Toby Carvery owner receives upgrade but pub recovery end looms
Mitchells & Butlers saw a share price target upgrade from Deutsche Bank
Company
Mitchells & Butlers PLC
LON:MAB
Mitchells & Butlers PLC is an operator of managed pubs and pub restaurants. As of September 27, 2008, it had an estate of 1,993 sites located in the United Kingdom and 42 pub restaurants in Germany. The Company has two retail operating segments: Pubs & Bars, which focuses primarily on drink and entertainment-led sites, and Restaurants, which focuses on food and accommodation-led sites. It is also engaged in property development, which is undertaken by Standard Commercial Property Developments Limited. Its brands and formats include Sizzling Pub Co., Ember Inns, Cornerstone, Metro Professionals, Scream, Vintage Inns, Harvester, Toby Carvery, Crown Carveries, Premium Country Dining Group, Town pubs, O’Neill’s, Nicholson’s and Classic Pubs, All Bar One, Music bars and Browns. Its subsidiaries include Mitchells & Butlers Retail Ltd, Mitchells & Butlers Retail (No 2) Ltd, Mitchells & Butlers (Property) Ltd, Mitchells & Butlers Leisure Retail Ltd and Mitchells & Butlers Finance plc.
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Mitchells & Butlers sales bounce back but inflation a concern
Sales this year so far are up by 9.2%
Fall in Christmas bookings for pubs, World Cup to hand boost
Data from the CGA Strategy reminded readers that major sporting events have a influence on drinks consumption and consumer in pubs
Mitchells & Butlers expects energy costs to nearly double
The group said recent moves to support business through the energy crisis were welcome but forecast that total energy and utility costs would still rise to around £150mln from £80mln this year with further increases seen in 2023
Pubs and restaurants set for mass closures unless government steps in, sector warns
Conditions for trading are so tough that many outlets are shutting early
Mitchells & Butlers says cost pressures to hit margins as sales fall
"Inflationary cost pressures continue to present a major challenge," the All Bar One owner told investors
Toby Carvery gets roasted for Sunday lunches without lamb
“We experienced difficulties within our own lamb supply chain" said the Mitchells & Butler-owned chain
Mitchells & Butlers confident business will pick up quickly when Omicron fears subside
The Harvester and Toby inns group expects social activity to continue to be adversely affected in the short term (apart from in Downing Street, obviously)
Mitchells & Butlers back in profit after lockdown ends but now Brexit and rising costs threaten its recovery
Things are improving at last for the heavily indebted pubs group but just as things are looking brighter, so new threats such as staff shortages and rising costs assail the pubs group
Mitchells & Butlers cheered by lifting of lockdown but rising costs loom after Brexit
"Brexit remains an important event for the market and has created risks for the sector, principally around the supply and cost of products and workforce shortages."
Mitchells & Butlers sales recover but food faring better than drink
"Trading continues to be stronger in suburban and food-led brands"
Rules eased for two Covid-19 jabs as businesses reserve judgement on 19 July reopening
Health Secretary Sajid Javid said rules will change for people who are fully vaccinated
Government hints at relaxing self-isolation rules as vaccinations progress
Around 80% of adults in the UK have received at least one vaccination with 47% having had both jobs.
England vs Scotland: Pub groups desperate for win in pandemic recovery
England vs Scotland: Pub groups desperate for a win in pandemic recovery.
Mitchells & Butlers predicts strong rebound when pubs reopen fully
The Harvester and All Bar One owner said nearly all of its outlets had now reopened