• Whitbread rights issue

Whitbread has launched a GBP1bn fundraise, via a rights issue, the company announced as it revealed full year results. The funds will prepare the Premier Inn owner to take advantage of market opportunities.

Revenues for full year 2020 were up 1.1% to GBP2,072m, with adjusted ebitdar down 5.2% to GBP753m. The group has reopened 16 hotels in Germany, and stands ready to relaunch in the UK shortly.

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