All Mitchells & Butlers articles – Page 6
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OpinionProperty, partnerships, people
The surprise £2.7bn bid for Greene King from Hong Kong-based property developer CK Asset Holdings certainly woke up August – not least because it immediately set off excited speculation about who might be next.
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NewsMorgan Stanley on Mitchells & Butlers
Mitchells & Butlers’ (M&B) sales will continue to outperform a gently improving UK pub market, believe analysts at Morgan Stanley.
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Analysis & InsightM&B – Much ado about branding
MCA market insight director Steve Gotham analyses data from MCA’s Eating Out Panel to pinpoint potential areas for improvement for some of Mitchells & Butlers’ key brands.
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NewsEgo Restaurants lines up two further sites
Ego Restaurants, the joint venture between 3Sixty Restaurants and Mitchells & Butlers, has lined up two further openings, taking it to 20 sites in total.
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News
Vasey swaps M&B for Zonal
Zonal has appointed Alison Vasey to the newly-created role of group product director, as it continues to strengthen its senior management team.
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OpinionAnalysts’ corner: Mitchells & Butlers
A material re-rating should lie ahead if the business continues to executive its operational improvement and de-leveraging plans, believe analysts at Berenberg.
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NewsSales up at Mitchells and Butlers
Mitchells and Butlers has said sales increased by 4.1% for the 43 weeks in the year to date, ending 27 July 2019. Over the same period it’s also opened six new sites and revamped 230 existing sites. It also said LFL sales for the ten-week period since its last announcement grew by 2.8%, a performance it said was “ahead of the market”.
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NewsM&B to add up to 200 electric car charging points
Mitchells & Butlers (M&B) is to deliver up to 200 rapid car charging points at its pubs and restaurants, through its new partnership with BP Chargemaster.
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OpinionAnalysts corner: M&B and Ei Group
Berenberg shares its latest thoughts on the performance of M&B and Ei Group, and how it’s affected their ratings.
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News3Sixty Restaurants lines up 18th Ego site with more on the way
3Sixty Restaurants has lined up its 18th Ego restaurant and bar as part of its joint-venture (JV) with Mitchells & Butlers (M&B) – a former M&B site, in Shadwell, West Yorkshire, MCA has learnt.
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NewsUrban: ‘New concept could be second string to our premium bow’
Mitchells & Butlers (M&B) is to trial a new concept in Harpenden next month, which it believes could add a second string to its bow of premium offerings, MCA has learnt.
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NewsM&B lfls up 4.1% in H1
Mitchells & Butlers has reported like-for-like sales (lfl) sales growth of 4.1% for the 28 weeks to 13 April 2019.
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OpinionAnalysts corner: Mitchells & Butlers
Ahead of its H1 results this Thursday, analyst Goodbody offers up its thoughts on what we could see from the pub, bar and restaurant operator’s update.
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NewsUrban: ‘We do the same things with 110 sites as we did with 30’
As part of the launch of the CGA Stone & River Brand Momentum report, Mitchells & Butlers’ chief executive Phil Urban talks about how the multi-branded operator has remained at the top spot despite the volatility of the market.
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NewsMitchells & Butlers appoints two independent non-execs
Mitchells & Butlers has appointed two new independent non-executive directors.
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NewsM&B under fire for lack of diversity on its board
Mitchells & Butlers (M&B) has come under fire from fund manager Aberdeen Standards Investment for ‘poor corporate governance and lack of boardroom diversity’, reigniting a shareholder conflict that dates back to 2010, according to Financial News.
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News
M&B Q1 lfls up 4.7%
Mitchells & Butlers has reported like-for-like sales (lfls) in its first quarter – to 5 January – up 4.7%, with total sales growing 5.1%.
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NewsM&B: JVs, virtual brands and surge pricing
Following yesterday’s full-year results announcement, MCA talks to Mitchells & Butlers chief executive Phil Urban. He discusses performance across its suite of brands, and why he sees joint ventures as the smartest form of M&A. He also says developing a virtual brand is on the company’s road map, talks about the rollout of order at table technology and the company’s work on flexing price during busy periods.
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NewsM&B FY lfls up 1.3%
Mitchells & Butlers has this morning announced like-for-like sales the year to 29 September up 1.3%, with a 2.2% rise in the past seven weeks.
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NewsAnalysts corner: Ei Group and M&B
Peel Hunt analysts Douglas Jack and Ivor Jones have given their views on next week’s updates from Ei Group and Mitchells & Butlers. On the former, they say that the disposal of the commercial properties estate and a return to EBITDA growth are likely to be landmarks for 2019. For M&B they expect to see H1’s trend of drink outperforming food, driven by spend per head, being repeated in H2.