All Mitchells & Butlers articles – Page 3
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Analysis & InsightM&B share price falls following H1 update
There was a mixed reaction from analysts following Mitchells & Butlers’ half year results statement yesterday, with the outlook on costs described as “bleak”
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InterviewsM&B: Browns could be the next Miller & Carter
If a trial Browns site in the suburbs is successful, the brand could be Mitchells & Butlers’ next growth vehicle, chief executive Phil Urban told MCA
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NewsFood props up sliding drink sales at M&B
Mitchells & Butlers reported like-for-like growth of 1% in the 28 weeks to 9 April 2022, versus FY19, with encouraging signs of sales recovery in its city centre sites
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NewsM&B names new non-exec and remuneration chair
Amanda Brown will join the board at the pub and restaurant business with effect from 4 July 2022 and will be appointed chair of the remuneration committee on the same date
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NewsMitchells & Butlers is left with a sweet hangover
M&B chief executive Phil Urban has long hoped that this will prove a big weekend for his 1,640-odd pubs, The Sunday Times reports
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InterviewsHero Award: Ian Cutler was ‘the conscience’ of M&B
In the latest of a series of articles profiling nominees for MCA’s Hero Award at the Retailers’ Retailer Awards, we speak to M&B CEO Phil Urban about why he nominated his head of safety
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NewsM&B feels impact of Omicron on Christmas trading
Mitchells & Butlers has reported a total sales decline of 5.2% for the year to date as the impact of Omicron had a noticeable impact on festive trading.
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NewsBoard changes at M&B
Susan Murray will be stepping down from her role as senior independent director at Mitchells & Butlers (M&B) at its 2022 Annual General Meeting.
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NewsLiberation among pubs forced to swap expensive ingredients
Hake and sirloin steak are among the ingredients seeing such large inflationary price increases that menu swaps are on the cards
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InterviewsM&B: ‘There is a lot of scope to expand our delivery offer’
Mitchells & Butlers has explored the launch of virtual brands, but for CEO Phil Urban, “the value will be in the known brands”
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NewsM&B returns to profit
Mitchells & Butlers has seen a return to profit and cash generation following the lifting of restrictions in July, despite a like-for-like sales decline of 9.6% in the full year to 25 September 2021.
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NewsM&B expands Uber Eats partnership
Toby Carvery, Miller & Carter, Harvester and Browns will be available for home delivery on the app
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NewsM&B reports ‘volatile but strengthening trade’
Mitchells & Butlers has reported like-for-like sales were 97% of pre-Covid levels, in the 18 weeks since 17 May, with the most recent eight weeks up to 104%.
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NewsUberEats: ‘Pubs are well positioned for changing delivery trends’
UberEats’ Sunjiv Shah says delivery has turned from a once in a while treat into habitual behaviour, with the market reaching a value of £11bn last year.
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NewsMitchells & Butlers experiences ‘volatile’ sales
Mitchells & Butlers is seeing ”signs of improvement” in trading following the easing of restrictions from July 19. Sales have been “volatile” since May 17, experiencing strong sales during the first five weeks, followed by slower than average trading, with city-centre sites most impacted.
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Analysis & InsightLounges to lead outlet growth
Loungers is forecast to be the standout brand performer in terms of outlet growth within the branded pub & bar restaurant segment according to Lumina Intelligence’s latest ODI (Operator Data Index) analysis.
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InterviewsM&B’s Bob Ivell: ‘I wouldn’t have wanted to do anything else’
Bob Ivell says he is often asked by friends why he hasn’t retired by now. For the Mitchells & Butlers (M&B) non-executive chairman, the answer is simple: ‘We have +1,700 of the best pubs and restaurants in the UK – why would I want to?’
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NewsM&B announces boardroom changes
Mitchells & Butlers has announced that Ron Robson, deputy chairman and nominated representative of the group’s largest shareholder, the Odyzean Group, will be retiring from the board at the end of July.
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InterviewsM&B: ‘If we can’t trade, government support must continue’
Mitchells & Butlers’ (M&B) chief executive Phil Urban, said he would rather trade with some restrictions for longer, rather than have stop-start trade if local lockdowns were to be imposed due to the Indian variant of Covid-19.
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NewsM&B in ‘strong competitive position’
Mitchells & Butlers made a loss before tax of £200m in the half year to 10 April, with only 14 weeks of restricted trading permitted during the period.