Whitbread, the owner of Premier Inn hotels, has announced plans to cut 3,800 jobs as part of a new savings initiative. The company will also close its remaining Beefeater and Brewers Fayre restaurants.

Premier Inn owner Whitbread has announced a major five-year overhaul plan that includes cutting 3,800 jobs and selling £1.5 billion worth of its hotel properties, partly in response to activist pressure.