M&B close to £40m strike

Pub giant Mitchells & Butlers is on the verge of selling its ten-pin bowling chain for up to £40m. The pub group, which is led by chief executive Adam Fowle, has been in talks in recent weeks over the sale of its Hollywood Bowl division, which has 24 centres from Glasgow to Somerset. Privately-owned AMF is regarded as the frontrunner for buying the chain, but other parties are still involved. M&B, which operates the Harvester and Toby Carvery chains, is keen to sell off other ventures and concentrate on pubs and food.