DuringWebb sold goods to Rand We are committed to the attractive longer-term structural opportunities for growth in the hotel and coffee markets, both in the UK and internationally. Discuss with the sales manager whether any sales allowances have been granted after the balance sheet date that may apply to the current period.
A key priority will be continuing the development of Premier Inn by creating a business of scale in Germany to replicate the success we have in the UK.
Costa will also be well positioned to build further on its strong international foundations with growth expected in China and Costa Express.
An excess of exposed assets over exposed liabilities also called a positive exposure. For Whitbread's management the opportunity to sell to investors if trying to avoid a break-up, "is to turn interesting international bridgeheads into material growth opportunities for both Premier Inn and Costa Coffee.
When the pooling of interest method is used, the balance sheets of the two businesses are combined Given recent economic and industry data, we do remain cautious on the consumer environment, especially on the high street, which we expect to remain challenging in the near term.
In a preview of the full year figures due next Wednesday, Deutsche Bank said Whitbread was "one of the cheapest stocks" in the sector on a rating of circa