Whitbread shares soared 19% in early morning trading on its surprise agreement to sell its Costa coffee chain to Coca-Cola for £3.9bn including debt.
The UK leisure group has been pressurised by activist investors - such as Elliott Advisors, which joined the shareholder register in April - to separate its business this year, prompting Whitbread to announce...
Months of negotiations
PARTNER INSIGHT: Ian Lance and Nick Purves, managers of the TM RWC UK Equity Income Fund, analyse the tug of war between value and growth that is being observed in markets today and why the future for value investing looks bright.
PARTNER INSIGHT: Ian Lance and Nick Purves, portfolio manager of the TM RWC UK Equity Income Fund, discuss the opportunity shift from growth to value after ten years of underperformance.
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Increased by ten percentage points