FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
Company
Mitchells & Butlers PLC
LON:MAB
Mitchells & Butlers PLC is an operator of managed pubs and pub restaurants. As of September 27, 2008, it had an estate of 1,993 sites located in the United Kingdom and 42 pub restaurants in Germany. The Company has two retail operating segments: Pubs & Bars, which focuses primarily on drink and entertainment-led sites, and Restaurants, which focuses on food and accommodation-led sites. It is also engaged in property development, which is undertaken by Standard Commercial Property Developments Limited. Its brands and formats include Sizzling Pub Co., Ember Inns, Cornerstone, Metro Professionals, Scream, Vintage Inns, Harvester, Toby Carvery, Crown Carveries, Premium Country Dining Group, Town pubs, O’Neill’s, Nicholson’s and Classic Pubs, All Bar One, Music bars and Browns. Its subsidiaries include Mitchells & Butlers Retail Ltd, Mitchells & Butlers Retail (No 2) Ltd, Mitchells & Butlers (Property) Ltd, Mitchells & Butlers Leisure Retail Ltd and Mitchells & Butlers Finance plc.
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Archive
No profit warning repeat hoped for from British Gas owner Centrica
Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
Forget gastropubs, ‘wet-led’ pubs are back on top once again
The latest industry data has shown that drink sales are still growing much more quickly than those of food
Archive
Marston's results to show benefits of World Cup and heatwave
The day ahead includes trading updates from Marston's and PageGroup
Archive
Retailers and recruiters in week ahead spotlight with results from N Brown, WH Smith, PageGroup and Hays
The week ahead sees updates from N Brown, WH Smith, Hays, PageGroup, Greggs, RPC Group and Marston's
Mitchells & Butlers sees in line annual profit as strong trade continues
M&B said total sales had increased by 0.5% in the year to date but that cost headwinds would lead to lower year-on-year margins
Record profits for Wetherspoon as Tim Martin urges parliament to reject Chequers deal
“If parliament votes to end tariffs and reject the 'Chequers Deal', consumers and business will benefit additionally by avoiding a cost of £39bn in respect of the EU 'divorce payment' - for which there is no legal obligation”
JD Wetherspoon pulled lower as Citi warns of “continued tough times” for UK consumers
Pub operators have been beset with various issues over the past year or two – weak consumer confidence and sky-high business rates – and Citi doesn’t see things changing any time soon
Investments and investor services
FTSE 100 closes deep in red as Turkey/US worries escalate
Footsie closed down 1.49%, or around 114 points, at 7,497 on the day
World Cup a double-edged sword for Mitchells & Butlers as drinks sales rise but food sales drop
Mitchells & Butlers warned that higher costs would hurt margins more than last year
Archive
FTSE 100 joins European stocks to close lower as trade worries weigh
FTSE 100 lost almost 77 points to close the day at 7,575, while FTSE 250 was also down, off over 252 points at 20,548
Archive
Bank of England widely expected to hike rates but will the decision be unanimous?
A month ago, a rate hike of a quarter of a point seemed nailed on. Most economists still think it is the most likely outcome but the decision may not be unanimous given some recent iffy economic data
Why Dixons Carphone, Just Eat and Sports Direct will be among the World Cup winners
The World Cup is just around the corner and it’s not just football fans getting excited, the tournament also tends to boost sales for a number of companies
Archive
Falanx Group higher as global security provider wins new contracts with UK Government
A look at some of the top risers and fallers in London on Wednesday
Marston’s and Mitchells & Butlers resilient in face of ‘Beast from the East’ but margin worries remain
Both pub chains managed to grow first-half sales but rising costs and stiff competition mean margins are coming under pressure
Investments and investor services
FTSE 100 closes higher as Wall Street struggles for direction
The UK blue-chip benchmark closed around 11 points higher at 7,334..
Archive
Boozy Wednesday in the City with Marston’s, Mitchells & Butlers and Bulmers maker C & C all due
It might not be Friday but it could be a messy one in the Square Mile nonetheless, particularly for the pub chains, which are likely to have felt the force of the ‘Beast from the East’
Mitchells & Butlers blames bad weather for slowdown in sales growth
Like-for-like sales rose 3.9% over the three-week festive trading period
FTSE 100 ambles to another high
The Footsie set another record closing level but it was not entirely storming ahead; most of the gain was down to bid stock GKN's 25% rise
Archive
Pubs and properties on the menu for Friday
Housebuilder Bovis and pub chain Mitchells & Butlers are both expected to update the market on Friday
Marston's shrugs off Brexit hurdles but Greene King and Mitchells & Butlers struggle
Brexit has hit the pub industry as a weaker pound pushes up input costs and higher inflation puts a squeeze on consumers
Archive
Greene King and Marston's results eyed as UK pub operators tackle rising costs
UK pubs are in focus on Thursday with results from Greene King and Marston's
Investments and investor services
FTSE 100 closes in red as sterling nudges higher; Glaxo top riser
It was an up then down day for the FTSE 100 and the Bitcoin cryptocurrency set new highs.
