Brokers still struggle to be positive about Mitchells & Butler, despite the pubs group turning its performance round since demerging from Six Continents in April last year. The shares rose steadily this year from 225p to 284p before dipping to 262p after management announced support for a ban on smoking in pub. But analyst Jamie Rollo, of Morgan Stanley, says that sales momentum is strong and "there is significant catch-up potential" because MAB generates 40p of sales per £1 invested, which is 25% below the sector. The Business 26/09/04 page 19 The Independent on Sunday 26/09/04 (Business) page 11