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Whitbread shares jump after activist investor declares stake
December 6, 2017 / 3:28 PM / 7 days ago

Whitbread shares jump after activist investor declares stake

LONDON, Dec 6 (Reuters) - Whitbread shares jumped 7 percent on Wednesday after activist investment fund Sachem Head declared a 3.4 percent stake in the hotel and coffee chain operator.

Shares of Whitbread, owner of Costa Coffee and Premier Inn, were up 262 pence at 3,972 pence at 1519 GMT.

A Whitbread spokeswoman was not immediately available for a comment. (Reporting by Martinne Geller; Editing by Mark Potter)

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