Proactiveinvestors Australia Mitchells & Butlers https://www.proactiveinvestors.com.au Proactiveinvestors Australia Mitchells & Butlers RSS feed en Tue, 07 Jul 2020 07:04:59 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) Mitchells & Butlers pushed into losses by coronavirus property hit https://www.proactiveinvestors.com.au/companies/news/923269/mitchells--butlers-pushed-into-losses-by-coronavirus-property-hit-923269.html Thu, 02 Jul 2020 06:43:00 +1000 https://www.proactiveinvestors.com.au/companies/news/923269/mitchells--butlers-pushed-into-losses-by-coronavirus-property-hit-923269.html Mitchells & Butlers tops up borrowing headroom in case pub recovery goes bad https://www.proactiveinvestors.com.au/companies/news/921771/mitchells--butlers-tops-up-borrowing-headroom-in-case-pub-recovery-goes-bad-921771.html Fri, 12 Jun 2020 10:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/921771/mitchells--butlers-tops-up-borrowing-headroom-in-case-pub-recovery-goes-bad-921771.html Mitchells & Butlers secures financing waiver extension to next month https://www.proactiveinvestors.com.au/companies/news/919782/mitchells--butlers-secures-financing-waiver-extension-to-next-month-919782.html Mon, 18 May 2020 08:25:00 +1000 https://www.proactiveinvestors.com.au/companies/news/919782/mitchells--butlers-secures-financing-waiver-extension-to-next-month-919782.html Pubs 'in precarious position' but JPMorgan upgrades Mitchells & Butlers https://www.proactiveinvestors.com.au/companies/news/918524/pubs--in-precarious-position--but-jpmorgan-upgrades-mitchells--butlers-918524.html Thu, 30 Apr 2020 11:25:00 +1000 https://www.proactiveinvestors.com.au/companies/news/918524/pubs--in-precarious-position--but-jpmorgan-upgrades-mitchells--butlers-918524.html Pub companies secure extra leeway from lenders to survive coronavirus lockdown https://www.proactiveinvestors.com.au/companies/news/917141/pub-companies-secure-extra-leeway-from-lenders-to-survive-coronavirus-lockdown-917141.html Tue, 14 Apr 2020 12:01:00 +1000 https://www.proactiveinvestors.com.au/companies/news/917141/pub-companies-secure-extra-leeway-from-lenders-to-survive-coronavirus-lockdown-917141.html Pub companies in survival talks with lenders despite government suppport https://www.proactiveinvestors.com.au/companies/news/915183/pub-companies-in-survival-talks-with-lenders-despite-government-suppport-915183.html Wed, 18 Mar 2020 07:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/915183/pub-companies-in-survival-talks-with-lenders-despite-government-suppport-915183.html Berenberg returns Mitchells & Butlers to ‘buy’ from ‘hold’ on valuation grounds after recent falls https://www.proactiveinvestors.com.au/companies/news/912436/berenberg-returns-mitchells--butlers-to-buy-from-hold-on-valuation-grounds-after-recent-falls-912436.html Fri, 07 Feb 2020 11:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/912436/berenberg-returns-mitchells--butlers-to-buy-from-hold-on-valuation-grounds-after-recent-falls-912436.html Mitchells & Butlers pub grub boosts Xmas sales https://www.proactiveinvestors.com.au/companies/news/910264/mitchells--butlers-pub-grub-boosts-xmas-sales-910264.html Thu, 09 Jan 2020 10:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/910264/mitchells--butlers-pub-grub-boosts-xmas-sales-910264.html Mitchells & Butlers froths up to 4yr high as stays ahead of peers https://www.proactiveinvestors.com.au/companies/news/907462/mitchells--butlers-froths-up-to-4yr-high-as-stays-ahead-of-peers-907462.html Wed, 20 Nov 2019 11:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/907462/mitchells--butlers-froths-up-to-4yr-high-as-stays-ahead-of-peers-907462.html Mitchells & Butlers continues to outperform the market as Brits are driven to drink https://www.proactiveinvestors.com.au/companies/news/903551/mitchells--butlers-continues-to-outperform-the-market-as-brits-are-driven-to-drink-903551.html