All Mitchells & Butlers articles – Page 4
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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.
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InterviewsM&B’s Bob Ivell: ‘We have been at the mercy of the government’
Unlike the economic damage done by recessions, the hospitality has had no control over its destiny during the pandemic, according to Bob Ivell, non-executive chairman at Mitchells & Butlers (M&B), and winner of the Lifetime Achievement Award at MCA’s Retailers’ Retailer Awards.
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NewsBeer supply is ‘patchy’ in areas but not ‘critical’
Mitchells & Butlers and Greene King have found that the supply of certain beer brands – namely Birra Moretti on draft – has been “patchy” but it not causing a huge problem yet, attendees of MCA’s The Conversation heard.
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NewsGreene King: ‘Majority of orders are through our app’
Greene King has seen usage levels of its app soar since reopening, with 70% of its orders being submitted by guests through the technology, chief executive Nick Mackenzie told MCA’s The Conversation.
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InterviewsPhil Urban: Outdoor trading ‘lifts the spirits’
Mitchells & Butlers CEO Phil Urban has hailed the euphoria of customers being able to go out and mix with friends after months of lockdown.
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EventsRetailer’s Retailer Awards 2021 winners
The best of the best in the hospitality industry were recognised at MCA’s 2021 Retailer’s Retailer Awards, which were broadcast live on 11 March.
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NewsM&B’s Bob Ivell awarded Lifetime Achievement
Mitchells & Butlers chairman Bob Ivell, known as one most experienced and successful leaders the modern pub and restaurant sector has ever known, has been awarded MCA’s Lifetime Achievement at the Retailer’s Retailer Awards.
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NewsM&B completes £350m fundraise
Mitchells & Butlers has completed its capital fundraise, securing gross proceeds of £350.5m from shareholders.
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NewsState aid cap upped to £10.9m
The state aid cap on government grants has been raised to £10.9m, Paul Scully, the minister for business, consumers and labour markets has confirmed.
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News‘As good as could be expected’ - operators react to the Budget
In what is now a well-worn routine, Boris Johnson was last week the bearer of bad news, announcing a much slower than preferred roadmap reopening, with hospitality apparently at the end of the queue.
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NewsM&B: £351m fundraise critical for future
Mitchells & Butlers has set out further details of its plans to launch of an open offer to raise up to £351m.
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NewsExtension of JV arrangements for Ego Restaurants
Mitchells & Butlers (M&B) has reached an agreement with James Horler, CEO of 3Sixty Restaurants, and its other shareholders, to continue with the joint venture arrangements, in relation to the development of Ego Restaurants, for a further period.
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Analysis & InsightPeel Hunt ups target price for M&B after share announcement
Analyst Peel Hunt has increased its target price for Mitchells & Butlers (M&B) from 275 pence per share to 325p and changed its recommendation from Add to Hold.
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NewsM&B to raise £350m from shareholders
Mitchells & Butlers has made strides to ease its significant lockdown cash burn through an equity raise and unsecured revolving credit facility.
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