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...
Partner Insight: In this environment, a well-resourced credit research team is essential and having traders to keep check on markets is very helpful too, according to Fidelity fixed income managers Sajiv Vaid, Peter Khan and Kris Atkinson
Impact of political turmoil and Brexit
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In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.
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