All Mitchells & Butlers articles – Page 7
-
NewsMitchells & Butlers appoints two independent non-execs
Mitchells & Butlers has appointed two new independent non-executive directors.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
NewsAnalysts corner: Mitchells & Butlers
Following Mitchells & Butlers pre close trading update yesterday, analysts from JP Morgan and Goodbody give their views on the company’s performance.
-
NewsM&B lfls up 1.2% YTD
Mitchells & Butlers (M&B) has reported like-for-like sales (lfls) on a reported basis up 1.2% in the 51 weeks to 22 September, with the final eight weeks seeing growth of 0.8%.
-
NewsM&B eyes further acquisitions for Miller & Carter
Mitchells & Butlers (M&B) is to slow down the rate of expansion for its Miller & Carter brand, now that the business has reached the 100-site mark.
-
News
Gilliland to step down from M&B board
Stewart Gilliland is to step down from the board of Mitchells & Butlers to focus on his roles as chairman of C&C Group and non-executive director at Tesco.
-
NewsEgo to open first site under M&B JV
3Sixty Restaurants has identified its first conversion of a Mitchells & Butlers pub since announcing a joint venture last month.
-
NewsM&B acquires Johnson’s stake in Ego
Mitchells & Butlers and 3Sixty Restaurants have formed a joint venture for the continued expansion of the Ego restaurant and bar chain.
-
NewsM&B Q3 lfls up 0.9%
Mitchells & Butlers has reported like-for-like sales up 0.9% for the 11 weeks to 28 July.
-
NewsM&B launches sustainable wine collection
Mitchells & Butlers has launched a sustainable range across its All Bar One estate.
-
NewsUrban on M&B’s “engine room”
MCA spoke to Mitchells & Butlers (M&B) chief executive, Phil Urban, on the back of yesterday’s half-year results. He discussed the next stage of the group’s transformation programme, including bolder pricing strategies on a local basis. He also talked about consolidation in the Stonehouse brand, further evolution of Harvester and the revival of O’Neill’s; as well as the scope for pay at table and delivery options.
-
News
M&B H1 lfls up 1.6%
Mitchells & Butlers has this morning reported a 1.6% increase in H1 like-for-like sales, with food sales up by 1.8% and drink sales by 1.4%
-
NewsM&B predicts cost headwinds of £50-60m per year
Mitchells & Butlers (M&B) is anticipating cost headwinds of £50-60m per year, on a like-for-like basis, said Tim Jones, chief financial officer.
-
News
Ex-M&B pair to become next Ei Group managed experts
A pair of ex-Mitchells & Butlers (M&B) employees are set to become the latest operators to team up with the Ei Group
-
News
M&B plans hotel opening for Miller & Carter
Mitchells & Butlers (M&B) is set to further test its Miller & Carter brand in new locations, with an opening planned within a hotel
-
News
M&B to exceed 1,300 apprentices this year
Mitchells & Butlers is aiming to exceed last year’s tally of 1,300 apprenticeships taken up, the group’s HR director has told MCA.