FTSE LIVE: Regional sales decline hits Whitbread; Higher revenues boost Primark owner

FTSE CLOSE: Premier Inn owner Whitbread’s bookings decline; Higher sales boost Primark parent ABF; Kids bikes lift Halfords

Regional sales fell 2 per cent at Premier Inn’s parent company Whitbread

The FTSE 100 closed down 32.99 points at 7609.81 and the pound was at $1.31 against the dollar.

Premier Inn owner Whitbread has been hit by a drop in its regional sales as the firm posted a 1.3 per cent drop in sales at its UK hotels. 

Regional sales fell 2 per cent, although performance in London remained strong.

Primark store openings helped its parent company Associated British Foods to record higher sales in the 16 weeks to January 4. Herbal teas and sugar sales also helped drive the revenue increase.   

A record number of Kids bikes’ sales helped Halfords to secure a 5 per cent growth in revenues over the third quarter. Revenue at the retailer’s Autocentres division accelerated by 31 per cent meanwhile. 

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