All Bar One owner Mitchells & Butlers sees shares slip as it takes the axe to its dividend after profit fall



Pub and restaurant group Mitchells & Butlers has seen 7 per cent wiped off the value of its shares this afternoon after announcing it is axing its next dividend.
The FTSE 250 listed group saw its annual pre-tax profits fall from £94million to £77million.
The owner of the All Bar One and Harvester chains, said current trading conditions posed an 'unprecedented level of challenge and uncertainty.'
The company's share price is currently down 7.05 per cent to 239.8p.  
Over the last year, Mitchells & Butler's like-for-like sales increased by 1.8 per cent. Drink sales rose 2.1 per cent,... read more

 
23 November 2017 in Business, Views: 56
Source: Daily Mail
Share:
  •  




    News Widget for Webmasters


    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
            1 2 3
    4 5 6 7 8 9 10
    11 12 13 14 15 16 17
    18 19 20 21 22 23 24
    25 26 27 28 29 30 31