All Mitchells & Butlers articles – Page 5
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NewsM&B 'continues to outperform the market'
Mitchells & Butlers achieved like-for-like sales growth of 1.4% in August, as a result of the Eat Out to Help Out scheme and the reduction in VAT.
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Analysis & InsightMorgan Stanley on Mitchells & Butlers
M&B’s pubs are mostly large, branded, food-led, freehold in residential areas, so better able to cope with Covid-19 pressures and take share as supply exits. We want to be positive, but its securitised debt needs the PLC to inject cash to fund it, and it might need to replace PLC debt with equity.
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InterviewsM&B CEO Phil Urban: ‘People want to go out and be social again’
As social media storms go, it was up there with the silliest.
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NewsMitchells & Butlers: 'The fundamental strengths of our business remain'
Mitchells & Butlers has said that despite the significant financial impact of the coronavirus crisis, it is focused on emerging in a position of strength, “with the intention of continuing to build the business and outperform the industry.”
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NewsM&B extends lending facilities by £100m
Mitchells & Butlers has extended its lending facilities by £100m, giving it access to liquidity of £250m through to 31 December 2021.
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NewsM&B keeps reduces costs to keep estate ’secure and safe’
Mitchells & Butlers has material cash resources which it believes should be sufficient to fund obligations “well into the second half of the year”.
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Analysis & Insight
Morgan Stanley on M&B
Jamie Rollo of Morgan Stanley gives his verdict on Mitchells & Butlers’ latest update.
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Analysis & Insight
Goodbody on M&B, TRG, Marston’s
Mitchells & Butlers, Restaurant Group and Marston’s all seeing a significant impact from COVID-19
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NewsM&B has headroom to suffer ‘significant loss’
Mitchells & Butlers has provided a trading update in light of the Covid-19 outbreak, with like-for-like sales 0.9% for the 24 weeks to 14 March.
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NewsChoose brand before tech - M&B
Operators should choose technology solutions that compliment their brand’s DNA, rather than adopting tech because “it’s the right thing to do”, Mitchells and Butlers’ head of digital transformation told MCA’s Hostech conference.
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Analysis & Insight
Goodbody on Mitchells & Butlers
Like for like sales growth for the first 14 weeks of the year to the 4th of January was +2.6% (versus our H1 expectation of c.2.2%) with food +3.0% and Drink +1.8%. Implies growth of +3.5% in the most recent 7 weeks (Food +4% & Drink +2.7%). Total sales growth for the 14 weeks is +2.6%. The festive period showed good LFL sales growth of +5.6% over the three weeks, with +6.5% growth across the 5 key festive days.
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Analysis & InsightJ.P. Morgan Cazenove on Marston’s and M&B
After strong outperformance in 2019, we are moving MARS and MAB to Neutral, from Overweight, as the current share prices have now “caught up” to reflect the fundamentals, in our estimation. MAB’s operational performance inflected during 2019, and MARS largely resolved fears around its leverage and dividend sustainability. In addition, ...
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Analysis & InsightJ.P. Morgan and Goodbody on Mitchells & Butlers
Robust Q120 LFL represents comparison-adjusted acceleration
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NewsMitchells & Butlers “pleased” with performance
Mitchells & Butlers has released a trading update for the 14 weeks ending 4 January 2020. Like for like sales were up 3.5%, with “particularly strong sales growth” in food. Over the three-week festive period, like-for-like sales were up 5.6%. Total sales increased by 2.7% over the full year to date.
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OpinionAnalysts’ verdict: Berenberg on Mitchells & Butlers
Mitchells & Butlers shares are due a “pause for breath” believes analyst Berenberg.
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OpinionJP Morgan, Goodbody and Morgan Stanley on Mitchells & Butlers
Leading analysts share their views on Mitchells & Butlers (M&B) full year financial results, and how they stack up against forecasts.
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NewsPhil Urban: ‘Greene King deal vindication of why shareholders invested in us’
Mitchells & Butlers (M&B) will inevitably be touted as a potential target for M&A, but chief executive Phil Urban doesn’t see a takeover happening, he has told MCA.
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NewsMitchells & Butlers reveal “strong” performance
Mitchells & Butlers CEO Phil Urban has hailed a “strong” performance after the group revealed a rise in sales and profits. Sales were up 4% to £2,237m for the year ended 28 September 2019 with pre tax profits up 36% to £177m. Like for like sales were up 3.5%.
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NewsPret, TGI Fridays and M&B sign up with allergy app
Pret, TGI Fridays and Mitchells & Butlers have all teamed up with a new smartphone app to help people with allergies avoid food which could trigger them. The free app, called Dinepilot, allows consumers to filter meals based on 14 of the most common allergies, and it also ensures operators comply with food allergy management.
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NewsStrong drink sales drive M&B’s 3.3% lfls growth
Mitchells & Butlers (M&B) has continued to outperform the market in the eight weeks to 21 September, with like-for-like sales growing by 3.3%.