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Mitchells & Butlers PLC (MAB.L)

MAB.L on London Stock Exchange

260.30GBp
12 Dec 2017
Change (% chg)

0.80 (+0.31%)
Prev Close
259.50
Open
260.50
Day's High
260.80
Day's Low
258.00
Volume
14,578
Avg. Vol
495,462
52-wk High
280.00
52-wk Low
219.83

Latest Key Developments (Source: Significant Developments)

Mitchells & Butlers reports lower FY pretax profit of 77 mln stg
Thursday, 23 Nov 2017 02:00am EST 

Nov 23 (Reuters) - Mitchells & Butlers Plc ::FY PRETAX PROFIT 77 MILLION STG VERSUS 94 MILLION STG YEAR AGO.FINAL DIVIDEND 5 PENCEPER SHARE.FY ‍TOTAL REVENUE OF £2,180M (FY 2016 £2,086M)​.‍FY 2017 PROFIT BEFORE TAX OF £77M (FY 2016 £94M)​.FY 2017 ‍BASIC EARNINGS PER SHARE 15.1P (FY 2016 21.6P)​.‍FINAL DIVIDEND OF 5.0P RECOMMENDED​.‍IN FIRST 7 WEEKS OF NEW FINANCIAL YEAR LIKE-FOR-LIKE SALES HAVE GROWN BY 2.3%​.‍FULL YEAR LIKE-FOR-LIKE SALES A UP 1.8%​.  Full Article

Mitchells & Butlers says 51-weeks ‍total sales up by 2.9 pct
Thursday, 21 Sep 2017 02:00am EDT 

Sept 21 (Reuters) - MITCHELLS & BUTLERS PLC ::AS PREVIOUSLY ADVISED, MARGINS FOR FULL YEAR WILL BE BELOW LAST YEAR DUE TO INFLATIONARY COST PRESSURES.HAVE OPENED 13 NEW SITES AND COMPLETED 236 CONVERSIONS AND REMODELS IN FINANCIAL YEAR TO DATE.MARKET HAS BEEN MORE CHALLENGING IN RECENT WEEKS, PARTICULARLY GIVEN POOR WEATHER THIS YEAR WHICH SPECIFICALLY IMPACTED DRINK SALES​.‍TOTAL SALES HAVE INCREASED BY 2.9% IN YEAR-TO-DATE​.‍TOTAL LIKE FOR LIKE SALES GREW 1.8% IN 51 WEEKS TO SEPT. 16​.‍EXPECT TO DELIVER A FULL YEAR PERFORMANCE IN LINE WITH BOARD'S EXPECTATIONS​.  Full Article

Mitchells & Butlers says total sales up 3.1 pct year-to-date
Thursday, 27 Jul 2017 03:09am EDT 

July 27 (Reuters) - Mitchells & Butlers Plc :MITCHELLS & BUTLERS - TRADING SINCE HY HAS BEEN STRONG, WITH LIKE-FOR-LIKE SALES GROWTH OF 2.6% OVER 10-WK PERIOD CONTINUING MOMENTUM REPORTED AT HY.MITCHELLS & BUTLERS PLC - TOTAL SALES HAVE INCREASED BY 3.1% IN YEAR-TO-DATE.MITCHELLS & BUTLERS PLC - OPENED 13 NEW SITES AND COMPLETED 224 CONVERSIONS AND REMODELS IN FINANCIAL YEAR TO DATE.MITCHELLS & BUTLERS PLC - INCREASED COST PRESSURE IS EXPECTED TO LEAD TO MARGINS BEING LOWER THAN LAST YEAR.MITCHELLS & BUTLERS PLC - NOW REACHED AGREEMENT ON 2016 TRIENNIAL PENSIONS VALUATION WITH SCHEME TRUSTEES.MITCHELLS & BUTLERS - ON PENSIONS: AGREED DEFICIT OF £451M AS AT 31 MARCH 2016 WILL BE FUNDED BY UNCHANGED LEVEL OF CASH CONTRIBUTIONS (OF £46M PA INDEXED) TO 2023.MITCHELLS & BUTLERS PLC - ON PENSIONS: IN 2024, ADDITIONAL PAYMENT OF £13M WILL BE MADE INTO ESCROW, SHOULD FURTHER FUNDING BE REQUIRED AT THAT TIME.  Full Article

Mitchells & Butlers posts H1 pretax profit of 75 mln pounds
Wednesday, 17 May 2017 02:00am EDT 

May 17 (Reuters) - Mitchells & Butlers Plc :H1 pretax profit 75 million stg versus 83 million stg year ago.Interim dividend 2.5 penceper share.H1 like-for-like sales a up 1.6% at half year and up 1.9% a in first 33 weeks of year.H1 adjusted operating profit of £149m b (H1 2016 £156m).Interim dividend of 2.5p (H1 2016 2.5p).H1 total revenue of £1,123m (H1 2016 £1,096m).Consumer confidence has remained fragile throughout 2016 and 2017, whilst spending remains in growth, albeit at a slowing rate.H1 operating profit of £145m (H1 2016 £157m).There is clearly some caution over future demand.In UK, have seen headline inflation figures start to rise recently and, more specifically, wholesale food inflation.Cost outlook for year is unchanged from that set out in full-year results last November and continues to present a challenge.Continue to monitor own prices carefully; have carried out some price adjustments, including both price increases and price reductions in local mkts.Now not seeing same level of new openings as two years ago, but marketplace remains highly competitive.  Full Article

Mitchells & Butlers says total sales in 51 weeks of financial year down 0.8 pct
Thursday, 22 Sep 2016 02:00am EDT 

Mitchells & Butlers Plc : Close trading update . Like-For-Like sales increased by 1.8 pct in most recent 8 weeks, representing a continuation of improved trend both over time and relative to total eating-out market . Total sales in first 51 weeks of financial year fell by 0.8 pct. . Margins for full year will be below last year, as previously advised, particularly as a result of acceleration of investment in estate and wage inflation .So far this financial year we have converted or remodelled 244 sites, and opened 7 new sites..  Full Article

Mitchells & Butlers total sales in 43 weeks down 1.3 pct
Wednesday, 27 Jul 2016 02:00am EDT 

Mitchells & Butlers Plc : Total sales in first 43 weeks of financial year fell by 1.3% . Poor weather in June and euro 2016 have had an expected adverse impact but we are pleased to see an improving trend .Expect to have increased our investment programme to complete around 250 conversions and remodels in full year..  Full Article

UPDATE 2-Mitchells & Butlers pulls interim dividend, shares tumble

Nov 23 British pub operator Mitchells & Butlers posted a smaller full-year profit due to higher costs and said it would not pay an interim dividend in 2018, sending its shares down more than 12 percent in morning trade.