRGV.L to 5.4 billion pounds ($6.86 billion) and taken the unusual step of offering existing shareholders the chance to share in the investment platform's future success.
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European shares advance as French political concerns subside

UPDATE 2-European shares advance as French political concerns subside For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Novonesis jumps after FY outlook raise Carrefour slides on possible fine for franchise operations STOXX 600 up 0.7%, utilities lead gains Updated at 1600 GMT By Shashwat Chauhan, Jesus Calero and Shristi Achar A June 18 (Reuters) - European shares closed higher on Tuesday, supported by a slip in government bond yields as
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London stocks gain on optimism ahead of UK inflation data, cenbank decision

UPDATE 2-London stocks gain on optimism ahead of UK inflation data, cenbank decision For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.6%, FTSE 250 gains 1.2% Ashtead Group falls after slower revenue growth forecast Hargreaves Lansdown set to agree to takeover proposal; shares jump Updated at 1551 GMT By Pranav Kashyap and Purvi Agarwal June 18 (Reuters) - London's FTSE 100 bounced back on Tuesday, with investors optimistic a
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Cautious equity rebound continues

LIVE MARKETS-Cautious equity rebound continues STOXX 600 up 0.3% France shares eke out gains Carrefour tumbles Wall St futures mixed Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com CAUTIOUS EQUITY REBOUND CONTINUES European equity markets are rising for a second day on Tuesday after tumbling the week before on French election risk.
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UK's Whitbread tops FTSE 100 on Q1 revenue growth

BUZZ-UK's Whitbread tops FTSE 100 on Q1 revenue growth ** Shares of Whitbread Plc WTB.L rise as much as 4.7% to 3,040p, stock top pct gainer on FTSE 100 index .FTSE ** British hotel group reiterates its annual forecast after the owner of Premier Inn posted a 1% rise in Q1 revenue to 739 mln pounds ($937.5 mln) ** Co, which also owns restaurant and
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Premier Inn owner Whitbread maintains forecast, posts dip in quarterly room revenue

UPDATE 1-Premier Inn owner Whitbread maintains forecast, posts dip in quarterly room revenue Adds details on Q1 trading in paragraphs 3 and 4, background in paragraphs 5 -7 June 18 (Reuters) - British hotel group Whitbread WTB.L reiterated its annual forecast on Tuesday after the firm, the owner of Premier Inn, posted a dip in first-quarter room revenue in the UK as weekend bookings were slightly lower .
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European stocks poised to rebound further

LIVE MARKETS-European stocks poised to rebound further Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN STOCKS POISED TO REBOUND FURTHER After European equities suffered their biggest weekly drop since September 2022 last week, the rebound that started on Monday has got more legs on Tuesday.
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Premier Inn owner Whitbread posts lower quarterly room revenue

Premier Inn owner Whitbread posts lower quarterly room revenue June 18 (Reuters) - Whitbread WTB.L reiterated on Tuesday its annual forecast after the Premier Inn owner posted a dip in room revenue for the first quarter in the UK, as weekend bookings made shortly before the stay were slightly down especially in London. The hotel group posted a 2% fall in revenue per available room (RevPAR) or room revenue - an important metric in the hospitality industry - for the 13-week period ended May 30 for
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Whitbread Remains Confident In FY Outlook

BRIEF-Whitbread Remains Confident In FY Outlook June 18 (Reuters) - Whitbread PLC WTB.L : Q1 TRADING UPDATE Q1 GROUP TOTAL SALES GREW 1% TO £739M, DRIVEN BY IMPROVED UK TRADING AND CONTINUED PROGRESS IN GERMANY PREMIER INN UK Q1 ACCOMMODATION SALES WERE IN LINE WITH LAST YEAR £150M SHARE BUY-BACK: ON TRACK WITH 3.2M SHARES PURCHASED SO FAR FOR A
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UK Stocks-Factors to watch on June 18

UK Stocks-Factors to watch on June 18 June 18 - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0.31%. * EU: EU antitrust regulators are asking whether rivals proposed by British Airways owner IAG ICAG.L to take over some of Spanish airline Air Europa's routes are capable of operating them and competing with IAG, people familiar with the matter said on Monday.
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Kingfisher taps British Land's Mistry as next CFO

UPDATE 2-Kingfisher taps British Land's Mistry as next CFO Adds timing in paragraph 2, detail on Mistry in paragraphs 3 and 4 June 17 (Reuters) - Home improvement retailer Kingfisher Plc KGF.L on Monday named British Land BLND.L finance chief Bhavesh Mistry as its next CFO to replace Bernard Bot who will retire. British Land in a separate statement said that Mistry has a 12-month notice period and a date for his departure will be agreed.
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