Whitbread shares supported by asset value despite muted near-term outlook, UBS says

Whitbread PLC's (LSE:WTB) executive incentive structure is increasingly focused on profits and balance sheet discipline rather than growth, according to UBS, which warned investors face a “catalyst light” period for the Premier Inn owner. The Swiss bank said the FTSE 100 group's latest annual report provided less detail than usual on future short-term and long-term incentive plans, reducing visibility on management targets and performance measures.