Costa, TSB, Amazon: Everything that matters this morning

Whitbread to spin off Costa Coffee
Whitbread plans to spin off its Costa coffee chain into a separately listed company within two years as it responds to activist investors’ demands for a split. Whitbread, which also owns Premier Inn and restaurant chains including Beefeater, says the split will happen “as fast as practical and appropriate”. It will have to undertake work on its IT systems, international expansion and its pension deficit before the spin-off can occur.
Adam Croz