US activist investor urges Whitbread review after budget tax changes

Corvex says Premier Inn owner should rethink strategy as company braces for business rate changes next yearBusiness live – latest updatesThe owner of Premier Inn is facing calls from an American activist investor to rethink its business strategy, just weeks after the company warned the budget would cost it up to £50m next year.Corvex, a New York-based hedge fund, told Whitbread it should begin a strategic review as it braces for big tax rises next year after changes announced by the chancellor, Rachel Reeves. Continue reading...