Mitchells & Butlers says football and beer beat food in Q3
2nd Aug 2018 08:34
(Sharecast News) - Pub and restaurant operator Mitchells & Butlers on Thursday said third quarter like-for-like sales growth was 0.9% as customers preferred World Cup football and beer to eating.
Read moreSpending on eating out remains resilient as inflation crunch looms
16th Feb 2017 10:33
(ShareCast News) - In the normally quiet month for the pubs and restaurant sector, sales data for January was positive overall and showed casual dining chains enjoying a continued recovery. Industry like-for-like sales grew 1.9% in January 2017 compared to 2016, according to the Coffer Peach Busi
Read moreMitchells & Butlers slumps on Canaccord downgrade
14th Feb 2017 10:04
(ShareCast News) - Pub group Mitchells & Butlers was under pressure after Canaccord Genuity downgraded the stock to 'hold' from 'buy' and cut the price target to 285p from 350p. The brokerage said M&B's reasonable return on invested capital and balance sheet strength rankings are not enough to offse
Read moreThursday broker round-up
2nd Feb 2017 09:07
(ShareCast News) - Hostelworld Group: Berenberg upgrades to Hold from Sell with a target price of 210p. Bellway: Citi reiterates Neutral with a target price of 2540p. Ferrexpo: Deutsche Bank reiterates Buy with a target price of 230p. Zoopla Property Group: Deutsche Bank reiterates Hold with a tar
Read moreRestaurants and pubs enjoy strong festive trading, Coffer Peach finds
19th Jan 2017 06:45
(ShareCast News) - UK pubs and restaurants enjoyed an equal uplift in trading over the Christmas and New Year period, as a bumper six weeks for London drove a second consecutive month's improvement. Data on the largest managed pub and restaurant groups over the six weeks to January 8 found a collect
Read moreMitchells & Butlers sees good growth over festive season
13th Jan 2017 07:06
(ShareCast News) - Pub operator Mitchells & Butlers issued a first quarter trading statement on Friday, covering the 15 weeks to 7 January, with like-for-like sales growth for the year-to-date improving to 1.7%. The FTSE 250 company's board said that was a continuation of the progress it reported ea
Read morePubs and restaurants bounce led by London, Coffer Peach survey finds
15th Dec 2016 09:48
(ShareCast News) - London led a rebound for the eating and drinking out sector in November, with good growth in pub sales and a return to annual growth for restaurants, but it was a case of glass-half-full outside the capital. The Coffer Peach Business Tracker found November like-for-likes sales gre
Read moreFTSE 250 movers: JD Sports slips on Channel 4's Rochdale allegations
14th Dec 2016 16:35
(ShareCast News) - The FTSE 250 index was modestly lower on Wednesday afternoon, led lower by a group of retail and leisure stocks. Rising retail star JD Sports was the biggest faller on Wednesday after a Channel 4 undercover investigation claimed to have found conditions in its Rochdale warehouse w
Read moreFTSE 250 movers: Up day for midcaps led by Rotork, BGEO and Mitie
22nd Nov 2016 13:35
(ShareCast News) - The FTSE 250 index joined the rest of the markets in an up-day on Tuesday, rising 0.93% to just shy of 17,700 by late afternoon led by rises in Rotork, BGEO and Mitie. Leading the rise was actuator maker Rotork as it let markets know that it expected full year sales will be toward
Read moreMitchells & Butlers FY profit and sales decline
22nd Nov 2016 09:38
(ShareCast News) - Pub group Mitchells & Butlers posted a drop in pre-tax profit for the 52 weeks ended 24 September as like-for-like sales fell and total revenue declined. Pre-tax profit fell to £94m from £126m the year before on total revenue of £2.09bn, down from £2.1bn. Meanwhile, like-for-like
Read moreTuesday broker round-up
25th Oct 2016 10:10
(ShareCast News) - Segro: Barclays keeps at overweight with a target price of 520p. Howden Joinery: Berenberg downgrades to hold, 450p target. Standard Chartered: Deutsche Bank reiterates sell with a 574p target. Cobham: UBS reiterates neutral with a 160p target. Cobham: Barclays reiterates equal
Read moreMitchells & Butlers recent trading boosted by weather but FY sales down
22nd Sep 2016 07:13
(ShareCast News) - Pub group Mitchells & Butlers reported a drop in full year sales but a rise in the most recent eight weeks of trading, as it reiterated that full-year margins will be below the previous year. In a pre-close trading update, the company said total sales in the 51 weeks to 17 Septemb
Read morePubs outdo restaurants again in August, Coffer Peach data shows
15th Sep 2016 09:27
(ShareCast News) - UK large pub and restaurant groups enjoyed better sales in August as Britain took advantage of better weather to eat and drink out. There was a 0.6% increase in like-for-like (LFL) sales at managed pubs, bars and restaurants, up from 0.3% last month, according to the monthly Track
Read moreMitchells & Butlers reports drop in third quarter sales
27th Jul 2016 09:02
(ShareCast News) - Pub operator Mitchells & Butlers reported on Wednesday a 0.7% drop in total like-for-like (LFL) sales in the third quarter, blaming wet weather in June and the Euro 2016. The owner of O'Neill's and All Bar One pubs said food LFL sales declined 1.5% in the 15 weeks to 23 June, whil
Read moreMonday broker round-up
4th Jul 2016 08:05
(ShareCast News) - Auto Trader: Barclays stays at equal-weight with a target price of 340p. Dignity: Berenberg reiterates buy with a 2825p target. Dixons Carphone: HSBC keeps at buy with a target price of 400p. Mitchels & Butlers: JP Morgan downgrades to neutral with a target of 240p. Diageo: Ber
Read more