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Mitchells & Butlers pushes upmarket to offset costs

As inflation rises, Mitchells & Butlers (MAB) is treading a fine line between price increases in some areas and reductions in others, while doing its best to encourage pubgoers to spend more on premium products. That's to compensate for increased expenses from wage and cost inflation, as well as higher property costs: the adjusted operating margin was 90 basis points lower at 13.3 per cent. This is likely to be a hangover that lasts. Consumer confidence is likely to remain fragile as wages don't keep up with the rise in prices.

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By Julia Faurschou,
17 May 2017

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