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Evening Standard
Evening Standard
Business
Simon Hunt

Hope for pub trade as Mitchells & Butlers doubles sales and comes back into the black

Butlers Mitchells MB Phil Urban All Bar One Naked Wines

A branch of All Bar One whose owners Mitchells and Butlers have returned to profit (M&B/PA)

(Picture: PA Media)

Fresh signs of hope emerged for the embattled pub trade today as one of the industry’s biggest names said it was back in profit after a revival in trade and increasingly optimistic about the future.

Mitchells and Butlers, which operates dozens of All Bar One and O’Neill’s pubs across London, posted pre-tax profits of £8 million for the year to September, compared with last year’s loss of £42 million, while sales more than doubled to £2.2 billion.

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