Mitchells of Lancaster: PBT up, investments due

Mitchells of Lancaster, the pub and hotel operator, saw pre-tax profits rise from £3,000 to £26,000 in the year to 26 February despite a fall in sales, and said it plans investments in key properties after a “period of constraint”.Turnover fell 9.8% to £9.3m, largely due to disposals; Mitchells placed ...