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 [...]
All Bar One owner Mitchells & Butlers falls to £121m loss during lockdown July 2, 2020 All Bar One owner Mitchells & Butlers said it sank to a £121m pre-tax loss in its half-year ending in April due to lockdown, it said today. The owner of more than 1,700 pubs, bars and restaurants around the UK, Mitchells & Butlers was forced to close all its outlets when lockdown began on 23 [...]
Pub companies: Is now the time to invest in a cheap pint? September 23, 2019 | City Talk Investors in Greene King are raising a glass in celebration after Hong Kong’s richest man, Victor Li, agreed to buy the UK’s largest publicly-listed pub and brewery company for £4.6 billion (including net debt). A unit of Li’s investment vehicle, CK Asset Holdings, has bid 850 pence per share – more than a 50 per [...]
Pub group Mitchells & Butlers faces “huge fine”, landlady and chef face jail time, over “toxic turkey” Christmas lunch death November 26, 2014 Pub group Mitchells & Butlers – which owns the All Bar One and O'Neill's chains – faces a huge fine, while a landlady and her chef could serve jail time after a woman died from eating toxic turkey at an Essex pub. Della Callagher died and 32 other diners became seriously ill after eating [...]
Mitchells & Butlers blames poor weather for August sales slump September 25, 2014 PUBS AND restaurants group Mitchells & Butlers reported a slight 0.6 per cent rise in like-for-like full-year sales yesterday in a trading update, due to mixed performance over the summer. Mitchells & Butlers, whose chains include Harvester and All Bar One, said sales in July were boosted by the World Cup, but that damp weather [...]
Mitchells & Butlers share price falls following damp August September 25, 2014 Mitchells & Butlers reported a 3.8 per cent increase in full-year sales in its pre-close trading statement for the year to 20 September, but added that sales were significantly lower in August than during the previous month. The pub and bar company, whose chains include Harvester and All Bar One, said sales in July [...]
Mitchells & Butlers pulls off £266m Orchid deal June 16, 2014 HARVESTER and All Bar One owner Mitchells & Butlers yesterday announced it has acquired rival pub operator Orchid Group for £266m in cash, in a deal that the firm expects will lead to a double digit boost to earnings. Orchid’s 173 pubs will join Mitchells & Butlers’ existing estate of 1,592 managed pubs and 52 [...]
Mitchells & Butlers nearing finish line in its bid to buy Orchid pubs May 29, 2014 A BEVY of All Bar Ones and Harvester pubs could soon be flooding the high street after owner Mitchells & Butlers announced it was nearing a deal to acquire a portfolio of pub sites from operator Orchid Group. M&B, which runs about 1,600 pubs and restaurants across the UK, said it was in exclusive talks [...]