Whitbread to invest £350m in hotels and marketing despite record loss

Whitbread to invest £350m in hotels and marketing despite record loss

Whitbread, owner of Premier Inn hotels, plans to invest £350m in new hotels and a key marketing campaign despite swinging to a record loss of more than £1bn during the pandemic. Total sales in the year to the end of February fell 71 per cent to …
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Macquarie Buys Australian Waste Firm Bingo for $1.76 Billion

Macquarie Group Ltd.’s infrastructure unit agreed to buy Bingo Industries Ltd. for A$2.26 billion ($1.76 billion), an Australian waste-management company that has reported a surge in earnings in recent years. Bingo shareholders can choose either A$3.45 …
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Latest threat to Facebook's colossal annual revenue

In the last quarter of 2020, it was reported that Facebook generated a revenue figure of US$28.1 billion – up 33 percent year on year. That winning streak could be impacted this week ahead of the social media giant’s release of its first-quarter 2021 earnings, …
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Copper Surges to 2011 High as Bulls Bet on Global Recovery

Copper’s stunning rally toward its highest level since 2011 is showing no signs of abating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic. Copper on Tuesday extended …
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Aveva sees flat revenue ahead; CEO to step down

Aveva Group PLC said Tuesday that it will report flat revenue for fiscal 2021 after good revenue growth in the second half of the year and that Chief Executive Officer Craig Hayman will step down. The U.K. engineering and industrial software company said …
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