Livingstone Brothers buy multi-million pound Whitbread stake ...

It's been a while since the London market has seen an good old fashioned stakebuilding in a FTSE 100-listed company by wily entrepreneurs.

So Betaville perked up when chums got in touch to point out that L&R Ventures, a vehicle controlled by canny billionaire property tycoons Ian and Richard Livingstone had built a 3.5pc stake in Whitbread, the owner of budget hotel company Premier Inn...