Mitchells & Butlers holds up well over summer
Pubs owner Mitchells and Butlers said like-for-like (LFL) sales increased three per cent the nine weeks to September 15th as the Olympic and Paralympic Games had little impact on overall sales.
Pubs owner Mitchells and Butlers said like-for-like (LFL) sales increased three per cent the nine weeks to September 15th as the Olympic and Paralympic Games had little impact on overall sales.
Total LFL sales for the 51 weeks to September rose 2.1% with food sales up 2.9% and drink sales up 1.4%.
Mitchells & Butlers said some businesses located near Games venues did benefit from increased number of visitors.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Executive Chairman Bob Ivell commented: "Trading has held up well over the summer despite the generally adverse weather. Our business transformation programme remains on track, driving a sharp focus on enhanced guest service and increased cost efficiency."
CJ
-
-
MoneyWeek Interviews: Ed Wielechowski portfolio manager of the Odyssean Investment Trust
Ed Wielechowski portfolio manager of the Odyssean Investment Trust talks to Rupert Hargreaves.
By Rupert Hargreaves Published
-
Pension savers turn to gold investments
Investors are racing to buy gold to protect their pensions from a stock market correction and high inflation, experts say
By Ruth Emery Published