All Mitchells & Butlers articles – Page 8
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NewsPhil Urban: ‘Greene King deal vindication of why shareholders invested in us’
Mitchells & Butlers (M&B) will inevitably be touted as a potential target for M&A, but chief executive Phil Urban doesn’t see a takeover happening, he has told MCA.
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NewsMitchells & Butlers reveal “strong” performance
Mitchells & Butlers CEO Phil Urban has hailed a “strong” performance after the group revealed a rise in sales and profits. Sales were up 4% to £2,237m for the year ended 28 September 2019 with pre tax profits up 36% to £177m. Like for like sales were up 3.5%.
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NewsPret, TGI Fridays and M&B sign up with allergy app
Pret, TGI Fridays and Mitchells & Butlers have all teamed up with a new smartphone app to help people with allergies avoid food which could trigger them. The free app, called Dinepilot, allows consumers to filter meals based on 14 of the most common allergies, and it also ensures operators comply with food allergy management.
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NewsStrong drink sales drive M&B’s 3.3% lfls growth
Mitchells & Butlers (M&B) has continued to outperform the market in the eight weeks to 21 September, with like-for-like sales growing by 3.3%.
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OpinionProperty, partnerships, people
The surprise £2.7bn bid for Greene King from Hong Kong-based property developer CK Asset Holdings certainly woke up August – not least because it immediately set off excited speculation about who might be next.
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NewsMorgan Stanley on Mitchells & Butlers
Mitchells & Butlers’ (M&B) sales will continue to outperform a gently improving UK pub market, believe analysts at Morgan Stanley.
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Analysis & InsightM&B – Much ado about branding
MCA market insight director Steve Gotham analyses data from MCA’s Eating Out Panel to pinpoint potential areas for improvement for some of Mitchells & Butlers’ key brands.
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NewsEgo Restaurants lines up two further sites
Ego Restaurants, the joint venture between 3Sixty Restaurants and Mitchells & Butlers, has lined up two further openings, taking it to 20 sites in total.
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News
Vasey swaps M&B for Zonal
Zonal has appointed Alison Vasey to the newly-created role of group product director, as it continues to strengthen its senior management team.
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OpinionAnalysts’ corner: Mitchells & Butlers
A material re-rating should lie ahead if the business continues to executive its operational improvement and de-leveraging plans, believe analysts at Berenberg.
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NewsSales up at Mitchells and Butlers
Mitchells and Butlers has said sales increased by 4.1% for the 43 weeks in the year to date, ending 27 July 2019. Over the same period it’s also opened six new sites and revamped 230 existing sites. It also said LFL sales for the ten-week period since its last announcement grew by 2.8%, a performance it said was “ahead of the market”.
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NewsM&B to add up to 200 electric car charging points
Mitchells & Butlers (M&B) is to deliver up to 200 rapid car charging points at its pubs and restaurants, through its new partnership with BP Chargemaster.
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OpinionAnalysts corner: M&B and Ei Group
Berenberg shares its latest thoughts on the performance of M&B and Ei Group, and how it’s affected their ratings.
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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.