Stock of the Week: Whitbread

Hotel, restaurant and pub chain owner has just posted a loss of £1bn, but is expecting a rebound from UK holidays and relaxation of lockdown measures

James Gard 14 May, 2021 | 9:53AM
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Stock of the week post-it

With restaurants set to re-open from Monday, we asked our Twitter followers to nominate a listed food chain as stock of the week. They’ve chosen the first item on the menu, Whitbread (WTB), which owns the likes of Beefeater and Brewer’s Fayre restaurants. After the latest winter lockdown, England has been slowly re-opening in recent months, with pub and restaurant goers able to eat and drink outside from April 12 but only do so inside from May 17. Will punters rush back to their favourite hostelries from next week, giving a much-needed boost to companies like Whitbread, one of the biggest companies in this industry?

 

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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James Gard  is content editor for Morningstar.co.uk

 

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