Edition:
United States

Mitchells & Butlers PLC (MAB.L)

MAB.L on London Stock Exchange

260.00GBp
16 Nov 2018
Change (% chg)

-6.60 (-2.48%)
Prev Close
266.60
Open
265.60
Day's High
267.60
Day's Low
259.80
Volume
223,272
Avg. Vol
343,749
52-wk High
286.80
52-wk Low
221.40

Latest Key Developments (Source: Significant Developments)

Revolution Bars Says Appointment Of Rob PitcherAs New CEO
Thursday, 8 Feb 2018 02:00am EST 

Feb 8 (Reuters) - Revolution Bars Group Plc ::APPOINTMENT OF CHIEF EXECUTIVE OFFICER.APPOINTMENT OF ROB PITCHER, WHO WILL JOIN BOARD OF REVOLUTION BARS GROUP PLC AS ITS NEW CHIEF EXECUTIVE OFFICER.FOLLOWING ROB'S APPOINTMENT, KEITH EDELMAN WILL REVERT TO HIS PREVIOUS ROLE AS NON-EXECUTIVE CHAIRMAN.  Full Article

Mitchells & Butlers says ‍Trading Through Core Three Week Festive Season Was Strong​
Friday, 12 Jan 2018 02:00am EST 

Jan 12 (Reuters) - Mitchells & Butlers Plc ::‍TRADING THROUGH CORE THREE WEEK FESTIVE SEASON WAS STRONG, WITH LFL SALES GROWTH OF 3.9%​.‍CHRISTMAS DAY WAS A RECORD TAKING DAY WITH LIKE-FOR-LIKE SALES GROWTH OF 5.4% AND 225,000 MEALS SOLD​.‍"OVER FULL 7 WEEK PERIOD SINCE OUR LAST UPDATE OUR SALES PERFORMANCE HAS BEEN ENCOURAGING"​."ALTHOUGH TRADING IMPACTED BY ADVERSE WEATHER PARTICULARLY IN RUN UP TO FESTIVE SEASON".MITCHELLS & BUTLERS - ‍ON AN UNADJUSTED BASIS, LIKE-FOR-LIKE SALES GROWTH IN YEAR TO DATE WAS 1.1% AND TOTAL SALES HAVE INCREASED BY 0.5%, IMPACTED BY DISPOSALS.ADJUSTED LIKE-FOR-LIKE SALES GROWTH WAS 1.6% OVER PREVIOUS 7 WEEKS AND 2.2% IN YEAR TO DATE.​.‍WE EXPECT TO COMPLETE AROUND 270 REMODELS AND CONVERSIONS IN FULL YEAR​.‍HAVE OPENED 2 NEW SITES AND COMPLETED 114 CONVERSIONS AND REMODELS IN FINANCIAL YEAR TO DAT​.  Full Article

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

UPDATE 2-Marston's shares slip as profit forecast fails to impress

* Shares slip as analysts whittle down forecasts (Adds CEO comments, analysts' forecast, shares)