Whitbread Share Price

Whitbread Share Price Surges on News of Costa Coffee Sale

Whitbread's share price has surged by over 10% today, following the announcement that it is to sell its Costa Coffee chain to Coca-Cola for £3.9 billion.

The sale is part of Whitbread's strategy to focus on its core hotel business, which includes the Premier Inn and Hub by Premier Inn brands.

Costa Coffee is a Major Asset

Costa Coffee is the UK's largest coffee chain, with over 2,400 stores in the UK and Ireland.

It is also a major international brand, with over 1,400 stores in 32 countries.

The sale of Costa Coffee will give Whitbread a significant financial boost, which it can use to invest in its hotel business.

Whitbread Shares Are Attractive

The sale of Costa Coffee has made Whitbread shares more attractive to investors.

The company is now focused on its core hotel business, which is a more stable and predictable market than the coffee shop market.

In addition, Whitbread has a strong track record of growth and profitability.

Analysts Are Positive

Analysts are positive about the future prospects for Whitbread.

The company is expected to continue to grow its hotel business, both in the UK and internationally.

In addition, the sale of Costa Coffee will give Whitbread a significant financial boost, which it can use to invest in its hotel business.