Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Premier Inn targeted by activist investor after Budget tax blow [Yahoo! Finance]

Icahn Enterprises L.P. - Depositary units (IEP) 
US:NASDAQ Investor Relations: ielp.com/investor-relations
Company Research Source: Yahoo! Finance
New York-headquartered Corvex has amassed a 6.05pc stake in London-listed Whitbread and called for the company to reconsider its strategy in light of changes introduced in the Chancellor's Autumn Statement. The asset manager called for a strategic review at Whitbread “to assess its capital allocation priorities and overall strategic direction” in light of “the recently announced UK Budget and changes to rateable values and business rates.” Rachel Reeves, the Chancellor, unveiled an overhaul of business rates – a property tax – in the Budget, which triggered higher tax bills for many larger commercial buildings. Whitbread subsequently said it expected to face up to £50m in extra costs. Dominic Paul, Whitbread's chief executive, said he was “extremely disappointed” with the Budget. Corvex said the Premier Inn-owner should “should review the company's current five-year capital plan, which contemplates approximately £3.5bn of investment – an amount approaching the company's curre Show less Read more
Impact Snapshot
Event Time:
IEP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for IEP alerts
Opt-in for
IEP alerts

from News Quantified
Opt-in for
IEP alerts

from News Quantified