On the Move: Whitbread, Renault, Deutsche Bank
WHITBREAD was up £0.52 to £16.10... like-for-like sales up 6.6%, Deutsche upgrades - the company announces total sales in the 24 weeks to 16 August up 11.3%, up 6.6% like-for-like. The company says Premier Inn like-for-like rose 11.0% and like-for-like occupancy was 82.1%. To carry out £300 million share buy-back. Deutsche Bank upgrades to buy from hold, keeps £20.50 price target after trading updates. The company says improved outlook leads to forecast upgrades. Raises EPS forecast by 10% for this year and 6% for next.
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