All Bar One owner Mitchells & Butlers complains of ‘significant uncertainty’ over energy bills next year December 7, 2022 Mitchells & Butlers has said “significant uncertainty” remains over the heftiness of its energy bill next year, as pub bosses have called for more financial aid. The All Bar One and Toby Carvery owner said its trading environment “remains very challenging,” as cost inflation headwinds were expected to be as much as 12 per cent [...]
Pint at London pub surges past £8 price amid sky-high inflation June 4, 2022 The average price of a pint has surpassed £8 at one London pub, for the first time, as historic levels of inflation have forced landlords to up prices across the country. The price tag of a drink has soared over 70 per cent since the financial crisis of 2008, according to data from insights firm [...]
All Bar One and O’Neills owner struggles to drive sales as inflation bites May 18, 2022 All Bar One and O'Neills owner Mitchells & Butlers feels the sting of inflation, with like-for-like sales growth of one per cent over the first half of the year compared to 2019 figures.
All Bar One owner reveals sales slump as Omicron keeps drinkers away January 13, 2022 All Bar One owner has revealed a slump in sales in the final eight weeks of 2021.
Suburban and food-led brands drive recovery for Mitchells and Butlers September 23, 2021 Harvester operator Mitchells and Butlers has said it has seen a stronger recovery in suburban and food-led brands. The pub group described sales as “volatile” since pubs were permitted to reopen for indoor trading in May, but said they had generally strengthened overall. Food-led and suburban brands had fared better than city boozers as customers [...]
Mitchells & Butlers suffers £200m loss as lockdown restrictions strangle pub group May 19, 2021 Sales at Mitchells & Butlers tumbled 79 per cent in the six months to 10 April, as coronavirus-led restrictions decimated operations at the pub group. The group, which owns Toby Carvery and All Bar One, recorded a loss before tax of £200m in the first half of its financial year. Revenue at the business fell [...]
All Bar One owner Mitchells & Butlers dealt bloody nose by investors over executive pay March 24, 2021 Mitchells & Butlers, the owner of All Bar One and Toby Carvery, has been dealt a blow by shareholders against executive pay plans and corporate governance. Nearly a fifth of investors – 17.5 per cent – opposed the pub chain’s remuneration policy at today’s annual general meeting. Meanwhile, around a quarter of shareholders opposed the [...]
Pub group Mitchells & Butlers seals £350m emergency cash raise March 11, 2021 Mitchells & Butlers today confirmed it has raised £350m in emergency funding after shareholders took control of the embattled pub group. The company, which owns Toby Cavery and All Bar One, raised £350.5m through an open offer that will see it issue 167m new shares. Mitchells & Butlers launched the cash raise last month after [...]
Mitchells & Butlers seeks £350m cash injection as major shareholders take control February 15, 2021 Major shareholders in Mitchells & Butlers (M&B), the owner of All Bar One and Toby Carvery, have taken control of the pub group as it seeks to raise £350m to keep it afloat. The firm said this morning that it intends to raise £350m through an underwritten fully preemptive open offer to address its “significant [...]
All Bar One owner Mitchells & Butlers sales slip after Eat Out to Help Out boost September 24, 2020 Pub chain Mitchells & Butlers today reported a drop in sales in September after enjoying a boost from the government’s discount meals scheme. The All Bar One owner posted a 1.4 per cent rise in like for like sales in August thanks to the Eat Out to Help Out scheme and a temporary reduction in [...]