Thu, 26 Sep 2019 09:18:00 +1000 https://www.proactiveinvestors.com.au/companies/news/903551/mitchells--butlers-continues-to-outperform-the-market-as-brits-are-driven-to-drink-903551.html Will Mitchells & Butlers and BoJo be crying into their beer? https://www.proactiveinvestors.com.au/companies/news/903486/will-mitchells--butlers-and-bojo-be-crying-into-their-beer-903486.html Thu, 26 Sep 2019 05:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/903486/will-mitchells--butlers-and-bojo-be-crying-into-their-beer-903486.html Mitchells & Butlers shares gain as Berenberg upgrades rating to 'buy' https://www.proactiveinvestors.com.au/companies/news/221633/mitchells--butlers-shares-gain-as-berenberg-upgrades-rating-to--buy--221633.html Thu, 06 Jun 2019 09:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221633/mitchells--butlers-shares-gain-as-berenberg-upgrades-rating-to--buy--221633.html Liberum doesn’t expect Mitchells & Butlers’ half-year profit surge to be a one-off https://www.proactiveinvestors.com.au/companies/news/220925/liberum-doesnt-expect-mitchells--butlers-half-year-profit-surge-to-be-a-one-off-220925.html Fri, 24 May 2019 08:45:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220925/liberum-doesnt-expect-mitchells--butlers-half-year-profit-surge-to-be-a-one-off-220925.html Mitchells & Butlers the toast of the City as first-half sales and profits soar https://www.proactiveinvestors.com.au/companies/news/220843/mitchells--butlers-the-toast-of-the-city-as-first-half-sales-and-profits-soar-220843.html Thu, 23 May 2019 07:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220843/mitchells--butlers-the-toast-of-the-city-as-first-half-sales-and-profits-soar-220843.html JP Morgan believes UK pubs sector may be a relatively ‘safe haven’ in an adverse Brexit scenario https://www.proactiveinvestors.com.au/companies/news/215815/jp-morgan-believes-uk-pubs-sector-may-be-a-relatively-safe-haven-in-an-adverse-brexit-scenario-215815.html Tue, 05 Mar 2019 12:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215815/jp-morgan-believes-uk-pubs-sector-may-be-a-relatively-safe-haven-in-an-adverse-brexit-scenario-215815.html Mitchells & Butlers grateful for mild December as it reports record Christmas trading https://www.proactiveinvestors.com.au/companies/news/212304/mitchells--butlers-grateful-for-mild-december-as-it-reports-record-christmas-trading-212304.html Thu, 10 Jan 2019 09:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212304/mitchells--butlers-grateful-for-mild-december-as-it-reports-record-christmas-trading-212304.html Snow and football World Cup dent profits at Mitchells & Butlers https://www.proactiveinvestors.com.au/companies/news/209740/snow-and-football-world-cup-dent-profits-at-mitchells-butlers-209740.html Thu, 22 Nov 2018 08:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209740/snow-and-football-world-cup-dent-profits-at-mitchells-butlers-209740.html Mitchells & Butlers sees in line annual profit as strong trade continues https://www.proactiveinvestors.com.au/companies/news/205852/mitchells-butlers-sees-in-line-annual-profit-as-strong-trade-continues-205852.html Thu, 27 Sep 2018 09:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205852/mitchells-butlers-sees-in-line-annual-profit-as-strong-trade-continues-205852.html World Cup a double-edged sword for Mitchells & Butlers as drinks sales rise but food sales drop https://www.proactiveinvestors.com.au/companies/news/202088/world-cup-a-double-edged-sword-for-mitchells-butlers-as-drinks-sales-rise-but-food-sales-drop-202088.html Thu, 02 Aug 2018 08:04:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202088/world-cup-a-double-edged-sword-for-mitchells-butlers-as-drinks-sales-rise-but-food-sales-drop-202088.html Mitchells & Butlers blames bad weather for slowdown in sales growth