RMT announces 24-hour London Underground driver strikes from 26 November
Published November 6, 2026 · Updated November 6, 2026 · 3 sources
The RMT has called a series of 24-hour tube driver strikes over four-day week plans. We set out the facts and the data for four exposed UK-listed companies.
The exposed companies and what ATLAS says about each
There is no market close after the event yet: the reaction will be visible at the close of November 6. This page will be updated then with the actual change. In the meantime, here is the data for each company.
Owner of Premier Inn hotels in London, where travel disruption during the strike period could affect guest demand. · Consumer Cyclical
Whitbread owns Premier Inn hotels in London, where travel disruption during the strike period could affect guest demand; it is included for its activity in the sector, not because the event affects it. Its latest available close was £28.35 on November 5. The ATLAS fair value estimate is £18.55 (range £13.04 to £26.40), and the dividend yield is 3.42%.
Latest available close
£28.35Close of November 5
Fair value (ATLAS)
£18.55Fair range: £13.04 to £26.40The price (£28.35) is 52.8% above that figure.
Chance of a rise in 1 month
52%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between £27.29 and £29.65; 9 in 10, between £25.35 and £31.92.
Hotel group with London properties, where Underground disruption could affect visitor travel patterns. · Consumer Cyclical
InterContinental Hotels is a hotel group with London properties, where Underground disruption could affect visitor travel patterns; it is included for its activity in the sector, not because the event affects it. Its latest available close was $176.95 on November 5. The sheet shows a dividend yield of 1.07% and no ATLAS fair value estimate.
Latest available close
$176.95Close of November 5
Chance of a rise in 1 month
52%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $170.21 and $185.19; 9 in 10, between $157.94 and $199.57.
Retailer with central London stores, where shopper disruption in the run-up to Christmas is noted in the story. · Consumer Cyclical
Marks and Spencer is a retailer with central London stores, and the sources note shopper disruption in the run-up to Christmas [2]. Its latest available close was £4.44 on November 5. The ATLAS fair value estimate is £5.39 (range £3.77 to £7.70), a model estimate, with the price 17.61% below that value.
Latest available close
£4.44Close of November 5
Fair value (ATLAS)
£5.39Fair range: £3.77 to £7.70The price (£4.44) is 17.6% below that figure.
Chance of a rise in 1 month
52%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between £4.25 and £4.67; 9 in 10, between £3.91 and £5.07.
Retailer with London stores, exposed to shopper disruption in the pre-Christmas period noted in the story. · Consumer Cyclical
Next is a retailer with London stores, exposed to the pre-Christmas shopper disruption noted in the coverage [2]. Its latest available close was £159.90 on November 5. The ATLAS fair value estimate is £191.54 (range £142.49 to £266.66), with the price 16.52% below that value and a dividend yield of 3.93%.
Latest available close
£159.90Close of November 5
Fair value (ATLAS)
£191.54Fair range: £142.49 to £266.66The price (£159.90) is 16.5% below that figure.
Chance of a rise in 1 month
52%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between £154.11 and £167.09; 9 in 10, between £143.45 and £179.50.
The RMT union has announced a series of 24-hour London Underground driver strikes starting on 26 November, in opposition to plans for four-day working weeks [1]. The first session that can reflect the event is 6 November, so the market reaction will be visible at that day's close and this page will be updated then.
London Underground drivers are to stage a series of 24-hour strikes in a long-running dispute over working arrangements, the RMT union has announced. The walkouts begin on 26 November, in opposition to plans to introduce four-day working weeks [1].
Further strikes are planned for 17 December, 19 December, 4 January, 6 January, 17 February, 23 February and 25 February [1]. The Guardian describes eight 24-hour strikes, including six in the lead-up to Christmas, with the first starting at noon on 26 November [2].
The union says drivers will face longer hours driving trains and work longer days, but Transport for London (TfL) previously said its four-day week proposal was voluntary and would mean drivers work fewer hours overall [1]. The Guardian reports that the proposal has been warmly welcomed by the majority of drivers represented by the Aslef union [2].
The Guardian adds that disruption could mean few tube trains over the last shopping weekend before Christmas [2]. The Telegraph's headline refers to tube drivers striking over the Christmas period [3].
What ATLAS data show
ATLAS model estimates are available for three of the four companies. Whitbread's close of £28.35 is 52.82% above its fair value estimate of £18.55. Marks and Spencer's close is 17.61% below its estimate of £5.39, and Next's is 16.52% below its estimate of £191.54. These are model estimates with wide ranges, not promises or advice, and InterContinental Hotels has no estimate in the sheet.
The market reaction will be visible at the close of November 6, and this page will be updated then. Once prices are available, a coincidence in time between two closes would not show that the strikes caused any move. The figures are from closes and may change.
What you get with ATLAS
Fair value of each company, with its range, against today's price.
Chance of a rise in 1 month and the normal price range, from a calibrated model.
Earnings: next date, estimated EPS and surprise history.
Dividends and alerts by email when a company reports.
The first 24-hour strike begins on 26 November, and The Guardian says it starts at noon [1][2].
What is the dispute about?
The RMT opposes plans for four-day working weeks, saying drivers would work longer hours and longer days. TfL previously said the proposal was voluntary and would mean fewer hours overall [1].
When will the market reaction be visible?
At the close of November 6, the first session that can reflect the event. This page will be updated then.
Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 6, 2026. How we calculate fair value.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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