UK's Whitbread rises after Corvex discloses stake, calls for strategic review

Whitbread

18/12/2025 09:33

** Shares of Premier Inn owner Whitbread WTB.L up 3.8% at 2,537p; stock is the biggest gainer on the FTSE 100 .FTSE, which is down 0.01%

** U.S.-based hedge fund Corvex Management urges WTB to review its 3.5  billion pound ($4.67 billion) capital plan, citing a gap between co's share price and market value after recent UK budget changes

** Corvex also discloses 6% stake in WTB and announces intention to seek representation on the company’s board

** As of last close, stock down ~15% YTD, while the FTSE 100 was up ~19%

($1 = 0.7487 pounds)

 (Reporting by Tuhina in Bengaluru)

 ((tuhina@thomsonreuters.com))