FTSE LIVE: Coca-Cola buys Costa Coffee; The owner of Frankie & Benny causes loss of profit

<pre><pre>FTSE LIVE: Coca-Cola buys Costa Coffee; The owner of Frankie & Benny causes loss of profit

FTSE LIVE: Coca-Cola buys Costa Coffee for £ 3.9 billion; The owner of Frankie & Benny causes loss of profit; British stocks in red

Whitbread has signed a deal to sell Costa Coffee to Coca-Cola in a £ 3.9 billion deal. The group, which also owns Premier Inn hotels, said that the sale of the 2,400 coffee shop chain allows it to pay off debts and stimulate the pension fund.

The Restaurant Group again recorded a decline in sales and profits, as the owner of the Frankie & Benny was hit by extreme weather conditions and the World Cup.

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