Whitbread PLC (LON: WTB) Share Price on 3 December 2025: Budget Hit, Buybacks and 2026 Stock Forecast
Whitbread shares fell over 11% on 30 November after the UK Budget sharply raised business rates for large hotels, with trading volume 8% above average. As of 3 December, the stock traded near 2,415p, down about 14% year-on-year and over 25% below its 52-week high. The company expects £40–50m in extra annual costs from the new rates and plans £60m in efficiencies to offset inflation.