MARKET REPORT: Pub chain Mitchells & Butlers blames decline in Britons eating out on 'economic uncertainty' as shares plunge 8%



Shares in Mitchells & Butlers dived yesterday after the pub owner put its dividend payment on ice.
The firm, which owns Harvester, All Bar One and Toby Carvery, said economic and political uncertainty in the UK forced it to cancel its next payment.
Full-year profits dropped to £77million from £94million the year before, despite a small uplift in sales to £2.2billion, from £2.1billion.
Mitchells & Butlers recommended a final dividend of 5p per share but did not recommend an interim dividend for the current financial year, saying it would review the full-year payment once it had... read more

 
23 November 2017 in Business, Views: 80
Source: Daily Mail
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