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 [...]
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 [...]