Premier Inn owner Whitbread and the US-focused plant hire firm Ashtead are in the spotlight during an improved session for the FTSE 100.
Whitbread’s update for the three months to 31 May showed a stronger UK performance but with demand for weekend trips to London slowing.
Sunbelt owner Ashtead reported annual profits of around £3.9 billion after benefiting from demand linked to US mega projects.
FTSE 100 Live Tuesday
-
Ashtead powered by mega US projects
-
Whitbread in London slowdown
-
XP Power bidder walks away
Whitbread and airline stocks in demand, Ashtead under pressure
08:37 , Graeme Evans
Whitbread is top of the FTSE 100 index after the Premier Inn owner’s first quarter trading update left shares 4% or 110p higher at 3013p.
The improvement reverses a poor run for the stock, which started the year closer to 3600p.
Ashtead moved the other way, dropping 230p to 5280p despite the plant hire firm reporting…
