Mitchells & Butlers (MAB)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

294.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 312.50
  • 52 Week Low: 199.30
  • Currency: UK Pounds
  • Shares Issued: 597.74m
  • Volume: 4,540
  • Market Cap: £1,760.35m
  • RiskGrade: 371

Swathes of England face strictest Covid restrictions

By Sean Farrell

Date: Thursday 26 Nov 2020

LONDON (ShareCast) - (Sharecast News) - London escaped the most stringent of post-lockdown Covid-19 restrictions but Manchester, Birmingham and Newcastle are among areas faced with strict measures in the runup to Christmas.
The government put London in tier 2 meaning the city is classed as a "high alert" area so that pubs can stay open if they operate as restaurants. Hospitality venues must stop taking orders by 10pm and close by 11pm. Cinemas, museums and other indoor venues can open and spectator sport will resume with limited attendance.

The government's website crashed when it published the full list of areas by tier and the restrictions that apply to each tier.

Other tier 2 areas include Brighton and Hove, Liverpool, Essex, Oxfordshire and Sussex. The new tiers will apply after the current lockdown in England ends at midnight on 2 December. The government will review its allocations every 14 days.

Tier 3 areas, classed as "very high alert", must shut pubs and restaurants except for takeaway service. Hotels and indoor entertainment venues will stay closed and attendance at sport and other events will be banned. Derby, Nottingham, Sunderland, Leicester and Kent are among areas also included in tier 3.

Only the Isle of Wight, Cornwall and the Scilly Isles are classed as tier one, or medium alert.

Shares of pub groups JD Wetherspoon and Mitchells & Butlers and Premier Inn owner Whitbread fell after the announcement.

Health Secretary Matt Hancock said: "The tiering approach provides a framework that, if used firmly, should prevent the need to introduce stricter national measures. We will do this by ... saving the toughest measures for the parts of the country where prevalence remains too high."

Wetherspoon shares fell 1.1% to $11.18.60 at 12:47 GMT and Mitchells * Butler shares dropped3.7% to 215.20p. Whitbread shares fell 0.5% to £31.51.

Susannah Streeter, an analyst at Hargreaves Lansdown, said: "Thousands of pubs and restaurants in the highest tiers across the UK will have to stay shut, It's a huge blow coming right at the heart of the crucial Christmas period."

Greater Manchester Mayor Andy Burnham, who has clashed with Boris Johnson over restrictions imposed on the city, called on the government to provide more support for businesses forced to close.

"This will cause real hardship for people whose jobs will be affected and risks the loss of many businesses," Burnham said. "The effect of these policy decisions will be to level down the economies of city regions across the North."





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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MAB Market Data

Currency UK Pounds
Share Price 294.50p
Change Today -0.50p
% Change -0.17 %
52 Week High 312.50
52 Week Low 199.30
Volume 4,540
Shares Issued 597.74m
Market Cap £1,760.35m
RiskGrade 371

MAB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.08% above the market average84.08% above the market average84.08% above the market average84.08% above the market average84.08% above the market average
76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average
Price Trend
88.62% above the market average88.62% above the market average88.62% above the market average88.62% above the market average88.62% above the market average
92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average
Income Not Available
Growth
7.86% below the market average7.86% below the market average7.86% below the market average7.86% below the market average7.86% below the market average
62.26% below the sector average62.26% below the sector average62.26% below the sector average62.26% below the sector average62.26% below the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 2
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MAB Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Dec-17 25-May-17
Paid 06-Feb-18 03-Jul-17
Amount 5.00p 2.50p

Trades for 17-Jun-2024

Time Volume / Share Price
08:05 185 @ 294.60p
08:05 42 @ 293.50p
08:05 11 @ 294.50p
08:05 100 @ 294.25p
08:05 100 @ 294.25p

MAB Key Personnel

CFO Timothy (Tim) Charles Jones
CEO Phil Urban

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