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20 May 2008
Plans to convert to a REIT have been announced by pub group Mitchells & Butlers, who are set to 'actively explore opportunities for managed pub and sector consolidation.'
The group showed a loss of £121m in the last six months to April 12 after serious derivative costs with revenue flat at £995m.
Trading fared better during the first four weeks of the second half of the financial year, with like-for-like sales up 3.4%.
The group said it intended to separate its property business from the operating part of the group as part of its plan. This will also see two executives from Robert Tchenguiz's investment vehicle, R20, join the board, Sharecast reported.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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