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Following the arrival of an activist investors on Whitbread's share register, analysts at Barclays has estimated that a potential break-up of the Costa and Premier Inns group could deliver a sum-of-the-parts valuation of 18-40% above the current share price.
Improving economic conditions in Europe and a tougher backdrop in the UK was a large part of why Credit Suisse upgraded five outward focused stocks and downgraded seven others as it reviewed prospects for the business services sector.
Analysts at Investec reiterated their 'buy' recommendation for shares of Next, pointing to the shares' supportive valuation and the "consistency" of the company's cash generation to back up their case.