https://www.proactiveinvestors.com.au/companies/news/189937/mitchells-butlers-blames-bad-weather-for-slowdown-in-sales-growth-189937.html Fri, 12 Jan 2018 08:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189937/mitchells-butlers-blames-bad-weather-for-slowdown-in-sales-growth-189937.html Mitchells & Butlers full year profits drop on Brexit-driven inflationary cost pressures https://www.proactiveinvestors.com.au/companies/news/187696/mitchells-butlers-full-year-profits-drop-on-brexit-driven-inflationary-cost-pressures-187696.html Thu, 23 Nov 2017 10:36:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187696/mitchells-butlers-full-year-profits-drop-on-brexit-driven-inflationary-cost-pressures-187696.html Mitchells & Butlers sales up nearly 3% in the year-to-date although recent poor weather has impacted drink sales https://www.proactiveinvestors.com.au/companies/news/184357/mitchells-butlers-sales-up-nearly-3-in-the-year-to-date-although-recent-poor-weather-has-impacted-drink-sales-184357.html Thu, 21 Sep 2017 07:06:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184357/mitchells-butlers-sales-up-nearly-3-in-the-year-to-date-although-recent-poor-weather-has-impacted-drink-sales-184357.html Sales growth accelerates at Mitchells & Butlers https://www.proactiveinvestors.com.au/companies/news/181569/sales-growth-accelerates-at-mitchells-butlers-181569.html Thu, 27 Jul 2017 12:43:00 +1000 https://www.proactiveinvestors.com.au/companies/news/181569/sales-growth-accelerates-at-mitchells-butlers-181569.html Mitchells & Butlers shares fall as first half profits drop on rising inflation https://www.proactiveinvestors.com.au/companies/news/177913/mitchells-butlers-shares-fall-as-first-half-profits-drop-on-rising-inflation-177913.html Wed, 17 May 2017 13:14:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177913/mitchells-butlers-shares-fall-as-first-half-profits-drop-on-rising-inflation-177913.html Barclays turns cautious on pubs operator Mitchells & Butlers amid worries about deteriorating cash flows https://www.proactiveinvestors.com.au/companies/news/172558/barclays-turns-cautious-on-pubs-operator-mitchells-butlers-amid-worries-about-deteriorating-cash-flows-172558.html Thu, 02 Feb 2017 10:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/172558/barclays-turns-cautious-on-pubs-operator-mitchells-butlers-amid-worries-about-deteriorating-cash-flows-172558.html Mitchells & Butlers up as pubs chains owner toasts “particularly strong” festive trading https://www.proactiveinvestors.com.au/companies/news/171585/mitchells-butlers-up-as-pubs-chains-owner-toasts-particularly-strong-festive-trading-171585.html Fri, 13 Jan 2017 09:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/171585/mitchells-butlers-up-as-pubs-chains-owner-toasts-particularly-strong-festive-trading-171585.html All gone flat at Mitchells & Butlers for Numis https://www.proactiveinvestors.com.au/companies/news/169338/all-gone-flat-at-mitchells-butlers-for-numis-169338.html Tue, 22 Nov 2016 12:54:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169338/all-gone-flat-at-mitchells-butlers-for-numis-169338.html Mitchells & Butlers returns to like-for-like sales growth https://www.proactiveinvestors.com.au/companies/news/169323/mitchells-butlers-returns-to-like-for-like-sales-growth-169323.html Tue, 22 Nov 2016 08:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169323/mitchells-butlers-returns-to-like-for-like-sales-growth-169323.html Mitchells & Butlers gets late weather boost https://www.proactiveinvestors.com.au/companies/news/166289/mitchells-butlers-gets-late-weather-boost-166289.html Thu, 22 Sep 2016 06:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/166289/mitchells-butlers-gets-late-weather-boost-166289.html Mitchells & Butlers plans overhaul as profits rise https://www.proactiveinvestors.com.au/companies/news/126148/mitchells-butlers-plans-overhaul-as-profits-rise-126148.html Thu, 19 May 2016 