Mitchells & Butlers said first-half trading remained ahead of the wider market, supported by resilient sales, cost controls and balance sheet improvement. The company also noted weaker second-quarter momentum and significant inflationary pressures, indicating some margin headwinds despite the relative outperformance. The update is constructive but not transformational.
Mitchells & Butlers said first-half trading remained ahead of the wider market, supported by resilient sales, cost controls and balance sheet improvement. The company also noted weaker second-quarter momentum and significant inflationary pressures, indicating some margin headwinds despite the relative outperformance. The update is constructive but not transformational.
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mildly positive
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0.15
