BUZZ-UK's Mitchells & Butlers falls as heatwave weighs on Q3 sales
Mitchells & Butlers
Mitchells & Butlers MAB | 0.00 |
** Shares of British pub group Mitchells & Butlers MAB.L down 5.3% at 260.5 pence
** Posts flat like-for-like sales for Q3, citing adverse impact on its food business from the ongoing heatwave
** Says its food-led businesses, particularly Toby Carvery and Miller & Carter, were adversely affected in Q3
** MAB says Easter falling early this year also presented a headwind, as the holiday fell in the Q3 last year
** Co says it will deliver full-year outturn in line with consensus expectations, supported by its investment strategy and cost-savings programme
** MAB up ~5.16% YTD, as of last close
