Whitbread is planning another £300m share buyback, which could rise further if its sale of 250 pub-restaurants goes ahead.
Analysts at Morgan Stanley, the group’s house broker, pointed out that Whitbread had completed its initial £300m buyback, announced at its full-year results in April, and continued to generate strong cashflow.
Analysts said that if the mooted sale of 250 of the company’s Beefeater and Brewers Fayre pub-restaurants were to take place, Whitbread would have even more cash to hand to investors.
