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Premier Inn targeted by activist investor after Budget tax blow
Yahoo Finance· 2025-12-19 08:54
New York-based Corvex said the Premier Inn owner should review its five year capital plan - Lee Smith/Reuters The owner of Premier Inn is facing pressure from a US activist investor to curb its spending after suffering a £50m blow from Rachel Reeves’s Budget. New York-headquartered Corvex has amassed a 6.05pc stake in London-listed Whitbread and called for the company to reconsider its strategy in light of changes introduced in the Chancellor’s Autumn Statement. The asset manager called for a strategic ...