Overview

• Whitbread reported a 14% drop in annual profit to £483 million, driven by softer UK demand, cost pressures, and its ongoing restaurant-to-hotel conversion strategy.
• The company is executing a £500 million growth plan, converting 238 restaurants into hotel rooms and adding 3,500 rooms to its Premier Inn portfolio.
• Premier Inn UK sales declined 1% in the first seven weeks of the financial year, though forward bookings are ahead of last year, supported by strong leisure demand.
• Rolls-Royce reaffirmed its 2025 guidance, citing strong performance across divisions and flying hours surpassing 2019 levels, despite tariff uncertainties.
• Lloyds Banking Group reported a 7% decline in Q1 pre-tax profit to £1.5 billion due to rising impairment provisions but maintained its 2025/26 financial outlook.