Signage for Premier Inn is seen on the outside of one of their hotels in London, Britain, March 30, 2016.PANIC ROOM. With Britain teetering on the brink of a second national lockdown, Whitbread is bowing to the inevitable. After announcing a 78% slump in like-for-like domestic revenue in the 26 weeks to Aug. 27, the 4 billion pound operator of Premier Inn hotels and Beefeater pubs said it would lay off as many as 6,000 people, or 18% of its workforce.
POT-DE-VIN. If persuasion fails, try bribery. Such is Suez’s approach to investor relations. On Tuesday, the French waste management company tried to fend off a potential hostile bid from rival Veolia by pledging to hand shareholders 2 billion euros in bumper dividends and buybacks over the next two years. That’s more than a fifth of its current market value. The promised largesse comes after state-backed Engie, which holds 30% of Suez, told Veolia to raise a 15.
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