Mitchells & Butlers

No truth in Clarke/Thorley reports, says Mitchells & Butlers

18-Feb-2008 By Hamish Champ

Mitchells & Butlers (M&B) has denied weekend press reports suggesting that chief executive Tim Clarke would play no part in the group should...

'Buyout firms want M&B shareholders to keep half the business'

18-Feb-2008

Blackstone and CVC Capital Partners, the private equity firms, are understood to be planning a bid for the pubs group Mitchells & Butlers that...

M&B scraps Vintage branding experiment

13-Feb-2008 By The PMA Team

Mitchells & Butlers is to reverse an experiment that has seen new Vintage openings "unbranded"

Mitchells & Butlers property deal still on the cards

11-Feb-2008 By Hamish Champ

A number of shareholders in Mitchell's & Butlers (M&B) are said to be still hoping for a property deal to revitalise the value of their...

Charity: Questions remain over M&B hedge

07-Feb-2008 By The PMA Team

MA deputy editor The PMA Team considers a disastrous 12 months for Mitchells & Butlers

City diary special: M&B

07-Feb-2008 By The PMA Team

Those hedge losses in layman's terms Last week's belated closure of the Mitchells & Butlers (M&B) hedge position - at a pre-tax cost of...

City expects Punch/M&B merger to go through

07-Feb-2008 By Hamish Champ

Despite Mitchells & Butlers (M&B) claiming it is 'open to offers', City experts expect shareholders to okay Punch Taverns' merger proposal,...

Punch Taverns proposes merging with Mitchells & Butlers

04-Feb-2008 By Hamish Champ

Punch Taverns has proposed merging with Mitchells & Butlers (M&B) to form a pubco nearly two thirds larger than its nearest rival.In a...

Mitchells & Butlers: the new S&N?

03-Feb-2008 By Hamish Champ

After M&B last week admitted to losing hundreds of millions of pounds in a hedge gone wrong (the most I ever lost in a hedge was a football), the...

Charity: Carvery is key to M&B gain

31-Jan-2008 By The PMA Team

MA deputy editor The PMA Team says the carvery is key to M&B's strategy again

M&B's £400m mess

31-Jan-2008 By The PMA Team

Mitchells & Butlers (M&B) finance director Karim Naffah has resigned after the company closed its controversial hedge position at a cost of...

M&B board given rough ride at AGM

31-Jan-2008 By The PMA Team

Mitchells & Butlers board given a rough ride at a stormy shareholder meeting

Mitchells & Butlers FD resigns

29-Jan-2008 By The PMA Team

M&B's Karim Naffah resigns after the company closed a hedge position at a cost of £274m

Tim Clarke says M&B could hit the acquisition trail

29-Jan-2008 By Hamish Champ

In spite of announcing losses of £274m today, Mitchells & Butlers (M&B) believes it can exploit the recent poor run of trading from its...

M&B now a takeover target, says City

29-Jan-2008 By Hamish Champ

Shares in Mitchells & Butlers (M&B) rose five per cent today despite the group revealing more than a quarter of a billion pounds-worth of...

Analyst: M&B situation is a monumental career-ending debacle

29-Jan-2008

A leading analyst has called the £274m post-tax loss incurred by Mitchells & Butler from the closure of its controversial hedge fund a...

Bullish M&B tighten the screw

07-Dec-2007 By The PMA Team

In May, Mitchells & Butlers (M&B) boss Tim Clarke was talking about the mounting pressure on middle-class incomes.

Tim Clarke defends Mitchells & Butlers' record

29-Nov-2007 By Hamish Champ

Mitchells & Butlers (M&B) chief executive Tim Clarke defended the record of the group's senior management today, after announcing a new...

Mitchells & Butlers remains committed to property deal

29-Nov-2007 By Hamish Champ

Despite posting a hedging loss of £180m over its proposed property joint venture with shareholder Robert Tchenguiz, Mitchells & Butlers...

M&B considering Real Estate Investment Trust

29-Nov-2007 By Mark Wingett

Mitchells & Butlers is giving "serious consideration" to converting to a Real Estate Investment Trust (Reit) in order to unlock the value of its...

'Punch Taverns lining up a merger with Mitchells & Butlers'

25-Nov-2007

Punch Taverns has approached investors in Mitchells & Butlers (M&B) about plans to mount a £5bn merger that would create Britain's biggest...

M&B's Karim Naffah gets board's "full support

27-Sep-2007 By Hamish Champ

Despite mounting hedge-related losses resulting from its postponed property joint venture with R20, Karim Naffah, Mitchells & Butlers' (M&B)...

M&B sees upturn after ban

27-Sep-2007

Mitchells & Butlers has reported an increase in like-for-like sales since the smoking ban was introduced. The company also said it would press on...

