Page last updated at 12:42 GMT, Monday, 28 April 2008 13:42 UK

More Costa coffee shops planned

A Costa coffee store in London

Whitbread plans to double the number of Costa coffee shops and increase the number of Premier Inn rooms by 50%.

The company announced the plans as it unveiled better-than-expected pre-tax and one-off items profits of 210.3m for the year to the end of February.

Last year, Whitbread sold its David Lloyd leisure centres and the TGI Friday restaurant chain to focus on the Costa and Premier Inns businesses.

There are currently 992 Costa coffee outlets worldwide.

Whitbread plans to increase that number to 2,000 in the next five years, with half of the new shops in Britain.

It also plans a 50% increase in the number of Premier Inn hotel rooms to 55,000.

Much of the money raised from the disposals of the David Lloyd and TGI Friday chains, together with the sale of its 50% stake in Pizza Hut, has been used to reduce debt.

Whitbread chief executive Alan Parker said the company had made "excellent" progress in the past year.

"Whitbread is now a more resilient business with strong growth prospects in the UK and overseas," he said.

"In anticipation of a more challenging environment, action has been taken to simplify processes and reduce costs."

Whitbread boosted by hotel chain
11 Dec 07 |  Business
Whitbread boosted by coffee chain
16 Oct 07 |  Business
Whitbread sells David Lloyd gyms
04 Jun 07 |  Business
Whitbread gets David Lloyd offers
26 Mar 07 |  Business
Whitbread is promoted to FTSE 100
06 Dec 06 |  Business
Whitbread investors to bag 350m
24 Oct 06 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2018 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific