Markets
Market update (PM): Whitbread soars as market closes
Rob Langston, 21 June 2011
Costa Coffee owner Whitbread (WTB.L) climbed more than 6 per cent at the close of trading, after publishing a bullish trading statement.
Helped by a double digit surge in sales at the coffee chain and a strong performance by Premier Inn, the company saw its share price soar by 6.9 per cent to 1,587p.
The restaurant and hotel group was also boosted by a broker update by Evolution Securities, which reiterated its 'buy' stance.
Cruise operator Carnival (CCL.L) was lifted 5.8 per cent to 2,320p as second quarter revenues increased by $353 million to $3.6 billion.
The cruise company said cumulative advance bookings were at higher prices and lower occupancy than the same time last year.
Antofagasta (ANTO.L) rose 4.9 per cent to 1269p, while Mexican silver miner Fresnillo (FRES.L) and listed hedge fund Man Group (EMG.L) both rose 4.4 per cent to 1,365p and 231.2p, respectively.
Brewer SABMiller (SAB.L) was the biggest faller at trading close, down 3.6 per cent to 2,103p as Australian company Foster's rejected a £7.3 billion approach and Nomura reiterated its 'reduce' stance.
Imperial Tobacco (IMT.L) dropped 1.1 per cent to 2,000p, while publisher Pearson (PSON.L) dropped 1 per cent to 1,139p.
United Utilities (UU.L) was down 0.8 per cent to 595.5p, while household goods Reckitt Benckiser (RB.L) dropped 0.7 per cent to 3,350p.
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