Mitchells & Butlers Shares News & Articles

Mitchells & Butlers cans dividends to concentrate on pubs spruce-up and slashing debt

Pub operator Mitchells & Butlers (MAB) saw profits move marginally ahead in the latter six months of last year to 29 September, a welcome return to growth. But rising costs of food, drink, salaries and logistics continue to dampen performance overall. Operating profit, after stripping out a handful of one-off factors, slipped from £308m to £303m. That chimes with fairly lacklustre ...
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