Whitbread’s reset is slow. But angry US hedge fund doesn’t have a better idea | Nils Pratley

Demand for ‘formal sale’ is odd for slew of reasons including five-year plan analysts say is ‘sensible, credible and material’The big strategy reset a fortnight ago from Whitbread, the owner of Premier Inn, got a ho-hum response from the stock market for understandable reasons. The company said shutting Beefeater and Brewers Fayre restaurants, or converting the space to hotel rooms, would involve upfront costs. Most of the goodies in the five-year plan, launched only two years after the last one...