Whitbread share price: Elliot builds up stake in company

BRITAIN-ECONOMY-RETAIL-COMPANY-COSTA

BRITAIN-ECONOMY-RETAIL-COMPANY-COSTA

The Times meanwhile reports that according to City sources, Elliott is pushing for Whitbread to spin off Costa through a float in an effort to create as much as £3 billion of additional value.

A unit of United States activist hedge fund Elliott Management how holds a six-percent stake in Whitbread (LON:WTB), Reuters has reported.

Reuters reported over the weekend that Elliott Advisors how held over six percent in Whitbread, with the move turning the hedge fund into the blue-chip company's biggest shareholder.

A spokeswoman for Whitbread declined to comment.

Elliott Advisors is the second activist investor to build a substantial shareholding in Whitbread, which also owns Beefeater and Brewers Fayre brands as well as restaurants Thyme, Bar + Block and Table Table.

Emelec se reencuentra con el triunfo
La mala noticia para los 'millonarios' es la lesión de Bryan Angulo quién tuvo que ser reemplazado por De Jesús a los 26 minutos. Emelec hizo memoria y consiguió recordar lo que era celebrar un triunfo, el mismo que se le negaba desde hacía más de un mes.

Splitting Costa Coffee and Premier Inn would take Whitbread less than five months and would cost less than £20 million, its largest shareholder is said to believe.

Alpesh Patel, chief executive of Praefinium Partners, the investment company, said he did not think a break up of Whitbread was inevitable.

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.

Unlike Sachem Head, however, Elliott does not want Premier Inn to sell its properties.

It is also pressing BHP Billiton to get rid of the mining giant's dual listing structure.

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