Activist Investor Pressures Whitbread to Cut Spending

Whitbread, owner of Premier Inn, faces pressure from US activist investor Corvex to cut spending, following a £50m hit from UK budget changes. Corvex, owning 6% of Whitbread, calls for a strategic review, questioning Whitbreads £3.5bn capital plan and share price. Whitbread maintains a clear growth strategy, exploring profit-boosting options amid budget impact.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.