Delivery Hero, EasyJet, and Whitbread: European Stock Movers Analysis

Delivery Hero Shareholder Pressure

• 📌 Delivery Hero is facing pressure from large shareholders to conduct a strategic review, potentially including a sale of the business or parts of it.
• 📉 The company's shares have seen a significant decline, down nearly 90% from a 2021 peak, fueling shareholder frustration over operational progress.
• 🤝 Previous attempts to sell its Taiwan unit to Uber were unsuccessful, leading investors to call for a more ambitious review of the entire portfolio, with potential interest from companies like Uber, Meituan, and Grab.

EasyJet's Analyst Upgrade

• 🚀 EasyJet shares rose following an upgrade from Bernstein, who sees it as a cheap play to benefit from supply constraints in the airline industry, which can boost pricing.
• ⚠️ Analysts acknowledge that while headwinds like rising expenses and reduced cash flow are largely priced in, challenges remain, including potential tough conditions in 2026, ongoing air traffic control disruptions, and the impact of halted flights in the Middle East.
• 📊 The stock is noted to be trading at a steep discount compared to Ryanair, suggesting a potential entry point for investors.

Whitbread's Double Downgrade

• 📉 Whitbread, the owner of Premier Inn, was double downgraded by Bernstein due to the impact of the UK government's adjustment of business rates.
• 🏢 While smaller hospitality businesses may benefit from lower rates, analysts estimate that most Premier Inn hotels exceed the relief threshold, leading to a significant estimated impact on profitability.
• 💰 The analysis suggests a potential hit of up to £30 million in 2026-2027 and £90 million in 2027-2028, putting the company's efficiency plans at risk.