Mitchells & Butlers Plc issues a corporate update

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Mitchells & Butlers Plc issues a corporate update

  • For the first 24 weeks of the year, up to 14 March, like-for-like sales were 0.9%
  • The company expects a significant reduction in our expected performance for 2020 and can no longer provide detailed guidance on the expected forward financial performance for the year.
  • The company has suspended its capital expenditure programme and is focussed on reduction of costs across the business
  • On 18th March 2020, at the time of writing, GMT 09:44 AM, MAB shares were trading at GBX 134.60, down by 5.80 points or 4.13% against the previous day closing price.

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