After launching a £1bn recapitalisation by way of a rights issue at a price with a heavy discount, the UK-based restaurant and (the largest) hospitality group, Whitbread, saw its share price plummet by 13%. The market movement reflects investors’ concern about the uncertain duration of Whitbread’s business downturn. Whitbread was on our list of issuers likely to be wrongfooted by the crisis the day before the rights issue announcement.
25 May 2020
Can it catch opportunities in a time of crisis?
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Can it catch opportunities in a time of crisis?
Whitbread PLC (WTB:LON) | 3,020 -2536.8 (-2.7%) | Mkt Cap: 5,572m
- Published:
25 May 2020 -
Author:
Yi Zhong -
Pages:
3
After launching a £1bn recapitalisation by way of a rights issue at a price with a heavy discount, the UK-based restaurant and (the largest) hospitality group, Whitbread, saw its share price plummet by 13%. The market movement reflects investors’ concern about the uncertain duration of Whitbread’s business downturn. Whitbread was on our list of issuers likely to be wrongfooted by the crisis the day before the rights issue announcement.