Browsing Tag
Corvex Management
4 posts
Whitbread (LSE: WTB) profits fall 62% as Premier Inn growth meets restructuring costs and activist pressure
Whitbread PLC reported first-half revenue of £1.57 billion but statutory pre-tax profit fell to £109 million as restructuring charges and cost inflation weighed on earnings. Stronger Premier Inn trading in Britain and Germany is supporting its five-year recovery strategy ahead of a November shareholder vote demanded by activist investor Corvex Management.
Premier Inn is growing, so why is Whitbread exiting 197 restaurants and restructuring thousands of jobs?
Whitbread plc is pushing ahead with its hotel-focused transformation, including the proposed removal of around 3,800 roles as it exits branded restaurants, while activist investor Corvex Management seeks a board seat. The governance fight now turns a major workforce restructuring into a wider debate over whether Premier Inn's owner is moving fast enough to unlock value.
Disney in, Alphabet out: What Corvex’s Q3 pivot reveals about smart money trends
Corvex Management exits Alphabet, adds Disney, and trims Dollar Tree in Q3 2025. Find out what this signals about hedge fund strategy now.
Elis confirms preliminary approach to acquire Vestis amid market challenges
Elis SA, a French provider of uniform, linen cleaning services, and workplace supplies, has confirmed that it made…