Whitbread to spin off Costa business in UK

first_imgCosta is to be demerged from the Premier Inns business and become listed as a separate company within the next two years.Owner Whitbread today (25 April) confirmed a demerger would be pursued “as fast as practical and appropriate to optimise value for shareholders”.The company said it had developed Costa into the UK’s clear leader in the out-of-home coffee market, and had made improvements in product innovation and digital capability.According to British Baker research, Costa grew by 358 sites in 2017, making it the largest bakery/coffee shop operator in the UK, ahead of Subway and Greggs.The Whitbread board said it was confident that both Premier Inn and Costa would soon be businesses of sufficient strength, scale and capability to enable them to thrive as independent companies. It added that the 24-month time frame would enable it to:complete complex and critical IT and business system upgrades and improvement programmesdeliver a recently upgraded efficiency programme that would offset a “significant proportion” of industry inflation and minimise disruption to trading and product innovation, particularly in the UKfurther develop the international strategies in both Premier Inn and Costamanage the Whitbread pension fund deficit and funding facilities, and ensuring Whitbread and Costa had appropriate governance structures in place as separate entities.“A separation will provide enhanced focus for each business and give shareholders an investment in two high-quality businesses,” said Whitbread chairman Adam Crozier.“We will ensure that prior to separation each business is sufficiently developed and well-positioned to take advantage of the structural growth opportunities available to them in the UK and internationally.“The team will now also be focused on ensuring the demerger of Costa is conducted as fast as practical and appropriate to optimise value for Whitbread’s shareholders.”Whitbread chief executive officer Alison Brittain said the company had made “tremendous progress in innovation and growth in our core UK businesses”.“Costa will become a listed entity in its own right and the clear market leader in the out-of-home coffee market in the UK. Costa will also be well positioned to build further on its strong international foundations, with growth expected in China and Costa Express.”last_img read more

National and track champions in three IMCA divisions earn Bassett Racing Wheel awards

first_imgBURLINGTON, Wis. – The accomplishments of national and track champions in three IMCA divisions will be recognized with contingency awards again this season by Bassett Racing Wheel.Top drivers in national standings for IMCA Sunoco Stock Cars, Karl Chevrolet Northern SportMods and Scoggin-Dickey Parts Center Southern SportMods all receive a set of four wheels from the Burlington, Wis., manufacturer.Track champions in the same divisions receive $60 product certificates, good toward the pur­chase of four wheels.All awards will be presented during the national banquet in November or mailed beginning the following week from the IMCA home office.In its 23rd season as an IMCA sponsor, Bassett also returns to national decal programs for Northern SportMods and Southern SportMods. Drivers in both divisions must display two Bas­sett decals on their race car to become eligible for point fund shares.“Only five sponsors have a longer tenure with IMCA than Bassett and it is a testament to their dedication to the IMCA market,” observed Kevin Yoder, marketing director for the sanctioning body. “We’ve seen a lot of changes during that time but their support has been a consistent spoke in our wheel for almost a quarter century.”Information about Bassett-made wheels is available at the www.bassettwheel.com web­site or by calling 888 888-7199.last_img read more

Johnson ‘lost respect’ for Mourinho

first_img Johnson, who left Stamford Bridge for Portsmouth in summer 2007 – shortly before the end of Mourinho’s first reign – before moving on to Anfield two years later, claims he lost faith in the Portuguese after being dropped ahead of a big Champions League game against Barcelona. “It was difficult for me under Jose at Chelsea because there was a moment when he said I deserved to play on merit,” the 29-year-old told the Daily Mail. “He said if I played well in the next game I would play the week after. I got man of the match so he couldn’t drop me. Press Association Liverpool defender Glen Johnson has outlined just why he believes Reds boss Brendan Rodgers is a better man-manager than Chelsea’s Jose Mourinho.center_img “Then in the next game he said the same thing and I got man of the match again. Then we had another game and after that Barcelona. I remember speaking to my agent and saying, ‘He won’t play me in this game because if I play well then he has to play me against Barcelona’, and I knew that wasn’t going to happen. “He didn’t play me in that game and from that moment I just lost it and thought, ‘Well, how am I meant to respect you now? It’s just finished.’ “Brendan wouldn’t do that. He’s shown that if you’re good enough you’re old enough and you’ll play in the big games if you deserve to. So, in terms of man-management, Brendan is definitely better.” last_img read more

