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United Kingdom

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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.
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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.
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UK gains access to advanced AI models as Google Gemini 4 Argon undergoes safety testing

Britain's AI Security Institute has confirmed access to advanced AI models, including Google's Gemini 4 Argon, as it works with American authorities and leading developers to assess safety risks. The announcement follows concerns over potential restrictions on British access to frontier systems and comes as autonomous AI behaviour attracts increasing scrutiny.