UK nightlife economy under pressure as venues struggle Business The UK’s nightlife industry, once a powerful driver of urban business, faces mounting pressures as shifting consumer habits, economic headwinds and regulatory challenges tighten the squeeze on late-night operators. Phil Urban, chief executive of one of the UK’s largest pub and bar chains, Mitchells & Butlers, has warned that the late-night segment is “the toughest [...]
Mitchells & Butlers: Profit at All Bar One owner jumps as Brits keep spending hospitality All Bar One owner Mitchells & Butlers has reported half-year profit ahead of the market despite significant cost headwinds. The All Bar One and Harvester owner told markets this morning that total revenue reached £1,454m in the 28 weeks ended April 12, up four per cent year on year. Operating profit rose 10 per cent to [...]
Pub giants allay fears of hospitality crisis despite higher wage bills hospitality Pub giants Mitchells & Butlers and Fuller, Smith & Turner have both expressed confidence as the firms adapt to higher wage bills, in a positive sign for an industry which warned of crisis last year. Mitchells, the owner of Harvester, Toby Carvery and All Bar One, reported like-for-like growth of 10.4 per cent over the [...]
Mitchells & Butlers: Shares rise at All Bar One owner as profit hits £164m May 22, 2024 Mitchells & Butlers said half-year profit soared as cost inflation eased, despite an "unavoidable" decline in pubs and restaurants over the last year.
Shareholder revolt at All Bar One owner Mitchells & Butlers as one in three vote against chairman January 23, 2024 Almost one in three shareholders in All Bar One owner Mitchells & Butlers voted against the reappointment of its chairman at the group's annual general meeting.
Mitchells and Butler: All Bar One owner lifts guidance as cost pressures ease January 17, 2024 All Bar One owner Mitchells and Butler (M&B) expects profits to be at the top end of forecasts as it cautiously cheered an end to tough cost pressures. The no-frills pub chain, which also owns Toby Carvery, said that like-for-like sales were up 7.7 per cent in the two months to January, over the Christmas [...]
Mitchells & Butlers: All Bar One owner toasts ‘record year’ despite battling high costs November 30, 2023 All Bar One owner Mitchells and Butlers (M&B) said that like for like sales grew to a record 9.1 per cent during the full year, as the chain toasts a strong performance. The no frills dining and pub chain, which also owns Toby Carvery, said that adjusted operating profit increased by 17.6 per cent, despite [...]
Mitchells & Butlers: All Bar One owner toasts soaring sales as costs ease September 28, 2023 All Bar One owner Mitchells & Butlers (M&B) said total group like-for-like sales were up 10.4 per cent on last year, as the bar and restaurant chain sees costs easing. M&B, which also owns Toby Carvery and O’Neill’s, said that food sales on a like-for-like basis grew 8.6 per cent wile drinks sales were up [...]
All Bar One owner toasts rising revenues as cost pressures start to ease July 27, 2023 Mitchells & Butlers (M&B) share price soared over five per cent this morning, as the pub and restaurant chain revealed a 9.7 per cent rise in revenues in the third quarter. The All Bar One owner was bolstered by a record breaking Fathers Day in June, with like-for-like sales in food and drink during the [...]
Tottenham could face Premier League quiz after Joe Lewis insider trading arrest July 26, 2023 Tottenham Hotspur could face questions from the Premier League and Uefa after former owner Joe Lewis was arrested in the US on more than a dozen insider trading charges. The Bahamas-based British billionaire, 86, is due to appear in court on Wednesday after being charged with 16 counts of securities fraud and three counts of [...]