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Mitchells & Butlers

Mitchells & Butlers 19/05/2012

10:04 : Mitchells & Butlers blames flat sales on 'the wrong type of pubs' - Britain's biggest pubs group, which operates 1,600 restaurants and bars, said the April washout had hit trading at its large collection of rural hostelries, many of which have gardens.

Mitchells & Butlers 18/05/2012

11:15 : Sales slow at Mitchells & Butlers pubs as rain keeps customers away - But even when the weather was decent - in the 11 weeks to April 7, Mitchells said like-for-like sales rose by just 0.2 per cent in the 11 weeks to April 7, compared to 4.4 per cent rise in the 17 weeks to January 21.
08:58 : Mitchells & Butlers profit dips, CEO search goes on - LONDON (Reuters) - British restaurant and pub group Mitchells & Butlers reported a dip in profits on Friday as the rising cost of food and fuel undermined rising revenues at the owner of chains including Harvester, All Bar One ...
Source : reuters-com

Mitchells & Butlers 23/03/2012

10:44 : Mitchells & Butlers and Enterprise Inns edge up on planned curbs on superma - Pub groups benefit from proposals to set minimum price per unit of alcoholGovernment proposals to curb the sale of multi-buy alcohol deals in supermarkets has given a lift to Britain's pub groups.In an attempt to crack down on binge drinking, the coalition ...
Source : guardian-co-uk

Mitchells & Butlers 22/02/2012

03:00 : Mitchells & Butlers picks 3 for CEO shortlist - report - LONDON (Reuters) - British pubs and restaurants group Mitchells & Butlers has drawn up a shortlist of three candidates to be chief executive as the company looks to bring its year-long search to a close, the Financial Times ...
Source : reuters-com

Mitchells & Butlers 26/01/2012

23:39 : Mitchells & Butlers investors take aim at billionaire investor Joe Lewis - Independent shareholders in Mitchells & Butlers yesterday fired a shot across the bows of the yacht-owning billionaire investor with a protest vote against his boardroom placemen.
18:41 : Lewis keeps his focus on M&B - The billionaire investor's apparent vote against the accounts at Mitchells & Butlers reminded everyone that the firm still has his full attentionThe board of directors of Mitchells & Butlers approved ...
Source : guardian-co-uk
11:57 : Pub owner Mitchells & Butlers toasts unexpected boost in Christmas sales - The owner of some of Britain's best known pubs - Harvester and Toby Carvery - dodged the economic storm clouds to report a 6.5 per cent jump in like-for-like sales for the nine weeks to 21st January.
11:45 : Mitchells & Butlers pledges to beef up board - LONDON (Reuters) - Restaurants and pubs group Mitchells & Butlers said it was making progress on key board appointments ahead of a expected protest at its annual shareholder meeting over its lack of independent non-executive ...
Source : reuters-com
10:27 : Mitchells & Butlers upbeat on trading ahead of annual meeting - Like for like sales up 6.5% in nine weeks, but company faces corporate governance concerns at AGMMitchells & Butlers has issued an upbeat trading statement ahead of its annual meeting later which could see a clash with concerned investors.The company ...
Source : guardian-co-uk
09:22 : Mitchells & Butlers sales boosted mild winter - Mitchells & Butlers, the restaurants and pubs group, reported a better-than-expected first quarter sales rise, benefiting from milder weather over the Christmas and New Year period and strong demand for casual dining.
Source : telegraph-co-uk
08:23 : Mitchells & Butlers Christmas sales top hopes - LONDON (Reuters) - Restaurants and pubs group Mitchells & Butlers reported a better than expected first quarter sales rise, benefiting from milder weather over the Christmas and New Year period and strong demand for casual dining.
Source : reuters-com

Mitchells & Butlers 22/01/2012

00:43 : Mitchells & Butlers faces another bar brawl - All of the directors at Mitchells & Butlers are up for re-election at the pub group's AGM this week. Although they are expected to be retain their positions, the directors might still face difficult questions over the group's ...

Mitchells & Butlers 19/01/2012

09:35 : ABI in second warning over Mitchells & Butlers turmoil - The Association of British Insurers issued a 'red-top' alert, citing a seemingly endless boardroom merry-go-round that has left M&B as the only FTSE 350 firm with no independent non-executives.

