Mitchells & Butlers LFL sales up YOY, returns to FY profit
7th Dec 2022 07:59
(Sharecast News) - Pub group Mitchells & Butlers said on Wednesday that like-for-like sales had grown in the twelve months ended 24 September, with profits broadly recovering to pre-Covid levels after stripping out utilities impacts.
Read moreMitchells & Butlers upbeat on recent trading, warns on energy costs
29th Sep 2022 07:49
(Sharecast News) - Mitchells & Butlers said in a trading update on Thursday that like-for-like sales improved in its fourth quarter, despite the ongoing impact of extreme heat as well as further rail strikes, both of which disrupted trade.
Read moreMorgan Stanley downgrades Mitchells & Butlers to 'equalweight'
7th Sep 2022 16:10
(Sharecast News) - Morgan Stanley downgraded pub group Mitchells & Butlers to 'equalweight' from 'overweight' on Wednesday and cut the price target to 260p from 330p.
Read moreMitchells & Butlers posts slowdown in Q3 LFL sales amid 'challenging' conditions
21st Jul 2022 15:40
(Sharecast News) - Mitchells&Butlers posted slower like-for-like sales growth for the third quarter amid higher costs.
Read moreMitchells & Butlers swings to profit but warns over cost headwinds
18th May 2022 09:08
(Sharecast News) - Pub group Mitchells & Butlers said on Wednesday that it swung to a first-half profit as sales continued to recover, but warned over cost headwinds.
Read moreMitchells & Butlers festive trading hit by Omicron
13th Jan 2022 07:14
(Sharecast News) - Pub operator Mitchells & Butlers said on Thursday that it had initially made "a strong start to the year", with like-for-like sales growth of 2.7% over the first eight weeks, but warned that renewed Covid-19 restrictions on hospitality venues impacted trading during the all-important holiday trading period.
Read moreMitchells & Butlers returns to profit but warns on costs
25th Nov 2021 07:03
(Sharecast News) - Mitchells & Butlers said it returned to profit after Covid-19 restrictions were lifted but the pub operator warned that rising energy costs and wages would affect its results in the current year.
Read morePub shares rally as chancellor announces 'draught relief'
27th Oct 2021 14:06
(Sharecast News) - Shares in pub chains rallied on Wednesday after Chancellor Rishi Sunak announced a new tax relief for pubs in the autumn Budget.
Read moreSunday share tips: Playtech, Mitchells and Butlers
3rd Oct 2021 19:09
(Sharecast News) - Playtech may not warrant the go-go valuations of its US peers - where deregulation has led to bumper profits - but it isn't worth just seven times current year profits, The Sunday Times's Jim Armitage argued.
Read moreMitchells & Butlers reports volatile, 'strengthened' trading
23rd Sep 2021 07:22
(Sharecast News) - Mitchells & Butlers reported volatile, but "generally strengthened" trading in the 18 weeks since most of its pubs reopened, particularly since restrictions in England were eased on 19 July.
Read moreThursday broker round-up
29th Jul 2021 16:28
(Sharecast News) - Wizz Air: HSBC downgrades to 'reduce' and lowers target price from 4,500.0p to 4,100.0p; JP Morgan keeps at 'overweight' and marks up target from 5,350.0p to 5,800.0p.
Read moreMitchells & Butlers sees 'volatile' trade since reopening
29th Jul 2021 08:38
(Sharecast News) - UK pub and restaurant group Mitchells & Butlers said sales had been "volatile" since reopening on May 17 with stronger demand in suburban outlets offsetting challenging conditions in city centres.
Read moreThursday broker round-up
20th May 2021 13:09
(Sharecast News) - BT Group: Berenberg downgrades to hold with a target price of 175p.
Read moreMitchells & Butlers losses widen as Covid shutters outlets
19th May 2021 07:50
(Sharecast News) - Harvester and All Bar One owner Mitchells & Butlers said interim losses widened as the Covid-19 pandemic and related lockdowns shuttered its estate.
Read morePubs and restaurants trade solidly post-lockdown - survey
26th Apr 2021 15:20
(Sharecast News) - Britain's pubs and restaurants made a solid start to post-lockdown trading in England after they were allowed to serve customers outdoors, a survey indicated.
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