Pubs and restaurants set for massive weekend if bookings are accurate
Spending in London could top £300mln according to one estimate
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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Restaurants, pubs reassured by government dropping Covid passport plans in April and May
Industry representatives are concerned about the practical consequences of admitting customers only if they have tested negative, received the jab or have contracted the virus in the previous six months
Pub vaccine passport plan 'unworkable' says industry
"It is simply unworkable, would cause conflict between staff and customers"
Mixed news in bleak day for hospitality sector as Mitchells & Butlers delays pension payment, German Doner Kebab to create 1,800 jobs
Later today, Boris Johnson is expected to announce that venues will remain shuttered until the end of April
Mitchells & Butlers joins calls for pubs to re-open as it launches open offer
Phil Urban, chief executive said that the hospitality industry has done everything that has been asked of it to date
Mitchells & Butlers to raise £350mln from shareholders
The total cash injection is £500mln including a new £150mln loan facility
Mitchells & Butlers reports sharp slowdown in sales as lockdown hits festive trading
For the 14 weeks to January 2, the publican said total sales were down just over 67% as progressively tighter restrictions imposed in the UK and Germany resulted in an “ever smaller number of sites open”
Lockdown pubs in focus as Mitchells & Butlers updates on Thursday
The pub company is among only a few likely highlights for Thursday, January 7.
Pub groups hope Easter will be the new Christmas as COVID-19 restrictions tighten
In Tier-3, pubs must close with the exception of takeaway drinks
Mitchells & Butlers posts loss, axes 1,300 staff but says it will recover
Mitchells said it had received £30mln from Eat Out to Help Out
Mitchells & Butlers mulls over job cuts as UK enters three-tier lockdown system
According to Liberum, Marston's and Wetherspoons have the largest exposure to the North of England and Scotland, while Restaurant Group and Loungers look to be least affected
Mitchells slides as social distancing dents capacity and sales
In a trading update for the 51 weeks to September 19, the publican reported LFL sales had fallen 3.1%, while total sales in the year to date dropped 35.4% due to the lockdown period
Coronavirus: Pubs and restaurants stocks rebound with new restrictions better than feared
Prime Minister Boris Johnson is expected to announce a 10pm curfew on venues from Thursday onwards
Coronavirus: Hospitality sector under pressure as UK mulls over potential clampdown on socialising
Prime Minister Boris Johnson is to announce further restrictions on Tuesday
Coronavirus: Mitchells & Butlers, Fulham Shore among venues extending Eat Out to Help Out scheme
As the scheme comes to an end, several companies have chosen to offer discount throughout September
Mitchells & Butlers pushed into losses by coronavirus property hit
Mitchells said it expects to have the majority operating again by the end of month.
Mitchells & Butlers tops up borrowing headroom in case pub recovery goes bad
Under its new arrangements, the pub company has agreed not to pay a dividend or undertake any share buy-backs until at least late next year
Mitchells & Butlers secures financing waiver extension to next month
The publican, was given a waiver until 15 May by its lenders to avoid a potential breach of its secured financing terms from its pubs all being shut
Pubs 'in precarious position' but JPMorgan upgrades Mitchells & Butlers
Although liquidity is tight, the analysts believe UK pubs “can endure a mid-duration shutdown that has some visibility on conclusion/path to recovery”
Pub companies secure extra leeway from lenders to survive coronavirus lockdown
Mitchells & Butlers and Revolution Bars are part of an industry that has been forced to shut down completely by the government