Sales at Mitchells & Butlers tumbled 79 per cent in the six months to 10 April, as coronavirus-led restrictions heavily impacted operations at the pub group.
First published on Wed 19 May 2021 06.23 EDT
Customers have been braving the wet weather to flock back to their local for a pint, according to the pub groups Mitchells & Butlers and Marston’s, which have reported strong demand since reopening in mid-April.
The pub and restaurant group Mitchells & Butlers, which is now serving customers at almost all of its 1,600 venues, said it was confident its profits would rebound once coronavirus restrictions are fully eased.
“We had plenty of examples of hardy souls refusing to leave their pint just because of a bit of rain,” said Phil Urban, Mitchells & Butlers’ chief executive.
Inflation concerns stoke fear as global markets retreat Iseq in Dublin declines by more than 1.5% with resource stocks faring particularly badly
about 10 hours ago Updated: about 9 hours ago
European stocks posted their worst daily fall in one week on Wednesday, tracking weakness on Wall Street, as investors grew wary of rising inflationary pressures increasing the odds of an early tightening of monetary policy.
Wall Street’s main indexes also fell for the third straight session , as a steep fall in cryptocurrencies and the inflation fears pushed investors away from riskier assets.
DUBLIN
The Iseq index fell more than 1.5 per cent, in line with declines among its European peers.
May 19, 2021, 5:46 pm
China’s central bank said cryptocurrencies should not be used as a form of payment (Dominic Lipinski/PA)
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Mining investors and bitcoin hoarders abandoned their sectors in droves as separate narratives out of China made them run for their lives on Wednesday.
The FTSE 100, the biggest index in London, saw its value slashed by 1.2% by the end of the day, led by its heavyweight miners.