BUZZ-UK's Mitchells & Butlers falls as heatwave weighs on Q3 sales

Mitchells & Butlers

Mitchells & Butlers

MAB

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** 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