Wednesday, May 25, 2011

Pubco News; M & B Report Food Sales Overtaking Beer Sales

Pubs and restaurants group Mitchells & Butlers said food sales have overtaken drink for the first time on the back of a strong performance at Harvester and the disposal of 333 pubs which were focused on drink.

But the group warned that soaring food and energy prices will squeeze the business into next year.

M&B, which also owns the All Bar One, Toby Carvery and the Sizzling Pub Co chains, said rising inflation and the uncertainty around household spending in the UK will both pose a challenge

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