Premier Inn was impacted by a difficult market in London; reported growth was led by capacity. Costa suffered from weak high street store demand. Whitbread highlighted its concerns on high street demand and UK inflation in the sector for next year. Sachem Head is allegedly pushing for a Costa break-up. All in all, the company looks fully valued.
18 Jan 2018
Activist investor Sachem Head requests consideration of a Costa break-up
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Activist investor Sachem Head requests consideration of a Costa break-up
Whitbread PLC (WTB:LON) | 3,020 -2536.8 (-2.7%) | Mkt Cap: 5,572m
- Published:
18 Jan 2018 -
Author:
Marzio Foa -
Pages:
2
Premier Inn was impacted by a difficult market in London; reported growth was led by capacity. Costa suffered from weak high street store demand. Whitbread highlighted its concerns on high street demand and UK inflation in the sector for next year. Sachem Head is allegedly pushing for a Costa break-up. All in all, the company looks fully valued.