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/126148/mitchells-butlers-plans-overhaul-as-profits-rise-126148.html Mitchells & Butlers sees Christmas cheer tail off https://www.proactiveinvestors.com.au/companies/news/121866/mitchells-butlers-sees-christmas-cheer-tail-off-121866.html Thu, 28 Jan 2016 08:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/121866/mitchells-butlers-sees-christmas-cheer-tail-off-121866.html Mitchells & Butlers investors cheer reinstated divi https://www.proactiveinvestors.com.au/companies/news/119636/mitchells-butlers-investors-cheer-reinstated-divi-119636.html Tue, 24 Nov 2015 11:51:00 +1100 https://www.proactiveinvestors.com.au/companies/news/119636/mitchells-butlers-investors-cheer-reinstated-divi-119636.html Wet summer set to dampen profits at Mitchells & Butlers https://www.proactiveinvestors.com.au/companies/news/110993/wet-summer-set-to-dampen-profits-at-mitchells-butlers-110993.html Tue, 22 Sep 2015 06:45:00 +1000 https://www.proactiveinvestors.com.au/companies/news/110993/wet-summer-set-to-dampen-profits-at-mitchells-butlers-110993.html Mitchells & Butlers to boost food offering after difficult quarter https://www.proactiveinvestors.com.au/companies/news/62095/mitchells-butlers-to-boost-food-offering-after-difficult-quarter-72608.html Thu, 25 Sep 2014 08:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/62095/mitchells-butlers-to-boost-food-offering-after-difficult-quarter-72608.html Mitchells & Butlers' LFL sales go ex-growth https://www.proactiveinvestors.com.au/companies/news/51749/mitchells-butlers-lfl-sales-go-ex-growth--61514.html A less than stout end to the year left the pub group's shareholders a little bitter, but brokers are leaving forecasts lagerly unchanged.

]]>
Thu, 26 Sep 2013 09:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/51749/mitchells-butlers-lfl-sales-go-ex-growth--61514.html
Mitchells & Butlers: JP Morgan Cazenove cuts 2011 EPS forecast for pub chain group https://www.proactiveinvestors.com.au/companies/news/25978/mitchells-butlers-jp-morgan-cazenove-cuts-2011-eps-forecast-for-pub-chain-group-31014.html Fri, 22 Jul 2011 11:12:00 +1000 https://www.proactiveinvestors.com.au/companies/news/25978/mitchells-butlers-jp-morgan-cazenove-cuts-2011-eps-forecast-for-pub-chain-group-31014.html Mitchells & Butlers delivers strong performance in first half: sees potential pressures ahead https://www.proactiveinvestors.com.au/companies/news/23841/mitchells-butlers-delivers-strong-performance-in-first-half-sees-potential-pressures-ahead-28461.html Fri, 20 May 2011 09:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/23841/mitchells-butlers-delivers-strong-performance-in-first-half-sees-potential-pressures-ahead-28461.html Mitchells & Butlers £373 million Pub Sale Flags Move into Food https://www.proactiveinvestors.com.au/companies/news/16843/mitchells-butlers-373-million-pub-sale-flags-move-into-food--20252.html Fri, 20 Aug 2010 07:07:00 +1000 https://www.proactiveinvestors.com.au/companies/news/16843/mitchells-butlers-373-million-pub-sale-flags-move-into-food--20252.html Mitchells & Butlers sells non-core 10 pin bowling chain for £39m https://www.proactiveinvestors.com.au/companies/news/16459/mitchells-butlers-sells-non-core-10-pin-bowling-chain-for-39m-19822.html Mon, 09 Aug 2010 10:24:00 +1000 https://www.proactiveinvestors.com.au/companies/news/16459/mitchells-butlers-sells-non-core-10-pin-bowling-chain-for-39m-19822.html Mitchells and Butlers says rebel Piedmont has not changed position ahead of AGM https://www.proactiveinvestors.com.au/companies/news/10090/mitchells-and-butlers-says-rebel-piedmont-has-not-changed-position-ahead-of-agm-12586.html Mon, 25 Jan 2010 14:41:00 +1100 https://www.proactiveinvestors.com.au/companies/news/10090/mitchells-and-butlers-says-rebel-piedmont-has-not-changed-position-ahead-of-agm-12586.html Mitchells and Butlers soars following