The chief executive of Whitbread, the Premier Inn and Costa coffee shop operator, damped down talk of economic recovery yesterday, insisting he had yet to see any “substantive signs of improvement”.
Alan Parker, who took the helm five years ago, said that it was the “worst recession ever in my experience”, adding: “I’d say we’re bumping along the bottom. There’s good news and bad news but overall we’re not seeing any green shoots. Hopefully we’ll see some improvement in the new year.”
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