311.60p+0.80 (+0.26%)12 May 2021, 18:10
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Mitchells & Butlers PLC Shares News & Articles

Pubs-owner Mitchells & Butlers to raise £350 million in deeply discounted cash call

Pubs group Mitchells & Butlers (MAB) plans to raise £350 million of extra funding as it struggles to cope with the extended lockdown. The All Bar One and Nichols bars owner will issue 167 million new shares at 210p via a pre-emptive open offer to all shareholders. But the cash call will represent a massive 36% discount to Friday’s closing price, illustrating the crushing impact that ...

FTSE fails to make headway as AstraZeneca vaccine disappoints, pubs rally on reopening hopes

London’s FTSE 100 struggled to make headway on Monday, creeping into the red by the close on news the coronavirus vaccine developed by Oxford University, and to be manufactured by pharmaceutical giant AstraZeneca (AZN), has been shown to be 70% effective in protecting people against Covid-19. This effectiveness is less than the 95% protection shown by the Moderna and Pfizer/BioNTech ...
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