Whitbread adds £2 billion to share buybacks after Costa sale
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(Reuters) - Whitbread Plc will buy back an additional £2 billion of shares using proceeds from its sale of the Costa Coffee chain to Coca Cola Co , the owner of Premier Inn said on Wednesday.The group, which completed the $5.1 billion sale of Costa Coffee last month, has shifted focus completely to its hotels business. In presentations for its annual Capital Markets Day, it also forecast a further 220 million pounds in savings over the next three years and predicted that its German operations..