• Travelodge denies Whitbread approach

Travelodge CEO Guy Parsons has denied rumours that rival Whitbread has approached majority owner Dubai International Capital with an offer for the brand.

Parsons told Reuters: "Our view is it wouldn’t get through competition authorities because throwing together the two organisations would mean someone’s going to have a monopoly in the budget sector." He added that the group was looking to make more deals with pub operators, following its acquisition of 52 sites from Mitchells & Butlers.

See the full story here:
http://www.reuters.com/article/idUSTRE6783LY20100809

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