22 February 2021 | 07:08am
StockMarketWire.com - Pub group Mitchells & Butlers, while launching a planned £350 million equity raising, said its sales had fallen sharply due to the UK s Covid-19 lockdown.
Managed sales between 27 September and 16 January had dropped 70% year-on-year, the company said.
On a like-for-like basis for sites when open, excluding periods of closure trading was down 30%.
Mitchells & Butlers said none of its sites had been open since the government announced fresh lockdown measures on 30 December.
The company had a cash balance of £113 million at 16 January with all facilities drawn.
Monthly pension contributions from January to March, inclusive, would be delayed, with these becoming due in April.
22 February 2021 | 16:38pm
StockMarketWire.com - Details of the UK s reopening plan helped give the FTSE 100 a lift on Monday afternoon with the index recovering earlier heavier losses to trade down just 0.18% at 6,612.24.
Hospitality, retail and travel stocks all rallied with pubs group JD Wetherspoon up 8.7% to £13.43, budget airline Jet2 rising 7.2% to £13.14 and WH Smith gaining 6% to £17.85.
By 4.30pm UK time the S&P 500 was down 0.6% to 3,884.42.
Security group G4S slumped 9.8% to 242.6p after private equity firm GardaWorld said it wouldn t raise its 235p offer for the company, cooling hopes of a bidding war.
G4S had rejected GardaWorld s offer in favour of 245p bid from Allied Universal.
22 February 2021 | 08:36am
StockMarketWire.com - UK stocks opened lower on Monday as rising US bond yields and inflation fears tempered Covid vaccine optimism.
At 0824, the benchmark FTSE 100 index was down 56.45 points, or 0.9%, at 6,567.57.
Security group G4S slumped 9.7% to 242.8p after private equity firm GardaWorld said it wouldn t raise its 235p offer for the company, cooling hopes of a bidding war.
G4S had rejected GardaWorld s offer in favour of 245p bid from Allied Universal.
Pharmaceutical giant AstraZeneca added 0.2% to £72.39 even after it said it was withdrawing a bladder cancer drug in the US after it failed to meet post-marketing requirements in a clinical study.
22 February 2021 | 12:05pm
StockMarketWire.com - The FTSE 100 made a partial recovery on Monday despite investors continuing to fret about inflation risks. By midday the index had recovered around half of its initial losses to trade 0.45% lower at 6,594.41.
Some support to sentiment was provided by mounting evidence of the efficacy of vaccines ahead of the UK reopening plan set to be announced later.
Security group G4S slumped 9.8% to 242.6p after private equity firm GardaWorld said it wouldn t raise its 235p offer for the company, cooling hopes of a bidding war.
G4S had rejected GardaWorld s offer in favour of 245p bid from Allied Universal.