Whitbread PLC WTB

Investing.com -- On Tuesday, activist investor Corvex Management revealed that it has requisitioned a general meeting of Whitbread (LON: WTB) shareholders to elect one of its partners to the board of the Premier Inn owner, escalating a campaign against a company it says has underperformed.

Corvex Management LP ("Corvex"), on behalf of funds advised by it, today delivered a notice to the Board of Directors of Whitbread PLC ("Whitbread" or the "Company") requesting that it convene a general meeting of shareholders for the purpose of electing James Gemmel, a Partner at Corvex, to Whitbread's Board of Directors.

Premier Inn owner Whitbread and Butlin’s were among those to criticise the plans to allow mayors to introduce tourist taxes.

Hotel bosses have lashed out at Labour’s fresh assault on hospitality after Andy Burnham handed local leaders the power to levy unlimited tourist taxes.

The company will shut down eateries under a number of brand names, including a popular steakhouse chain.

European stocks closed mostly higher on Monday with investors reacting to "positive progress" in US-Iran peace negotiations and easing concerns about inflation thanks to weak oil prices. The pan-European Stoxx 600 climbed 0.

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British hospitality company Whitbread has reported a rise in sales for its first quarter. Whitbread reported on Thursday that its total group sales were up 2% year-over-year to £727 million ($967 million) for the 13 weeks to May 28, 2026.

Corvex Management LP ("Corvex"), which manages funds that have an economic interest in over 11.8 million shares of Whitbread PLC ("Whitbread" or the "Company") (LON: WTB), representing an approximate 7% interest in the total shares outstanding, today sent a letter to the Company's Board of Directors (the "Board") and shareholders demanding that the Board conduct a rigorous and comprehensive sale process for Whitbread.

Investors were disappointed with the weak earnings posted by Whitbread plc ( LON:WTB ). However, our analysis suggests...

The company plans to pause buybacks as part of a major strategic overhaul to boost returns.

Whitbread (LON:WTB) management used its full-year FY2026 results presentation to outline a new five-year plan aimed at improving margins, reducing capital intensity and increasing shareholder returns, following a board-led strategic review that examined alternative business models. Group Chief Exec

Premier Inn owner Whitbread is to cut 3,800 jobs as it blamed Rachel Reeves’s tax raids for driving up its costs.

FTSE 100 up 165 points to 10,378 Bank of England holds rates Oil prices surge to over $120 a barrel DCC rejects takeover offer from US private equity consortium Rolls-Royce, Unilever, Whitbread, UU, Persimmon report 5.18pm: FTSE gains The FTSE 100 finished Thursday’s session...