Apr 16, 2018

Whitbread shares soar as activist investor builds stake

Shares in Whitbread soared by 6.6% after it emerged that an activist investor has built a stake to become the largest shareholder in the company. Elliott Advisors confirmed at the weekend that it now holds a stake of more than 6% in Whitbread. According to reports, Elliott Advisors wants Whitbread to be split into its Costa Coffee chain and its Premier Inn business. Whitbread's shares rose to £41.95 in early stock market trading. Elliott Advisors is the second activist investor to build a substantial shareholding in Whitbread, which also owns Beefeater and Brewers Fayre brands as well as restaurants Thyme, Bar + Block and Table Table. US hedge fund Sachem Head has a 3.4% stake in Whitbread and has pressed the management to consider a break up of the business as well as a sale and leaseback of its Premier Inn hotel properties.

Read the full story

 Related companies

Make a complaint about Premier Inn by viewing their customer service contacts.