All Mitchells & Butlers articles – Page 7
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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.
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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%.
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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.
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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.
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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.
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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.
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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.
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NewsM&B launches sustainable wine collection
Mitchells & Butlers has launched a sustainable range across its All Bar One estate.
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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.
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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%
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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.
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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
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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
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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.
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NewsRevolution appoints M&B’s Pitcher as new CEO
Revolution Bars Group has appointed Rob Pitcher, currently divisional director of Mitchells & Butlers, as its new chief executive.
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NewsHarvester targets “silent majority” for guest feedback
Mitchells & Butlers’ Harvester brand has seen an 18% hike in its number of guest promoters after trialling a scheme aimed at tapping into the “silent majority” of customers usually reluctant to give feedback.
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NewsALMR and BHA confirm merger to create UKHospitality
The Association of Licensed Multiple Retailers (ALMR) and the British Hospitality Association (BHA) have confirmed a planned merger to create UKHospitality.
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Analysts corner: Jack on M&B
Leading analyst, Douglas Jack, of Peel Hunt, gives his view on Mitchells & Butlers, saying that with like-for-like sales momentum starting to build, “the long-awaited positive catalyst is emerging”.
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NewsM&B Q1 lfls up 2.2%
Mitchells & Butlers has reported like-for-like sales up 2.2% in the 14 weeks to 6 January.
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Analyst corner: HSBC on M&B
Joseph Thomas of HSBC explains why he has a slight sense of unease over Mitchells & Butlers.