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The Latest Breaking News from Mitchells Butlers

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

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

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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

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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

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.

Evening Standard

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’

The Independent UK

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.

Evening Standard

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

The Guardian - 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

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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

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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.

The Guardian - UK

Harvester and Toby Carvery owner says it will take £100m hit from tax changes

Mitchells & Butlers faces ‘cost headwinds’ because of rises in national minimum wage and employer NICs

The Independent UK

All Bar One owner M&B warns of price rises due to Budget cost woes

Mitchells & Butlers is facing around £23 million a year in extra costs from the rise in national insurance contributions alone.

The Independent UK

Central London pub adds £2 surcharge to pints ordered after 10pm

Consumer experts say this London pub is using underhand tactics to get customers to pay nearly £10 for a pint

The Guardian - UK

NICs rise will force businesses to close, warn hospitality bosses

More than 200 leading restaurant, pub and hotel companies say tax rises will cause ‘unprecedented damage’

The Guardian - UK

UK unions fear not all staff will get fair share as tip-sharing law comes into force

New rules mean 100% of gratuities are passed on, but Unite says some staff could still be left out of pocket

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