UK pub group Mitchells & Butlers drops to over one-year low on weaker sales growth
21/05/2026 09:29
** Shares of British pub group Mitchells & Butlers MAB.L down as much as 9.3% at 229p, their lowest point since April 2025 ** Company says like-for-like sales growth slowed in the second quarter and the most in recent three-week period, as cautious consumers reined in spending ** "The commentary on recent trading will likely depress any short-term share price performance," says an analyst from Jefferies, and adds that LFL sales in the last three weeks have been impacted by "tough comps, travel disruption and some indications of macroeconomic pressures" ** YTD, stock had fallen 12% so far this year (Reporting by Rohni Srivastava in Bengaluru)