Sarajevo, Željezničar and Široki Brijeg got licences to play in Europe

first_imgSecond ranked team of BiH Premier league, FC Sarajevo, got the licence for participation in European competitions, which is a recognition to manager of the club Dino Selimović and his associates, who proved that with hard work good results can be achieved, reports sportsport.baAlso, two other BiH clubs received licences to play in European competitions. The second club is Željezničar from Sarajevo and Široki Brijeg.last_img

CLASSIC CLIP: Man United 1-0 Crystal Palace – the 1990 FA Cup final replay

first_imgCheck out this classic FA Cup final clip ahead of Saturday’s clash. Crystal Palace and Manchester United will meet in the 2016 final, 26 years after playing out an exciting final over two matches at the old Wembley. After drawing 3-3 first time around, the final would be replayed just five days later. A 1-0 victory for Manchester United signalled the first of many trophies under Sir Alex Ferguson, with Lee Martin scoring the game’s only goal just before the hour mark – see above.Below, you can see highlights from the 3-3 match, where Mark Hughes hit a double for United, Bryan Robson scoring their other goal.Ian Wright also netted two for Crystal Palace, after Gary O’Reilly had opened the scoring.last_img

DD LOCAL – DRUMKEEN MAN PAURIC’S SKYDIVE RAISES €700

first_imgDrumkeen Community ChildcareECCE & playschool children enrolments for September 2013 Playschool open morning will be held on Monday 26th August from 10.30 am-11.30 am for all new playschool children starting 2nd September 2013. Please call 074 91 34844.Drumkeen Old School Reunion On behalf of the committee we would just like to say a huge thank you to everyone who attended our weekend and to all the people who helped out over the two days. A special word to those who travelled from overseas to celebrate our reunion, we hope you enjoyed your stay. We have over 530 photos from the weekend up on our Facebook page so please check them out. This was a fantastic achievement by the people of Drumkeen. Thanks again.Pauric Duffy’s Charity SkydiveHi folks, I completed my Skydive last week and raised a grand total of €700 which will go towards SNAP- Special Needs Accessible Park. MS Donegal. Little Angels School, Letterkenny & Temple Street Children’s Hospital. Thanks to everyone who contributed in any way and a special word of appreciation to Patrick Gildea Hairdressing, FM Cleaning Group and Watson’s Menswear. Irish Wheelchair AssociationWe would like to thank everyone who donated to the recent Irish Wheelchair AssociationChurch gate collection. A grand total of €112 was raised, many thanks.Tyrconnel Martyrs Flute BandPractice every Tuesday in the hall @ 7.00pm. All new members welcome. We’ll teach you to play the flute or drum and have some fun!!Charlie Daly & H-Block Martyrs Sinn Féin Cumann Drumkeen Lotto Results 07th Aug 01, 10, 11, 14. No jackpot, 2 winners €50 each. Trevor Rowan, Drumkeen. Pauline Hunter, Creeslough. Next weeks jackpot €1,375 Go raibh maith agat.Parish HallAnyone wishing to book the hall should contact Charlie Quinn on 91/34010 or 087 7728608Drumkeen Notes Anyone wishing to have material included for next weekPlease Email: [email protected] or text 086 4083625 (Deadline Fri @ 8pm) Please note the new deadline.DD LOCAL – DRUMKEEN MAN PAURIC’S SKYDIVE RAISES €700 was last modified: August 11th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Drumkeen noteslast_img read more