Edition:
United Kingdom

Mitchells & Butlers PLC (MAB.L)

MAB.L on London Stock Exchange

251.40GBp
13 Dec 2018
Change (% chg)

-3.20 (-1.26%)
Prev Close
254.60
Open
256.00
Day's High
256.00
Day's Low
251.40
Volume
207,300
Avg. Vol
380,672
52-wk High
286.80
52-wk Low
230.60

Latest Key Developments (Source: Significant Developments)

Mitchells & Butlers FY LFL Sales Up 1.3 Pct
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Mitchells & Butlers PLC ::FY PRETAX PROFIT 130 MILLION STG VERSUS 77 MILLION STG YEAR AGO.FULL YEAR LIKE-FOR-LIKE SALES UP 1.3% AND UP 2.2% IN RECENT 7 WEEKS.FY TOTAL REVENUE OF £2,152M (FY 2017 £2,180M).  Full Article

Marston's FY Pub Sales Up 3.2 Pct, Turnover Rises 15 Pct
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Marston's PLC ::FY GROUP TURNOVER WAS UP 15% TO OVER £1.1BN.ANTICIPATE REPORTING FY UNDERLYING PROFIT BEFORE TAX OF AROUND £104 MILLION (2017: £100.1 MILLION).FY TOTAL PUB SALES INCREASED 3.2%, INCLUDING LIKE-FOR-LIKE SALES GROWTH OF 0.6%.IN MOST RECENT 10 WEEKS, LIKE-FOR-LIKE SALES WERE UP 1.6%.FY DESTINATION AND PREMIUM LIKE-FOR-LIKE SALES WERE 1.2% BEHIND LAST YEAR.AGREEMENT TO ACQUIRE 15 FORMER MITCHELL'S & BUTLERS' PUBS FROM APRIROSE, A PROPERTY INVESTMENT COMPANY.WILL INVEST ABOUT £4 MILLION POST DEAL WITH TARGET EBITDA OF AROUND £0.5 MILLION IN 2019 AND AT LEAST £1 MILLION IN 2020.EXPECT TO COMPLETE AND LEASE-FUND MITCHELL'S & BUTLERS DEAL IN FIRST HALF OF 2019.TAVERNS FY LIKE-FOR-LIKE SALES GROWTH OF 3.8% INCLUDING GROWTH OF 3.8% IN LAST 10 WEEKS..  Full Article

Mitchells & Butlers' Independent Director Stewart Gilliland To Step Down
Friday, 14 Sep 2018 

Sept 14 (Reuters) - Mitchells & Butlers Plc ::STEWART GILLILAND, WHO WAS APPOINTED AS SENIOR INDEPENDENT DIRECTOR IN FEBRUARY 2015, INFORMED OF HIS INTENTION TO STEP DOWN.BOARD COMMENCED PROCESS OF RECRUITMENT OF A REPLACEMENT FOR GILLILAND.  Full Article

Standard Life Investments Cuts Stake In Mitchells & Butlers To 12.97 Pct - Filing
Thursday, 31 May 2018 

May 31 (Reuters) - Filing::STANDARD LIFE INVESTMENTS CUTS STAKE IN MITCHELLS & BUTLERS TO 12.97 PERCENT FROM 13.97 PERCENT EARLIER - FILING.  Full Article

Mitchells & Butlers says ‍Trading Through Core Three Week Festive Season Was Strong​
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Mitchells & Butlers Plc ::‍TRADING THROUGH CORE THREE WEEK FESTIVE SEASON WAS STRONG, WITH LFL SALES GROWTH OF 3.9%​.‍CHRISTMAS DAY WAS A RECORD TAKING DAY WITH LIKE-FOR-LIKE SALES GROWTH OF 5.4% AND 225,000 MEALS SOLD​.‍"OVER FULL 7 WEEK PERIOD SINCE OUR LAST UPDATE OUR SALES PERFORMANCE HAS BEEN ENCOURAGING"​."ALTHOUGH TRADING IMPACTED BY ADVERSE WEATHER PARTICULARLY IN RUN UP TO FESTIVE SEASON".MITCHELLS & BUTLERS - ‍ON AN UNADJUSTED BASIS, LIKE-FOR-LIKE SALES GROWTH IN YEAR TO DATE WAS 1.1% AND TOTAL SALES HAVE INCREASED BY 0.5%, IMPACTED BY DISPOSALS.ADJUSTED LIKE-FOR-LIKE SALES GROWTH WAS 1.6% OVER PREVIOUS 7 WEEKS AND 2.2% IN YEAR TO DATE.​.‍WE EXPECT TO COMPLETE AROUND 270 REMODELS AND CONVERSIONS IN FULL YEAR​.‍HAVE OPENED 2 NEW SITES AND COMPLETED 114 CONVERSIONS AND REMODELS IN FINANCIAL YEAR TO DAT​.  Full Article

Mitchells & Butlers reports lower FY pretax profit of 77 mln stg
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Mitchells & Butlers Plc ::FY PRETAX PROFIT 77 MILLION STG VERSUS 94 MILLION STG YEAR AGO.FINAL DIVIDEND 5 PENCEPER SHARE.FY ‍TOTAL REVENUE OF £2,180M (FY 2016 £2,086M)​.‍FY 2017 PROFIT BEFORE TAX OF £77M (FY 2016 £94M)​.FY 2017 ‍BASIC EARNINGS PER SHARE 15.1P (FY 2016 21.6P)​.‍FINAL DIVIDEND OF 5.0P RECOMMENDED​.‍IN FIRST 7 WEEKS OF NEW FINANCIAL YEAR LIKE-FOR-LIKE SALES HAVE GROWN BY 2.3%​.‍FULL YEAR LIKE-FOR-LIKE SALES A UP 1.8%​.  Full Article

Photo

Brexit fatigue is driving Britons to drink, says pub chain Greene King

Britons are seeking a break from the endless Brexit debate by heading to their local for a pint, pub operator Greene King said on Thursday as it reported an increase in profit over the last six months.