Mitchells & Butlers 18/01/2012

14:58 : Shareholders on alert over Mitchells & Butlers meeting - Investors in the troubled pub group look set to clash with its largest shareholder – Tottenham Hotspur owner Joe Lewis – in another row over the make-up of the boardCity investors are expected to go to war once ...
Source : guardian-co-uk

Mitchells & Butlers 19/12/2011

14:36 : Joe Lewis raises stake in M&B - Billionaire currency trader continues to circle pub group two months after abandoning bidCurrency trader Joe Lewis has increased his stake in pub group Mitchells & Butlers two months after abandoning plans for ...
Source : guardian-co-uk

Mitchells & Butlers 23/11/2011

15:08 : Do Joe Lewis's Mitchells & Butlers concerns stand up to scrutiny? - New executive chairman Bob Ivell was heralding a 'new chapter' in the embattled pub group's history – while Lewis's camp were spinning another taleSo billionaire currency trader Joe Lewis has let it be known that he continues to have ...
Source : guardian-co-uk
05:18 : M&B back in profit despite tough trading - The UK pub chain Mitchells & Butlers (M&B), in which John Magnier and JP McManus hold a near 20pc stake, has returned to profit despite "a challenging year with a difficult consumer environment, board changes and a takeover ...
Source : independent-ie
01:16 : Running M&B a 'challenge' with Joe Lewis - The chairman of Mitchells & Butlers has admitted Joe Lewis's position as a major shareholder in the embattled pub group is a "challenge" as the search for a new chief executive continues.
Source : telegraph-co-uk
00:16 : Pubs group Mitchells & Butlers hit for £235m after latest losing gamble - Wrong-way bets on the movement of interest rates have left M&B – owner of Harvester and All Bar One – sitting on the paper loss, which does not show up in its £132m profit before tax.

Mitchells & Butlers 22/11/2011

12:30 : M&B boss admits Joe Lewis a 'challenge' to pub group - The chairman of Mitchells & Butlers has admitted Joe Lewis's shareholding in the embattled pub group is a "challenge" as he continues the search for a new chief executive.
Source : telegraph-co-uk
11:40 : M&B 'confident' on 2012 - Restaurant and pub group Mitchells & Butlers said today it was confident it could overcome the tough consumer environment in 2012 after making a good start to its new financial year, helped by mild weather.
Source : irishtimes-com
11:12 : Mitchells & Butlers shrugs off boardroom turmoil to post sales rise - The pub group, which is in the midst of a major boardroom shake-up following a string of departures, has boosted sales by 2 per cent in the past two months.

Mitchells & Butlers 20/11/2011

16:07 : Week ahead in business and economics: Nov 21 - Nov 25 - The minutes of the November meeting of the Bank of England's Monetary Policy Committee are out this week, as well as results from companies including Mitchells & Butlers, Dixons and Thomas Cook.
Source : telegraph-co-uk

Mitchells & Butlers 27/10/2011

18:40 : Exit of M&B's interim boss leaves pub group with no independent directors - Mitchells & Butlers reshuffle leaves pub restaurant group with no independent non-executives on boardMitchells & Butlers, the embattled pub restaurant group, is to become the only ...
Source : guardian-co-uk

Mitchells & Butlers 13/10/2011

23:29 : Billionaire Lewis calls time on bid for M&B - The billionaire tycoon, Joe Lewis, has dropped his bid for Mitchells & Butlers, the owner of the All Bar One, O'Neill's and Harvester pub chains, declaring it "increasingly risky" as market conditions have deteriorated.
12:34 : Joe Lewis drops bid for Mitchells & Butlers - Joe Lewis, the billionaire currency trader, has dropped plans to take over Mitchells & Butlers, sending shares in the British pubs and restaurant group tumbling.
Source : telegraph-co-uk

Mitchells & Butlers 07/10/2011

22:07 : Joe Lewis is still considering bid for Mitchells & Butlers - The reclusive investor has until an October 17 deadline to launch a formal bid, but his sudden departure fuelled rumours in the City that he could be about to row back on his interest.

Mitchells & Butlers 27/09/2011

22:53 : Billionaire Joe Lewis facing brawl to win race for Mitchells & Butlers - Investor Joe Lewis could be facing a bar-room brawl to get hold of pubs group Mitchells & Butlers, after its board said he was not the only interested party.
08:09 : Growth slows at Mitchells & Butlers - British pubs & restaurants group Mitchells & Butlers reported slowing sales growth in the fourth quarter, strengthening the hand of prospective bidder Joe Lewis.
Source : irishtimes-com
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