Newspaper article The Journal (Newcastle, England)

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Newspaper article The Journal (Newcastle, England)

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Article excerpt

Mitchells and Butlers 500p

Mitchells and Butlers is one of the UK's largest pub and restaurant operators, with some 2,000 establishments in the country. Its pubs include O'Neills, Ember Inns and Scream while its restaurant brands include All Bar One, Harvester and Vintage Inns chains.

Three years ago, the company was demerged from hotel and pub operator Six Continents and in that time has benefited from its independence. The most recent set of results show the company is in good shape.

Sales growth so far this year has been the strongest in the sector, up 4.4% overall, and in Scotland, where the smoking ban has come into force, sales have grown by 5.8% as more people have been encouraged to eat out in a smoke-free environment.

The real attractions to investing in Mitchells lie elsewhere though. At the time of the demerger from Six Continents, a number of private-equity businesses were thought to be interested in bidding for the company but nothing materialised. …

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