Archive
Pubs in focus again with updates from Marston's and Greene King eyed
The Week Ahead includes updates from pubs operators Marston's and Greene King, plus results from Britivc, Daily Mail & General Topps Tiles, and Pennon
Healthy gains for Tiziana Life Sciences, MedaPhor Group, and Premaitha Health
Some of the biggest risers and fallers in London on Thursday
Mitchells & Butlers full year profits drop on Brexit-driven inflationary cost pressures
Mitchells & Butlers does not intend to make an interim dividend payment for the current financial year
FTSE 100 closes down, dragged lower by Centrica PLC after dismal trading update
Market was subdued as US markets were closed for Thanksgiving
Archive
Trading news from British Gas owner Centrica eyed amid energy tariff reform
The day ahead includes a trading update from British Gas owner Centrica, full year result from pubs operators Mitchells & Butlers PLC, and interims from Mothercare PLC
Mitchells & Butlers sales up nearly 3% in the year-to-date although recent poor weather has impacted drink sales
In a pre-close season trading update, the FTSE 250-listed firm said its total sales increased by 2.9% year-on-year for the 51 weeks to 16 September 2017
FTSE 100 closes lower after lacklustre day; May's Brexit plan in focus
Attention now switches to Theresa May's speech on Brexit in Florence
Investments and investor services
Mitchells & Butlers expected to show a slowdown in sales
Capita is among the blue-chip names on Thursday's agenda.
HSBC cautious on UK pubs, calls time on Greene King and JD Wetherspoon ratings
In a sector review, the HSBC analysts said: “We can’t be sure of a consumer downturn, but do worry about the continued increase in costs and the ease with which this can be mitigated
Some froth knocked off Mitchells & Butlers' shares after trading update boost yesterday
A glance at some of the bigger risers and fallers today in London ...
FTSE 100 fagged out as US Food and Drug Administration targets nicotine levels in cigarettes
Despite the beating meted out to IMPs and BATs, the Footsie rallied in the last half hour to trim its heavy losses
Sales growth accelerates at Mitchells & Butlers
The All Bar One made hay while the sun shone in the 10 weeks to 22 July
Investments and investor services
FTSE 100 drifts off highs as US stocks make weak start
The FTSE 100 index was closed up 10.37 at 7,367 on Wednesday
BP ticks higher as shareholders back CEO's reduced pay at AGM
A look at some of the biggest London-listed risers and fallers today
Mitchells & Butlers shares fall as first half profits drop on rising inflation
The owner of All Bar One and Toby Carvery reported a drop in first half profit but revenue rose as it opened more sites and upgraded existing ones
FTSE 100 closes lower as Trump fears grow; Dow Jones crashes
The UK blue chip index closed down 18.56 points at 7,503
Archive
Mitchells & Butlers PLC running out of elbow room in the restaurant sector
Wednesday preview: Competition is hotting up in the pub grub sector for Mitchells & Butlers, while London house prices and lettings fees are cooling for Foxtons.
Greene King the pick of the pubs & restaurants sector, DB says
Deutsche Bank comes not to Bury St Edmunds, but to praise the Suffolk-based brewer
Barclays turns cautious on pubs operator Mitchells & Butlers amid worries about deteriorating cash flows
Analysts at the bank have cut their rating for M&B shares to ‘underweight’ from ‘equal-weight’ with an unchanged target price of 220p.
FTSE 100 shares mark 14th successive record close
FTSE 100 shares continued their solid rally and even if it was Friday the 13th it was the 14th successive record high close for the blue-chip ticker, built this time by the construction sector
Mitchells & Butlers up as pubs chains owner toasts “particularly strong” festive trading
The FTSE 250-listed group said like-for-like sales over the four weeks to January 7, covering the festive period, were up 4.7% year-on-year.
