Whitbread warned that UK budget measures will cost the Premier Inn owner £40-50 million next fiscal year due to increased business rates on commercial properties. The company’s CEO expressed extreme disappointment, stating the changes are a “hammer blow” to their business and the wider hospitality industry. Despite this, Whitbread maintained its fiscal 2026 outlook.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj