Mitchells & Butlers (M&B), the managed pub operator, has reported like-for-like sales growth of 0.4% in the 14 weeks to 14 July, with sales hit by the poor weather and Euro 2012 but mitigated by a strong performance over the Jubilee.
Mitchells & Butlers (M&B) has reported a 2.7% rise in like-for-like sales in the 28 weeks to 7 April, driven by food sales, although profit before tax declined £1m to £42m due to exceptional operating costs totaling £20m.
Mitchells & Butlers (M&B), the managed pub operator, has reported a 6.5% rise in like-for-like sales in the nine weeks to 21 January, aided by improved weather over the Christmas period, although trading in January has been “more subdued”.
Joe Lewis, the largest shareholder in Mitchells & Butlers (M&B), has upped his stake in the managed pub operator for the second time in a week, further fuelling speculation that he will mount a further bid for the company next year.
Mitchells & Butlers has announced that three leading members of its operational team are to leave the company as part of plans to simplify its organisational structure under the leadership of Bob Ivell.
Stonegate Pub Company chairman Ian Payne revealed his private-equity backer TDR Capital funded the £370m acquisition of 333 Mitchells & Butlers (M&B) wet-led pubs entirely from its own resources after major banks had proved unforthcoming.
Everybody has a view on Bahaman billionaire Joe Lewis and his tenure on the share register of M&B. Last Thursday, at an Association of Licensed Multiple Retailers debate in Cambridge, former Novus chairman John Barnes was to be found among those not...
Billionaire Mitchells & Butlers (M&B) shareholder Joe Lewis has rebutted claims made in the Publican’s Morning Advertiser (PMA) leader last week, written by group editor The PMA Team, that claimed he is exerting a negative influence on the company.
The Bermudan billionaire Joe Lewis has been accused of trying to buy Mitchells & Butlers on the cheap after indicating that his Piedmont investment vehicle is thinking about tabling a 230p bid for the 77% of the company he does not own.