M&B opens first 'wireless' pub restaurant

25-Sep-2007

Mitchells & Butlers will open its first pub restaurant, designed to be as energy efficient as possible, at the Toby Carvery, Banbury. The pub...

Hedging losses rise to £140m at M&B

20-Sep-2007 By Mark Wingett mark.wingett@william-reed.co.uk

The hedging loss from Mitchells & Butlers's (M&B) postponed property joint venture (JV) with Robert Tchenguiz's R20 has increased to £200m...

M&B update on hedge position

17-Sep-2007

Mitchells & Butlers statement on press reports

M&B's £140m property deal loss

17-Sep-2007 By Hamish Champ

Shares in Mitchells & Butlers (M&B) plunged nearly five per cent to 589p this morning as the group fought back at weekend press claims that...

Critics question M&B's jv

09-Aug-2007 By The PMA Team

Management at Mitchells & Butlers (M&B) has come in for sharp criticism in the wake of the decision to put its joint-venture property...

Psychic grabs M&B by the crystal balls

09-Aug-2007

Snifter was fascinated this week by the story of an Ilford psychic, who says she was banned from her local after complaining when a woman ripped a...

Mitchells & Butlers pub plan on hold

02-Aug-2007 By The PMA Team

Mitchells & Butlers (M&B) has put on hold its plan to place most of its pub freeholds into a joint venture company owned in partnership with Robert Tchenguiz "until debt markets have improved".

M&B postpones £4.5bn property joint venture

02-Aug-2007 By Mark Wingett of M&C Report

Mitchells & Butlers has announced that it has postponed its proposed property joint venture with Robert Tchenguiz

City analyst slams Mitchells & Butlers

02-Aug-2007 By The PMA Team

A senior City analyst has claimed a question mark hangs over Mitchells & Butlers management's credibility after the halting of the joint venture...

Shares fall again following M&B property move

02-Aug-2007 By Hamish Champ

Greene King's shares fell today to their lowest point since October last year as the markets digested the postponement of Mitchells & Butlers'...

Mitchells & Butlers halts R20 joint venture

02-Aug-2007 By Hamish Champ

Shares in Mitchells & Butlers (M&B) fell 30p this morning after the managed pub group announced it was putting its £4.5bn property joint...

M&B's underage policy gets results

19-Jul-2007

Staff in Mitchells & Butlers (M&B) pubs are refusing service to 50,000 young people each month, thanks to the company's beefed up alco-hol...

M&B rolls out Cornerstone

28-Jun-2007 By The PMA Team

Mitchells & Butlers (M&B) is rolling out a new trading concept called Cornerstone after successful trials.

M&B hopes to sell 20 pubs for £20million

22-May-2007 By The PMA Team

Mitchells & Butlers (M&B) expects to sell around 20 pubs in the second half of its financial year in a move expected to raise £20m.

M&B blames SIA for fewer doorstaff

10-May-2007 By John Harrington john.harrington@william-reed.co.u

Mitchells & Butlers (M&B) security chief Andrew Nicholls has said that the new doorstaff licensing scheme has led to a shortage of...

Collyer: M&B joint venture an option

05-Apr-2007 By The PMA Team

Mitchells & Butlers (M&B) could follow the example of Tesco by creating a joint venture property company that crystallises property value but...

M&B could 'crystalise' property to release £950m

30-Mar-2007 By The PMA Team

Analyst says Mitchells & Butlers could follow Tesco by creating a joint venture property company but avoiding conversion to a real estate investment trust (Reit)

Mitchells & Butlers unruffled by Tchenguiz reports

19-Mar-2007 By Hamish Champ

Mitchells & Butlers is "on track" to update shareholders on its future plans, including whether or not to convert into a real estate investment...

Drink Pink as Ember Inns teams up with cancer charity

13-Mar-2007 By Lucy Britner

Ember Inns is urging customers to drink pink this month to help raise money for a breast cancer charity. Pub goers will raise a glass of rosé wine...

M&B conversions ahead of schedule

08-Feb-2007 By The PMA Team

Managed operator Mitchells & Butlers (M&B) is in line to complete the conversion of the former Whitbread pubs it bought last summer to its...

Mitchells & Butlers sees quiet start to 2007

01-Feb-2007 By Hamish Champ

Mitchells & Butlers (M&B) saw a slow build up to Christmas and has a seen quiet start to the New Year in some of its divisions, investors...

Much at stake for M&B's new steakhouse

18-Jan-2007

A lot rests on the trading success of the Dick Turpin, situated in less-than-inspiring Ilford in Essex. It's a former Beefeater that was converted to...