Mitchells & Butlers News
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18-05-2012
Footsie finished not far off its low for the day after a lunch-time rally fizzled out.
18-05-2012
Revenue and profits at bourse operator London Stock Exchange came in ahead of expectations, with the group boasting of strong performances across all four of its business divisions, boosting the stock into the top spot.
18-05-2012
After hitting a low of 5,257 at around 10:30 Footsie clawed its way back up towards 5,300 for the rest of the morning session, encouraged by indications of a firm start on Wall Street, where all eyes will be on the Facebook flotation.
18-05-2012
Pubs group Mitchells & Butlers reported profit before tax (PBT) of 68m pounds (12.4p earnings per share) for the 28 weeks to April 7th; slightly ahead of Panmure Gordon´s forecast of 63m pounds (11.3p earnings per share), reflecting an 8m pound reduction in interest charges.
18-05-2012
Pubs group Mitchells & Butlers reported profit before tax of 68m pounds (12.4p earnings per share) for the 28 weeks to April 7th; slightly ahead of Panmure Gordon´s forecast of 63m pounds (11.3p earnings per share), reflecting an 8m pound reduction in interest charges.
18-05-2012
Pubs owner Mitchells and Butlers saw profits before tax subside slightly at the half year stage but at least the key metric of like-for-like sales (LFL) was going in the right direction.
18-05-2012
The increasing importance of pies rather than pints at Britain's pubs has been underlined by the interim results of Mitchells and Butlers.
18-05-2012
- Banks battered as Moody's cuts ratings on 16 Spanish lenders
- LSE says all divisions on growth path
- Defensive stocks provide some cheer
18-05-2012
City sources predict the FTSE 100 will open down 60 points from yesterday's close of 5,338, tracking US and Asian stocks lower as the ongoing crisis in Greece and renewed worries about Spain dent investor confidence across the globe.
17-05-2012
Struggling pubs group Mitchells and Butlers, in common with its peers, has been wrestling with rising costs and a challenging consumer environment, but unlike its peers has been doing so without the leadership of a Chief Executive Officer.
13-02-2012
Rioters set Athens ablaze last night as Greek MPs approved a harsh new austerity package aimed at keeping their country in the euro. Tens of thousands of demonstrators besieged Parliament while MPs neared the historic vote, which opens the way for a €1bn bailout by the EU and the IMF. Anarchists in crash helmets and black balaclavas smashed marble balustrades and threw rocks and petrol bombs at police. Riot officers responded with teargas and stun grenades as peaceful protesters fled. More than a dozen buildings, including the historic Attikon cinema and another cinema in a former Gestapo torture chamber, were set alight and battles between masked youths and police continued into the night, writes The Times.
10-02-2012
In the Times Tempus bangs the drum for one of his picks of the year: Vodafone. Yesterday, despite issuing a reasonable trading update the stock rose only 0.5%. Over the last 12 months the company is down 3%.
26-01-2012
Misys: Panmure Gordon cuts target from 335p to 295p, hold rating unchanged; Peel Hunt puts 250p target under review, hold rating kept; Merchant Securities initiates coverage with sell rating and 220p target.
26-01-2012
All Bar One and O'Neill's bar chains owner Mitchells and Butlers saw a pick-up in year-on-year like-for-like sales growth at the end of 2011, thanks, in part, to better weather at the end of 2011 than was experienced at the end of 2010.
26-01-2012
City sources expect the FTSE 100 to open up around 20 points from yesterday's close of 5,723 with Greece again in focus today as talks resume between private creditors and the government. Meanwhile, stocks surged on Wall Street last night after the Federal Reserve announced that the federal funds rate would stay low until late 2014.
06-01-2012
London closed comfortably below its best levels of the day despite better than expected US jobless data which had some market commentators crying 'foul'.
06-01-2012
Jupiter Fund Management was in the bottom spot of the FTSE 250 after Credit Suisse lowered the stock to neutral from outperform, as part of a wider reassessment of European asset managers.
06-01-2012
After a quiet start, London's leading shares have kicked on a bit, ahead of the release this afternoon of US jobs data for December.
06-01-2012
Footsie is barely changed in quiet trading, as traders await this afternoon's release of US jobs data for December.
25-11-2011
Atkins WS: UBS reiterates neutral, raises price target to 600p from 560p.
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