Pubco feels the squeeze on margins as full year profits decline
Birmingham pubco Mitchells & Butlers is stressing the positives from a full year performance which shows increased revenues but a reduction in profits.
The business said it was still delivering value for shareholders despite strengthening economic headwinds and the squeeze on consumer spending.
Nevertheless, investors failed to be impressed and the group's shares dipped in early trading - down by 12% at one stage.
On a statutory basis, pre-tax profit for the year to September 30, 2017 was £77m (FY 2016 £94m), on sales o... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
