Archives for December 20, 2011

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Lewis ups stake in M&B again

By Mark Wingett

Joe Lewis, the largest shareholder in Mitchells & Butlers (M&B), has upped his stake in the managed pub operator for the second time in a week, further fuelling speculation that he will mount a further bid for the company next year.

Admiral reports "transformational year"

By Mark Wingett

Admiral Taverns, the 1,300-strong tenanted pub company, wiped a further £76.7m off its debt in the year to May 2011, as it trimmed its estate by 16.3% and reported a 6.9% rise in turnover per pub.