Whitbread Confirms That Elliott Advisors Holds 5.3% Interest (ALLISS)

BRITAIN-ECONOMY-RETAIL-COMPANY-COSTA

Leisure business Whitbread (WTB) shot to the top of the FTSE 100 leaderboard in early trading on Monday as another activist investor stake builds.

Shares in Whitbread soared by 6.6 per cent after Elliott, the United States hedge fund, confirmed that it has become the largest shareholder in the company. The group's shares have lost almost six percent of their value over the past year, as compared with about a one-percent dip in the Footsie.

Whitbread to spin off Costa?

Electronic Arts (EA) Stock Rating Reaffirmed by William Blair
Following the sale, the senior vice president now owns 4,528 shares of the company's stock, valued at $573,924. The stock of JPMorgan Chase & Co. (NASDAQ:EA) has "Overweight" rating given by KeyBanc Capital Markets.

Reports have suggested that Elliott Advisors is pressuring Whitbread into splitting its hotel and Costa Coffee businesses to add shareholder value.

The newspaper reported that Elliott had presented Whitbread with a plan to split the firm through a demerger of its Premier Inn and Costa Coffee divisions. Having bought into the company almost a year ago, the hedge fund's stake was reported by The Sunday Times to be worth about £430 million now.

That sparked a near 7% jump in Whitbread's share price on Monday to £41.97, the highest the stock has been in almost a year.

Related:

Comments

Latest news

Mourinho Speaks On West Brom Loss
He also conceded it was sweet to triumph in a country where some critics claimed his purist principles couldn't flourish. While they did it at a time when the game was still in its infancy, their record around that period was astounding.

The Weeknd Breaks Down On Stage At Coachella Because Of Selena Gomez?
One of his fans even took to Twitter and wrote: " The Weeknd crying got me sad like I nearly gave my kidney to Selena (sic)". They walked around the fields together in hugs and later Jeffries was seen resting her head on The Weeknd's shoulder.

Rescuers searching for missing Indian family find woman's body
Her wife, Sarah Hart, had a significant amount of Benadryl in her system, as did two of the children, police said. The auto has not been located, and the police said the search would continue for the vehicle and its occupants.

Deadline to register to vote in May primary is Monday, April 16
Nearly half a million people have been advised to "Check the Register" ahead of the May deadline for the upcoming referendum. If held, candidates will contest the 249 seats in the National Assembly for five-year terms.

Hollywood star Gwyneth Paltrow held 'secret wedding' bash with star pals
On the third finger of her left hand she sported a giant sapphire that looked like it had come from an upmarket Christmas cracker. People magazine reports Gwyneth was a knockout in a maroon, one-shouldered gown with a slit up to there.

Syria forces enter Douma, last holdout in rebel bastion: State media
The Syrian government and its ally Russian Federation have denied allegations of a chemical attack. Syrian newspapers meanwhile boasted that the country's air defense systems had shot down missiles.

Salman Khan Nails A Backflip In This Throwback Video From Sultan Sets
Just this past weekend, director Ali Abbas Zafar shared a video of Salman trying the backflip in the wee hours. Salman Khan is now shooting for "Race 3", after which he'll start shooting for "Dabangg 3" and " Bharat ".

Alia Bhatt promotes RAAZI solo
The actor took to his Instagram account to post a picture of himself wearing a hoodie with " Gully Boy " printed on the back. Ranveer Singh dons a denim jacket, brown tshirt and green trousers as he is spotted on a bridge at the station.

Auto crash leaves six pedestrians badly injured
Three air ambulances were called and multiple ambulances after the crash close to the seafront in Canvey Island. None of the injuries sustained by the pedestrians is believed to be life-threatening, the police said.

Djokovic reunites with Vajda for Monte Carlo
Red clay is the blood that runs through Nadal's veins. "He says he will love to play against me again in best-of-five sets on clay", came the reply.

Suspect Injured In An Officer-Involved Shooting In Winslow Sunday
The GBI said officers commanded Thedford to stop, and when he didn't, a deputy fired one shot into the auto , striking Thedford. The officers were pursuing a suspect in a murder investigation that occurred earlier Saturday in Winslow Township.

Shareholder Duff & Phelps Investment Management Co Decreased Nextera Energy INC (NEE) Stake
Cypress Capital Management Llc bought 3,000 shares as the company's stock rose 5.21% while stock markets declined. On Tuesday, January 2 the rating was maintained by Guggenheim with "Buy". (NYSE:NEE) for 6,842 shares.

Valero Energy Corporation (VLO) Hit All Time High at $101.83
The Evanston Investments Inc Dba Evanston Advisors holds 108,796 shares with $10.00 million value, down from 114,737 last quarter. Envestnet Asset Management Inc.'s holdings in Valero Energy were worth $5,827,000 at the end of the most recent reporting period.

WEATHER WARNING: Status Yellow Weather Warning in place for tomorrow
And tonight there will be heavy showers or longer spells of rain most affecting west Munster, Connacht and Ulster. A status yellow warning has just been issued for eight countries across Ireland and we're not even surprised. .

Stifel Nicolaus Reiterates $49.00 Price Target for RSP Permian (NYSE:RSPP)
Tower Research Ltd Company (Trc) holds 0% or 305 shares in its portfolio. 355,885 were accumulated by Cadian Cap Ltd Partnership. TheStreet upgraded shares of RSP Permian from a "c+" rating to a "b-" rating in a research report on Friday, March 23rd.

Other news