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Mitchells & Butlers

Trading update stated:

Margins for the full year will be below last year due to inflationary cost pressures
Have opened 13 new sites and completed 236 conversions and remodels in the financial year to date
During the year have disposed of 79 sites which did not fit into long-term estate plans, raising £46mln
Poor weather this year up against a sunny period last year which has specifically impacted drink sales
Encouragingly like-for-like sales growth continues to be ahead of the market

 

As 9.26am the stock was trading down c.4.41% at c.236.3p


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