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The Latest Breaking News from Mitchells Butlers

FTSE 100 falls as Middle East war intensifies

Brent oil topped 100 dollars a barrel on Thursday for the first time since May.

The Independent UK

Toby Carvery and Miller & Carter sell fewer steak and carvery meals thanks to heatwave

Pub and bar giant Mitchells & Butlers (M&B) has reported a slump in food sales recently, attributing the decline to hot summer weather.

The Independent UK

Mitchells & Butlers says hot weather hit demand at carveries and steakhouses

Food sales across the group fell by 2.4% over the period.

Evening Standard

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London cafe in legal battle with restaurant chain over ‘Eat Drink Work’ slogan

Subsidiary of FTSE 250 company says Coffee Studio’s ‘Eat Drink Work’ phrase too similar to trademark

The Guardian - UK

Toby Carvery and council end legal dispute over felling of ancient oak in north London park

The restaurant chain’s owners apologise and agree to fund 1,000 new trees after cutting down of 500-year-old tree sparked outrage

Evening Standard

Mitchells & Butlers H1 Earnings Call Highlights

Mitchells & Butlers (LON:MAB) said first-half trading remained ahead of the wider market, with management pointing to resilient sales, cost controls and balance sheet progress despite weaker second-quarter momentum and significant inflationary pressures. Chief Executive Officer Phil Urban said

MarketBeat

Ancient oak tree was healthy when it was cut down by Toby Carvery restaurant, report finds

A report by Forestry Commission found no signs of serious disease in the oak

Evening Standard

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Ancient oak felled by Toby Carvery in Enfield was alive when it was cut down, investigation finds

The ancient tree was standing during the time of the Gunpowder Plot 400 years ago

Evening Standard

London council seeks to evict Toby Carvery over felling of ancient oak tree

The felling of the 500-year-old tree has left locals in the north London town ‘devastated’

Evening Standard

Toby Carvery owner faces eviction from north London site for felling ancient oak

Felling of 500-year-old oak has provoked fury from public and Enfield council, which leases land to Mitchells & Butlers

The Guardian - UK

Pub owners M&B and Fuller’s cheer ‘exceptionally strong’ Christmas

Both companies saw shares tick higher in early trading on Thursday after revealing increased sales in recent weeks.

Evening Standard

Toby Carvery owner hikes menu prices as it faces £130 million bill

Mitchells & Butlers said rising steak prices had impacted its eateries and Miller & Carter restaurants

The Independent UK

Surging steak prices deliver cost hit for Toby Carvery owner

Mitchells & Butlers said steak prices have soared by nearly a third.

Evening Standard

All Bar One owner cautions over £130m cost hit as wage and food bills soar

The firm reported pre-tax profits rising by a fifth to £238 million in the year to September 27, despite an extra £100 million of costs.

The Independent UK

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Evening Standard

FTSE 100 Live 28 November: Pub chain surges despite cost pressure, Whitbread shares fall

The owner of Harvester and All Bar One is the toast of investors after posting better-than-expected results.

The Independent UK

Toby Carvery owner celebrates results after hot weather brings in bumper customers

Bosses said they were encouraged by the performance ‘despite well-publicised cost inflation challenges facing the sector’

Evening Standard

Toby Carvery owner says sales to hit ‘top end’ of guidance amid hot weather

Mitchells & Butlers, which also runs Harvester and Miller & Carter venues, said like-for-like sales grew by 5% over the quarter to July 19.

The Guardian - UK

Tough times loom for night-time economy as young Britons opt to go out (and go home) early

Mitchells & Butlers pubco boss says home delivery boom and social media have changed attitudes to going out late

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The Independent UK

Nightclub market shrinking as younger people stay at home, says pub boss

Phil Urban, the chief executive of Mitchells & Butlers, said the group would not look to grow in that market because of the challenges it faces.

The Independent UK

Toby Carvery owner toasts higher sales as pubs lead the way

Mitchells & Butlers chief executive Phil Urban said the company is ‘working hard’ to mitigate higher costs.

The Guardian - UK

Council leader accepted Spurs tickets days before felling of ancient oak

Enfield’s Ergin Erbil under pressure to recuse himself from decisions over football club’s property plans

Evening Standard

Toby Carvery boss apologises for ‘upset caused’ by felling of centuries-old tree

The tree was cut down in Whitewebbs Park, north London on April 3.

Evening Standard

Toby Carvery owner apologises after ancient oak tree felling in north London

The cutting down of the tree has been compared to that of the landmark Sycamore Gap tree

Evening Standard

Everything we know about the felling of Enfield's ancient oak tree: cause, consequences and reactions

Toby Carvery's decision to cut down a centuries-old oak tree in Enfield has led to public anger and an investigation into its legality

Evening Standard

Toby Carvery under fire over felling of centuries-old tree in north London

The tree, which has a girth of 6.1 metres, is located in near the Whitewebbs House Toby Carvery car park.

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