strong Christmas trading statement https://www.proactiveinvestors.com.au/companies/news/9562/-mitchells-and-butlers-soars-following-strong-christmas-trading-statement-11979.html Fri, 08 Jan 2010 11:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/9562/-mitchells-and-butlers-soars-following-strong-christmas-trading-statement-11979.html Mitchells and Butlers vies for shareholder support as Piedmont nominates four new directors https://www.proactiveinvestors.com.au/companies/news/9137/mitchells-and-butlers-vies-for-shareholder-support-as-piedmont-nominates-four-new-directors-11492.html Thu, 17 Dec 2009 11:16:00 +1100 https://www.proactiveinvestors.com.au/companies/news/9137/mitchells-and-butlers-vies-for-shareholder-support-as-piedmont-nominates-four-new-directors-11492.html Mitchells and Butlers Calls Time On Four Directors in Piedmont revolt https://www.proactiveinvestors.com.au/companies/news/8689/mitchells-and-butlers-calls-time-on-four-directors-in-piedmont-revolt-10930.html Thu, 03 Dec 2009 10:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/8689/mitchells-and-butlers-calls-time-on-four-directors-in-piedmont-revolt-10930.html Trouble Brewing Among Mitchells and Butlers’ Investors https://www.proactiveinvestors.com.au/companies/news/8499/trouble-brewing-among-mitchells-and-butlers-investors--10714.html Mon, 30 Nov 2009 08:05:00 +1100 https://www.proactiveinvestors.com.au/companies/news/8499/trouble-brewing-among-mitchells-and-butlers-investors--10714.html Mitchells And Butlers reports strong full-year sales, but cost pressures dampen profits https://www.proactiveinvestors.com.au/companies/news/8409/mitchells-and-butlers-reports-strong-full-year-sales-but-cost-pressures-dampen-profits-10616.html Thu, 26 Nov 2009 08:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/8409/mitchells-and-butlers-reports-strong-full-year-sales-but-cost-pressures-dampen-profits-10616.html Mitchells & Butlers refutes capital injection https://www.proactiveinvestors.com.au/companies/news/1486/mitchells-butlers-refutes-capital-injection--2213.html
The FTSE 250 member was forced to issue a statement after its shares fell as much as 15% after it was suggested that its balance sheet was in need of fresh capital if it were to maintain its dividend policy. Mitchells & Butlers responded by pointing out that it had sufficient borrowing facilities in place already, continued to generate strong cash flow, had funding in place to support its dividend program and that trading within the group remained 'resilient'.
]]>
Wed, 19 Mar 2008 00:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/1486/mitchells-butlers-refutes-capital-injection--2213.html
Mitchells & Butlers hit by uncertainty over property joint venture https://www.proactiveinvestors.com.au/companies/news/834/mitchells-amp-butlers-hit-by-uncertainty-over-property-joint-venture-1309.html
The FTSE 100 pub group was hit by delays to a proposed joint venture with Robert Tchenguiz's R20 investment vehicle. The original proposal was for Mitchell's & Butlers to sell a 50% stake in its £4.5 billion property portfolio to free up value for shareholders. However the deal has been delayed to due turbulence in the global debt markets, which has seen a increase in credit spreads. Michells & Butlers also added that a debt hedging arrangement it had entered into to protect again possible increases in interest rates had a post-tax deficit of approximately £60 million.

On a more positive note, the company said that the introduction of new smoking bans in England and Wales had a "minimal discernable impact" on the overall sales trend. Like for like sales for the 11 weeks ending 28th July were up 3.5% on a same outlet basis, in line with expectations.







]]>
Thu, 02 Aug 2007 07:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/834/mitchells-amp-butlers-hit-by-uncertainty-over-property-joint-venture-1309.html