UK's Whitbread falls after Bernstein downgrades

Whitbread

28/11/2025 12:05

** Shares of Premier-Inn owner Whitbread WTB.L down 4.55% at 2,684 p, top loser on London's FTSE 100 .FTSE, which is up 0.06%
** Bernstein downgrades rating to 'Underperform' from 'Outperform', cuts PT to 2,500 p from 3,600 p
** Brokerage notes that the UK government changing business rates, taxes levied on commercial properties, may impact co's profitability

** Bernstein says the new business rates will impact WTB's PBT by up to 30 million pounds ($39.61 million) in 2026/27 and 90 million pounds in 2027/8

** 12 of 19 brokerages rate the stock "buy" or higher and rate 7 "hold" ; their median PT is 3,500 p - LSEG Data
** Up to Thursday's close, stock had fallen 4.55%, compared with a 18.68% increase in FTSE YTD

($1 = 0.7573 pounds)

 (Reporting by Simone Lobo in Bengaluru)

 ((Simone.Lobo@thomsonreuters.com, +919920570373))