Archive
Day ahead: Pubs group Mitchells & Butlers to provide festive drinking glimpse
Consumer confidence and retail sales surveys recently have shown that eating and drinking out has continued to be a growing segment despite a high street slowdown.
All gone flat at Mitchells & Butlers for Numis
'Reduce' is the view with a 255p target price. Shares eased 5% to 259p.
Mitchells & Butlers returns to like-for-like sales growth
The Harvester restaurants owner is "driving an innovation agenda" and has come up with the idea of ... a rotisserie chicken chain!
FTSE 100 marks 5-week high on Fed-fuelled rally
London stocks ended at a five-week high on Thursday as investors took comfort from the Federal Reserve’s decision to hold off a US rate hike the previous day
Will Mitchells & Butlers whet investors' appetites?
Pub and bar owner to update the market ahead of full-year results
PREVIEW - Faroe Petroleum's portfolio in focus with interims
A look at some of the firms reporting in the week commencing September 19
Mitchells & Butlers plans overhaul as profits rise
Pub restaurant and bar group said pre-tax profits rose to £83mln from £75mln a year ago
PREVIEW: Royal Mail tipped to deliver the goods
Royal Mail expected to report revenues of £9.2bn and pre-tax profits of £410mln
Week ahead - Is Merlin on the right track?
Other updates come from paving specialist Marshalls, SSE Group, Thomas Cook Group PLC and Mothercare
Investors give cool reaction to oil supply freeze
Oil majors still rise and Weir Group gets boost from vague bid chatter
Talk of oil supply limits sends London shares higher
The FTSE 100 Index climbed on reports of oil talks while M&A talk in oil and pubs also provided interest
Mitchells & Butlers sees Christmas cheer tail off
Pub restaurant group said like-for-like sales in the 17 weeks to January 23 fell 1%
Thursday’s agenda – Traders look to raise a cheer for Marstons
Thursday sees big cap pub group Marston's report results.....
Mitchells & Butlers investors cheer reinstated divi
Investors in Harvester and Toby Carvery owner Mitchells & Butlers are toasting today after the group unveiled results, which beat market expectations for the full year, and reinstated a dividend payment...
Tuesday's agenda: James Bond to boost Cineworld's third quarter
Kingfisher and Cineworld will update on their respective third quarters on Tuesday
Week ahead: Osborne looks for spending cuts after Lords tax credit rejection
Kingfisher and Cineworld will catch the eye but George Osborne will be the headline maker next week
Archive
Broker spotlight: Oil groups slashed by Deutsche Bank as crunch looms
Deutsche Bank leads the way with a swathe of price target reductions across the mid-cap oil explorers and producers.
Investments and investor services
FTSE 100 ends under 6,000
In London, the FTSE 100 fared a little better, but not much, easing 2.8%, or 172 points to 5,935.
Archive
Most followed: VW, the AA, S & U, Mitchells & Butlers
It's been a bad day for VW and AA shareholders, and not a great one for axed Mitchells & Butlers boss Alistair Darby - although a £543,500 pay-off will ease the pain somewhat.
London stocks drop as miners weigh
The FTSE 100 dropped 99 points to 6,009 despite the US ending on a positive note.
Wet summer set to dampen profits at Mitchells & Butlers
Pub restaurant chain says full-year results likely to be at bottom of market hopes
Archive
Wednesday's agenda - Sky among the riders as results pour in
Wednesday sees a veritable clutch of results statements from some big guns....
Investments and investor services
Risers & Fallers including The Mission Marketing Group, ARM, Anglo, Independent Oil & Gas and more
Independent Oil & Gas got some much needed funding while Anglo American is hit by the iron ore price.
Hardware & electrical equipment
ARM expected to meet forecasts next week
ARM Holdings, Centrica, GKN, Wetherspoon, Afren and Gulf Keystone were all in Friday’s broker spotlight
Risers & Fallers: Jubilee Platinum, Rurelec, Strategic Minerals, Ferrum Crescent and more
Jubilee Platinum led the risers as it sold its smelter and power operations in South Africa for £5.8mln. Rurelec led the fallers.
Deutsche Bank takes a knife to 'Spoon's price target
The German bank has taken a stab at estimating how badly the profits of leisure firms will be hit by the new national living wage.
Investors ‘safe’ down the pub if Britain leaves Europe
Goodbody believes the sector would be a relative ‘safe haven’
Broker spotlight – Sports Direct, ABF Foods, Hayward Tyler ...
Sports Direct looks better value now versus its peers, RBC says