Whitbread shares soar as activist investor builds stake

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.
A spokeswoman for Whitbread declined to comment.
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... read more

 
16 April 2018 in Business, Views: 56
Source: BBC
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