One company which benefitted from the economic downturn, though, was Whitbread (LSE: WTB). Its Premier Inn division saw vast growth during the credit crunch, as huge swathes of individuals and business customers traded down to budget hotel rooms in ...
Good-quality companies with consistent performance and attractive financial characteristics rarely sell cheaply, but periods of market weakness can provide an opportunity to buy the shares a little lower.
Its interim management statement for the 13 weeks to 28 May showed why Whitbread (LSE: WTB) deserves plenty of attention: like-for-like sales growth at Premier Inn and Costa stands at 6.3% and 5%, respectively.
Shares in Enterprise Inns (LSE: ETI) have been up by as much as 6% today after the pub company released a satisfactory update. It reaffirmed its full year guidance and commented that restructuring was going ahead as planned and on target.