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MAB Mitchells & Butlers News Story

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Consumer CyclicalsBalancedMid CapNeutral

UK's Mitchells & Butler dives on weak Q4 sales growth

** Shares in Mitchells & Butlers MAB.L fall nearly 8% to 242.5p, top pct loser on FTSE midcaps .FTMC index

** Shares a near 5-month low

** British pub and restaurant operator posts like-for-like sales growth in Q4 of 3.1%, down from 5% in Q3

** Keeps FY outlook unchanged; in line with market expectations

** Q4 sales growth slowed, reflecting some hesitation among pub and restaurant goers in broader market - Hargreaves Lansdown analysts

** Stock up ~4% so far this year

 (Reporting by Prerna Bedi in Bengaluru)

 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))

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