Costa Coffee to spin off from Whitbread

Firm to separate cafe chain from its Premier Inn hotel and restaurant business after investor pressureWhitbread is to spin-off its Costa Coffee chain from the rest of the business, which includes Premier Inn hotels, after pressure from activist investors.The company said the demerger of Costa – the UK’s biggest coffee chain – would be completed within two years, allowing shareholders to invest in “two distinct, focused and market-leading businesses”. Continue readin