Hobson: A Clean Break is Hard for WPP and Whitbread

THE WEEK: Morningstar columnist Rodney Hobson says the case for splitting up companies is not always convincing

Rodney Hobson 20 April, 2018 | 2:32PM

Costa Coffee owner Whitbread

A curious thing happened on Monday, showing that you really can have it both ways on the stock exchange.

Whitbread (WTB) shares leapt 7% after activist investor Elliott Advisers took its stake in the Costa Coffee and Premier Inn group up to 6%. Whitbread shares had already rallied 3% on Monday, so that makes 10% in two days after three years of sliding down.

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About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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