REIT conversion plans announced by Mitchells & Butlers

REIT conversion plans announced by Mitchells & Butlers

The plans will also see two executives from Robert Tchenguiz's investment vehicle, R20, join the board

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.

Further reading:

M
&B brings Tchenguiz men on board

Overview: Mitchells & Butlers’ deputy must regroup

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource