Whitbread falls to 7 month-low on expected impact from UK budget changes

Whitbread

28/11/2025 12:54

Updates

** Shares of Premier Inn owner Whitbread WTB.L down as much as 9.18% at 2,554 p, lowest since April 30

** Top loser on London's FTSE 100 .FTSE, which is up 0.28%

** Co expects a 40-50 million pounds ($52.85-$66.06 million) impact in fiscal year 2027 from the UK government raising business rates, taxes levied on commercial properties

** WTB says it will deliver accelerated cost efficiencies of 60 million in FY27 to mitigate impact from the changes

** Bernstein also downgraded stock's rating to 'underperform' from 'outperform' and cut PT to 2,500 p from 3,600 p earlier in the day

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

($1 = 0.7569 pounds)

 (Reporting by Simone Lobo in Bengaluru)

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