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Mitchells&Butlers


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UK Labour budget spares markets from another 'Liz Truss moment'

ANALYSIS-UK Labour budget spares markets from another 'Liz Truss moment' Labour's new budget brings mild relief to markets UK gilts yields up modestly, sterling, stocks rise Repeat of 2022 mini-budget fallout avoided - investors By Naomi Rovnick and Yoruk Bahceli LONDON, Oct 30 (Reuters) - UK markets were spared painful blows from the new Labour government's first budget on Wednesday, which announced 40 billion pounds of tax hikes to plug shortfalls but soothed jitters about public spending blow
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Pubs, bookies and builders drive budget bounce for UK mid-caps

UPDATE 1-Pubs, bookies and builders drive budget bounce for UK mid-caps Mid-cap stocks outperformed blue-chip index despite new tax rises Small cap stocks saw a significant boost, led by AIM index Banks, homebuilders, betting companies, and pubs benefited from budget measures Updates with comments, budget details; refreshes prices at 1522 GMT By Lucy Raitano LONDON, Oct 30 (Reuters) - UK mid cap stocks enjoyed a lift on Wednesday as market players deemed the new Labour government's first UK budg
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BRITISH BANK SHARES RISE, BARCLAYS UP 3.2%, NATWEST UP 1.8%, FTSE 350 BANK INDEX UP 0.8%

Pubs, bookies and builders drive budget bounce for UK mid-caps LONDON, Oct 30 (Reuters) - UK domestically-focussed stocks led a charge higher in London on Wednesday as UK finance minister Rachel Reeves 's first budget encouraged a rise particularly in shares of pubs, homebuilders and gambling platforms. At 1235 GMT, the mid-cap FTSE 250 .FTMC index was at a session high, up 0.9%, while the FTSE 100 .FTSE was down 0.4% and barely changed from the day's open.
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British pub groups gain after Reeves says will cut duty on draught alcohol

BUZZ-British pub groups gain after Reeves says will cut duty on draught alcohol ** British pub groups' shares gain after Finance Minister Rachel Reeves says UK will cut duty on draught alcoholic drinks in pubs by 1.7% ** Shares of Marston's MARS.L up 3%, while peers Mitchells & Butlers MAB.L and Young & Co's Brewery YNGa.L rise 1.3% and 5.2%, respe
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UK's Mitchells & Butlers gains on upbeat outlook

BUZZ-UK's Mitchells & Butlers gains on upbeat outlook ** Shares of Mitchells & Butlers MAB.L rise as much as 3% to 306p, stock among top pct gainers on FTSE 250 .FTSC index ** The pub group forecasts annual results at the upper end of market forecasts, buoyed by easing cost pressures despite flagging a slowdown in like-for-like sales growth in the fourth quarter of its fiscal year ** Co says net costs will reduce to about 55 mln pounds ($73.4 mln) in the financial year ending Sept.
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UK Stocks-Factors to watch on Sept 26

UPDATE 1-UK Stocks-Factors to watch on Sept 26 Adds news items, updates futures Sept 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.7%. * SCHRODERS: UK fund manager Schroders SDR.L said it had appointed a new finance chief and elevated its group investment chief to its board, the latest appointments as it seeks to reboot its performance.
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Mitchells & Butlers Posts Like-For-Like Sales Growth Of 5.2% Year To Date

BRIEF-Mitchells & Butlers Posts Like-For-Like Sales Growth Of 5.2% Year To Date Sept 26 (Reuters) - Mitchells & Butlers PLC MAB.L : PRE-CLOSE TRADING UPDATE LIKE-FOR-LIKE SALES GROWTH OF 5.2% YEAR TO DATE NET COST HEADWINDS WILL REDUCE TO C£55M THIS FINANCIAL YEAR REMAIN CONFIDENT IN DELIVERY OF A FULL YEAR RESULT AT UPPER END OF CONSENSUS EXPECTATIONS.
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UK's Mitchells & Butlers upbeat on annual results despite slowdown in Q4 sales growth

UPDATE 2-UK's Mitchells & Butlers upbeat on annual results despite slowdown in Q4 sales growth Adds share move in paragraph 2, details on sector peers in paragraphs 9 and 10 Sept 26 (Reuters) - UK's Mitchells & Butlers MAB.L forecast on Thursday annual results at the upper end of market forecasts, buoyed by easing cost pressures, after the pub group flagged a slowdown in like-for-like sales growth in the fourth quarter of its fiscal year.
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UK pub group Mitchells & Butlers Q4 like-for-like sales growth slows

UK pub group Mitchells & Butlers Q4 like-for-like sales growth slows Sept 26 (Reuters) - UK's Mitchells & Butlers MAB.L on Thursday reported a lower like-for-like sales growth rate in the fourth quarter, compared to the previous three quarters, partly hurt by an unseasonably wet summer period and disruptions caused by riots in August. However, the owner of the Toby Carvery, Harvester, and All Bar One brands said it was confident in delivering a full-year result at the upper end of consensus expe
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UK Stocks-Factors to watch on Sept. 26

UK Stocks-Factors to watch on Sept. 26 Sept 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.3%. * THAMES WATER: S&P and Moody's slashed the credit rating of Thames Water with both firms warning that it was fast running out of money and on the brink of default. * AI: U.S. private equity firm Blackstone BX.N has confirmed a $13.3 billion investment for an artificial intelligence data centre in northeast England, the British prime minister's
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