Better weather in 2011 at the end of the year contributed to a strong improvement in like-for-like (LFL) sales at pubs group Mitchells and Butlers, but trading has been more subdued in January.
LFL sales in the nine weeks to January 21st, 2012, were up 6.5% from the corresponding period a year earlier. As a result, like-for-like sales in the first 17 weeks of the financial year were up 4.4%.
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
-
Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
-
£150 off energy bills: millions more to get discount this winterThe expansion of the Warm Home Discount scheme follows a government U-turn on the Winter Fuel Payment. We explain who will get the £150 discount
