All Mitchells & Butlers articles – Page 7
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News3Sixty Restaurants lines up 18th Ego site with more on the way
3Sixty Restaurants has lined up its 18th Ego restaurant and bar as part of its joint-venture (JV) with Mitchells & Butlers (M&B) – a former M&B site, in Shadwell, West Yorkshire, MCA has learnt.
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NewsUrban: ‘New concept could be second string to our premium bow’
Mitchells & Butlers (M&B) is to trial a new concept in Harpenden next month, which it believes could add a second string to its bow of premium offerings, MCA has learnt.
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NewsM&B lfls up 4.1% in H1
Mitchells & Butlers has reported like-for-like sales (lfl) sales growth of 4.1% for the 28 weeks to 13 April 2019.
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OpinionAnalysts corner: Mitchells & Butlers
Ahead of its H1 results this Thursday, analyst Goodbody offers up its thoughts on what we could see from the pub, bar and restaurant operator’s update.
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NewsUrban: ‘We do the same things with 110 sites as we did with 30’
As part of the launch of the CGA Stone & River Brand Momentum report, Mitchells & Butlers’ chief executive Phil Urban talks about how the multi-branded operator has remained at the top spot despite the volatility of the market.
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NewsMitchells & Butlers appoints two independent non-execs
Mitchells & Butlers has appointed two new independent non-executive directors.
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NewsM&B under fire for lack of diversity on its board
Mitchells & Butlers (M&B) has come under fire from fund manager Aberdeen Standards Investment for ‘poor corporate governance and lack of boardroom diversity’, reigniting a shareholder conflict that dates back to 2010, according to Financial News.
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News
M&B Q1 lfls up 4.7%
Mitchells & Butlers has reported like-for-like sales (lfls) in its first quarter – to 5 January – up 4.7%, with total sales growing 5.1%.
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NewsM&B: JVs, virtual brands and surge pricing
Following yesterday’s full-year results announcement, MCA talks to Mitchells & Butlers chief executive Phil Urban. He discusses performance across its suite of brands, and why he sees joint ventures as the smartest form of M&A. He also says developing a virtual brand is on the company’s road map, talks about the rollout of order at table technology and the company’s work on flexing price during busy periods.
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NewsM&B FY lfls up 1.3%
Mitchells & Butlers has this morning announced like-for-like sales the year to 29 September up 1.3%, with a 2.2% rise in the past seven weeks.
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NewsAnalysts corner: Ei Group and M&B
Peel Hunt analysts Douglas Jack and Ivor Jones have given their views on next week’s updates from Ei Group and Mitchells & Butlers. On the former, they say that the disposal of the commercial properties estate and a return to EBITDA growth are likely to be landmarks for 2019. For M&B they expect to see H1’s trend of drink outperforming food, driven by spend per head, being repeated in H2.
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NewsAnalysts corner: Mitchells & Butlers
Following Mitchells & Butlers pre close trading update yesterday, analysts from JP Morgan and Goodbody give their views on the company’s performance.
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NewsM&B lfls up 1.2% YTD
Mitchells & Butlers (M&B) has reported like-for-like sales (lfls) on a reported basis up 1.2% in the 51 weeks to 22 September, with the final eight weeks seeing growth of 0.8%.
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NewsM&B eyes further acquisitions for Miller & Carter
Mitchells & Butlers (M&B) is to slow down the rate of expansion for its Miller & Carter brand, now that the business has reached the 100-site mark.
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News
Gilliland to step down from M&B board
Stewart Gilliland is to step down from the board of Mitchells & Butlers to focus on his roles as chairman of C&C Group and non-executive director at Tesco.
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NewsEgo to open first site under M&B JV
3Sixty Restaurants has identified its first conversion of a Mitchells & Butlers pub since announcing a joint venture last month.
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NewsM&B acquires Johnson’s stake in Ego
Mitchells & Butlers and 3Sixty Restaurants have formed a joint venture for the continued expansion of the Ego restaurant and bar chain.
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NewsM&B Q3 lfls up 0.9%
Mitchells & Butlers has reported like-for-like sales up 0.9% for the 11 weeks to 28 July.
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NewsM&B launches sustainable wine collection
Mitchells & Butlers has launched a sustainable range across its All Bar One estate.
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NewsUrban on M&B’s “engine room”
MCA spoke to Mitchells & Butlers (M&B) chief executive, Phil Urban, on the back of yesterday’s half-year results. He discussed the next stage of the group’s transformation programme, including bolder pricing strategies on a local basis. He also talked about consolidation in the Stonehouse brand, further evolution of Harvester and the revival of O’Neill’s; as well as the scope for pay at table and delivery options.