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The Latest Breaking News from Mitchells Butlers

Toby Carvery owner hikes menu prices as it faces £130 million bill

Mitchells & Butlers said rising steak prices had impacted its eateries and Miller & Carter restaurants

The Independent UK

Surging steak prices deliver cost hit for Toby Carvery owner

Mitchells & Butlers said steak prices have soared by nearly a third.

Evening Standard

All Bar One owner cautions over £130m cost hit as wage and food bills soar

The firm reported pre-tax profits rising by a fifth to £238 million in the year to September 27, despite an extra £100 million of costs.

The Independent UK

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FTSE 100 Live 28 November: Pub chain surges despite cost pressure, Whitbread shares fall

The owner of Harvester and All Bar One is the toast of investors after posting better-than-expected results.

Evening Standard

Toby Carvery owner celebrates results after hot weather brings in bumper customers

Bosses said they were encouraged by the performance ‘despite well-publicised cost inflation challenges facing the sector’

The Independent UK

Toby Carvery owner says sales to hit ‘top end’ of guidance amid hot weather

Mitchells & Butlers, which also runs Harvester and Miller & Carter venues, said like-for-like sales grew by 5% over the quarter to July 19.

Evening Standard

Tough times loom for night-time economy as young Britons opt to go out (and go home) early

Mitchells & Butlers pubco boss says home delivery boom and social media have changed attitudes to going out late

The Guardian - UK

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Nightclub market shrinking as younger people stay at home, says pub boss

Phil Urban, the chief executive of Mitchells & Butlers, said the group would not look to grow in that market because of the challenges it faces.

The Independent UK

Toby Carvery owner toasts higher sales as pubs lead the way

Mitchells & Butlers chief executive Phil Urban said the company is ‘working hard’ to mitigate higher costs.

The Independent UK

Council leader accepted Spurs tickets days before felling of ancient oak

Enfield’s Ergin Erbil under pressure to recuse himself from decisions over football club’s property plans

The Guardian - UK

Toby Carvery boss apologises for ‘upset caused’ by felling of centuries-old tree

The tree was cut down in Whitewebbs Park, north London on April 3.

Evening Standard

Toby Carvery owner apologises after ancient oak tree felling in north London

The cutting down of the tree has been compared to that of the landmark Sycamore Gap tree

Evening Standard

Everything we know about the felling of Enfield's ancient oak tree: cause, consequences and reactions

Toby Carvery's decision to cut down a centuries-old oak tree in Enfield has led to public anger and an investigation into its legality

Evening Standard

Toby Carvery under fire over felling of centuries-old tree in north London

The tree, which has a girth of 6.1 metres, is located in near the Whitewebbs House Toby Carvery car park.

Evening Standard

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The Guardian - UK

Harvester and Toby Carvery owner says it will take £100m hit from tax changes

Mitchells & Butlers faces ‘cost headwinds’ because of rises in national minimum wage and employer NICs

The Independent UK

All Bar One owner M&B warns of price rises due to Budget cost woes

Mitchells & Butlers is facing around £23 million a year in extra costs from the rise in national insurance contributions alone.

The Independent UK

Central London pub adds £2 surcharge to pints ordered after 10pm

Consumer experts say this London pub is using underhand tactics to get customers to pay nearly £10 for a pint

The Guardian - UK

NICs rise will force businesses to close, warn hospitality bosses

More than 200 leading restaurant, pub and hotel companies say tax rises will cause ‘unprecedented damage’

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The Guardian - UK

UK unions fear not all staff will get fair share as tip-sharing law comes into force

New rules mean 100% of gratuities are passed on, but Unite says some staff could still be left out of pocket

Evening Standard

Who is Joe Lewis? British billionaire indicted over insider trading

Lewis faces New York court date for ‘insider training scheme’

The Guardian - UK

UK pubs and restaurants toast festive sales surge despite cost pressures

People felt confident to gather for first time since Covid according to Whitbread and Mitchells & Butlers

The Guardian - UK

Harvester owner warns of inflation cost ‘headwinds’

Pub and restaurant group Mitchells & Butlers lauds sales rise but warns of risks ahead

The Guardian - UK

Liz Truss’s energy price freeze could soften UK recession, say economists

UK retailers and pubs rise on FTSE after outline emerges of new prime minister’s plan to tackle rising bills

Birmingham Post

North East deals of the week: key contracts, investments and acquisitions

Organisations announcing deals include Troo, Lixir Tonic, Quantafuel and Studio Anyo

Birmingham Post

Botanic brewer Fentimans toasts national deal to supply Mitchells & Butlers

Fentimans will become available in its chains including Browns, All Bar One, Harvester, Toby Carvery and Vintage Inns

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