Premier Inn Owner Whitbread Cuts Costs, Hotels, Jobs to Boost Investor Buybacks
Whitbread cuts back to give back; BOE set to hold rates
This article is for subscribers only.
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories.
Premier Inn owner Whitbread is embarking on an overhaul sparked by activist pressure. Essentially, it’s cutting back on spending and selling hotels to reward shareholders.