Latest news with #AllBarOne
The Independent
5 days ago
- Business
- The Independent
The pub and bar chain thriving thanks to warm weather
Mitchells & Butlers, the pub and bar group, reported a significant boost in customer numbers and strong performance. The owner of Toby Carvery and All Bar One saw like-for-like sales increase by 5 per cent in the quarter ending 19 July. This growth was partly attributed to recent sunny weather and Easter, with both food and drink sales climbing by nearly 5 per cent. Despite facing cost inflation challenges, the company anticipates its annual results will reach the "top end" of industry forecasts. M&B has converted or remodelled 150 venues and opened two new sites this year, though its shares experienced a slight dip in early trading.
The Herald Scotland
5 days ago
- Business
- The Herald Scotland
Sun shines on owner of Glasgow's famous Horseshoe Bar
Mitchells & Butlers, the industry giant which owns Glasgow's famous Horseshoe bar and brands such as All Bar One, Harvester, and O'Neill's, declared today that profits for this year would come in at the top end of guidance. This came as the company reported a strong performance for the first half during which sales remained 'well ahead of the market', benefiting from Easter and the recent sunny weather. Like-for-like sales were up 5% in the third quarter and increased by 4.5% over the 42 weeks ended July 19. The company noted that despite the challenges of 'well publicised cost inflation' – which included the recent rises in employer national insurance contributions and national living and minimum wage – it is 'encouraged by the continued strong performance of the business, which remains well ahead of the market'. Read more: 'We are confident that this will lead to an outturn result for the current year at the top end of consensus expectations,' it told the stock market. Phil Urban, chief executive of Mitchells & Butlers, said: 'The business continues to perform strongly, enabling us to meet the cost challenges facing the sector with confidence. We will remain focused on our Ignite programme of initiatives and our successful capital investment programme, driving cost efficiencies and increasing sales. With the unique strengths of our business, including a diverse portfolio of established brands, value proposition and enviable estate locations, we believe we are positioned to continue to grow profitability and market share.' The update from Mitchells & Butlers came hot on the heels of a similarly upbeat trading statement from JD Wetherspoon on Wednesday. Wetherspoon's outspoken chairman, Tim Martin, singled out the impact of sunny weather and standout performances by Villa Maria wine from New Zealand, Prosecco from Italy, and Guinness, as well as 'clucking good' chicken sales, as it reported that like-for-like sales had increased by 5.1% in the 12 weeks to July 20. Sales for the year to date were up by the same amount. Mr Martin said: 'The company has benefitted from favourable weather in the fourth quarter, so that profits are anticipated to be in line with market expectations, notwithstanding the high tax and labour increases for the hospitality industry, which have been widely reported.'
Times
5 days ago
- Business
- Times
Mitchells & Butlers buoyed by sales growth
The operator of the chains All Bar One, Harvester and Toby Carvery expects its full-year results to come at the top end of City expectations as sales continue to grow despite headwinds facing the sector. Mitchells & Butlers reported like-for-like sales growth of 5 per cent for the 14 weeks to July 19, buoyed by the late Easter holidays and sunny weather driving thirsty Brits to the tills. The strong third-quarter performance contributed to a 4.5 per cent increase in sales for the year to date. 'Despite well-publicised cost-inflation challenges facing the sector, we remain encouraged by the continued strong performance of the business, which remains well ahead of the market,' the company said. 'We are confident that this will lead to an outturn result for the current year at the top end of consensus expectations.'
Yahoo
22-07-2025
- Yahoo
Watch: Notorious bag thief using his foot during £6,000 crime spree at pubs in City of London
A prolific bag thief who preyed on after-work drinkers at pubs in the City of London has been jailed for two-and-a-half years. CCTV footage captures sneaky Sid Rebai pretending to chat on his mobile phone while using his right foot to drag bags along the ground and away from their distracted owners. Plain-clothed officers spotted the notorious 36-year-old stalking customers at the Hoop and Grapes in Aldgate. Rebai is seen walking near two people deep in conversation as they talk over a pint. Wearing a black cap, cream hoodie top and jeans he extends his leg and uses a foot to pull the rucksack towards him - before quickly picking it up and fleeing. A prolific bag thief has been sentenced to two and a half years in Rebai, 36, of no fixed abode, pleaded guilty to six counts of theft in the was also handed a Criminal Behaviour Order banning him from entering the Square Mile for six years. — City of London Police (@CityPolice) July 21, 2025 Police approached Rebai, arrested him for theft and returned the bag and its contents to the male victim before he knew it had been pinched. The Old Bailey heard he also targeted All Bar One in Byward Street, The Minories near Tower Hill, Brewdog on Great Tower Street and Portsoken Pavilion in Aldgate Square. Both male and female victims lost laptops, headphones, clothing, wallets, AirPods and sunglasses valued at £6,683. Rebai, of Buckle Street, Tower Hamlets, pleaded guilty to six counts of theft. He was also handed a criminal behaviour order banning him from entering the Square Mile for six years. Inspector Dan Green, of the City of London Police's proactive acquisitive crime team, said: 'This is another great result in seeing a prolific bag thief behind bars and returning stolen items to victims. 'Our warning to criminals - don't come into the City to steal bags. 'If you do, you risk being spotted by our plain-clothed officers, who will track you down, arrest you and bring you to justice.'
Scotsman
22-06-2025
- Business
- Scotsman
7 of the best deals on offer at UK pubs right now
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