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Mitchells & Butlers PLC (MAB.L)

MAB.L on London Stock Exchange

262.20GBp
17 Jan 2018
Change (% chg)

-7.00 (-2.60%)
Prev Close
269.20
Open
268.40
Day's High
268.60
Day's Low
261.00
Volume
314,875
Avg. Vol
509,513
52-wk High
284.80
52-wk Low
219.83

Latest Key Developments (Source: Significant Developments)

Mitchells & Butlers says ‍Trading Through Core Three Week Festive Season Was Strong​
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Mitchells & Butlers Plc ::‍TRADING THROUGH CORE THREE WEEK FESTIVE SEASON WAS STRONG, WITH LFL SALES GROWTH OF 3.9%​.‍CHRISTMAS DAY WAS A RECORD TAKING DAY WITH LIKE-FOR-LIKE SALES GROWTH OF 5.4% AND 225,000 MEALS SOLD​.‍"OVER FULL 7 WEEK PERIOD SINCE OUR LAST UPDATE OUR SALES PERFORMANCE HAS BEEN ENCOURAGING"​."ALTHOUGH TRADING IMPACTED BY ADVERSE WEATHER PARTICULARLY IN RUN UP TO FESTIVE SEASON".MITCHELLS & BUTLERS - ‍ON AN UNADJUSTED BASIS, LIKE-FOR-LIKE SALES GROWTH IN YEAR TO DATE WAS 1.1% AND TOTAL SALES HAVE INCREASED BY 0.5%, IMPACTED BY DISPOSALS.ADJUSTED LIKE-FOR-LIKE SALES GROWTH WAS 1.6% OVER PREVIOUS 7 WEEKS AND 2.2% IN YEAR TO DATE.​.‍WE EXPECT TO COMPLETE AROUND 270 REMODELS AND CONVERSIONS IN FULL YEAR​.‍HAVE OPENED 2 NEW SITES AND COMPLETED 114 CONVERSIONS AND REMODELS IN FINANCIAL YEAR TO DAT​.  Full Article

Mitchells & Butlers reports lower FY pretax profit of 77 mln stg
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Mitchells & Butlers Plc ::FY PRETAX PROFIT 77 MILLION STG VERSUS 94 MILLION STG YEAR AGO.FINAL DIVIDEND 5 PENCEPER SHARE.FY ‍TOTAL REVENUE OF £2,180M (FY 2016 £2,086M)​.‍FY 2017 PROFIT BEFORE TAX OF £77M (FY 2016 £94M)​.FY 2017 ‍BASIC EARNINGS PER SHARE 15.1P (FY 2016 21.6P)​.‍FINAL DIVIDEND OF 5.0P RECOMMENDED​.‍IN FIRST 7 WEEKS OF NEW FINANCIAL YEAR LIKE-FOR-LIKE SALES HAVE GROWN BY 2.3%​.‍FULL YEAR LIKE-FOR-LIKE SALES A UP 1.8%​.  Full Article

Mitchells & Butlers says total sales in 51 weeks of financial year down 0.8 pct
Thursday, 22 Sep 2016 

Mitchells & Butlers Plc : Close trading update . Like-For-Like sales increased by 1.8 pct in most recent 8 weeks, representing a continuation of improved trend both over time and relative to total eating-out market . Total sales in first 51 weeks of financial year fell by 0.8 pct. . Margins for full year will be below last year, as previously advised, particularly as a result of acceleration of investment in estate and wage inflation .So far this financial year we have converted or remodelled 244 sites, and opened 7 new sites..  Full Article

Mitchells & Butlers total sales in 43 weeks down 1.3 pct
Wednesday, 27 Jul 2016 

Mitchells & Butlers Plc : Total sales in first 43 weeks of financial year fell by 1.3% . Poor weather in June and euro 2016 have had an expected adverse impact but we are pleased to see an improving trend .Expect to have increased our investment programme to complete around 250 conversions and remodels in full year..  Full Article

UPDATE 1-Pub firm Mitchells & Butlers posts rise in Christmas sales

Jan 12 British pub operator Mitchells & Butlers Plc said on Friday comparable sales in the three-week festive season rose 3.9 percent, kicking off the key Christmas period trading results from pub operators.