1,000 new jobs with Whitbread; FOOD & DRINK: yourmoney.Byline: CLINTON MANNING WHITBREAD is defying the credit crunch Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. by pressing ahead with a pounds 170million expansion, creating 1,000 jobs. The group will open 100 more UK branches of Costa Coffee this year and a handful of Beefeater beefeater yeoman of the English royal guard, esp. at the Tower of London; slang for Englishman. [Br. Culture: Misc.] See : Britain beefeater popular name for a Yeoman of the Guard or Yeoman Warder of the Tower of London. [Br. Hist. and Brewers Fayre Brewers Fayre is a chain of around 250 licensed "family" restaurants in the UK, owned by the Whitbread PLC. They serve traditional British food, such as Beef and Ale pie, fish and chips, or roast chicken accompanied by a selection of Beverages. restaurants. Whitbread, which raised profits 9% to pounds 230m last year, will also expand its budget hotel chain. Bosses plan to open a dozen Premier Inns, adding about 2,000 rooms, despite a sharp dip in bookings in the past three months. Takings at its 570 hotels rose 14% to pounds 601.5m last year. But chief executive Alan Parker told Your Money takings fell in the final quarter, with some airport hotel bookings down 20%. The chain also suffered a fall in weekend bookings as families cut back spending. Parker hopes to replace some of this revenue by wooing government. He says the Treasury could save pounds 24m if MPs and Whitehall mandarins used Premier Inns.. |
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