Half Year Results 

Property write-downs plunge Mitchells & Butlers into loss

Property write-downs plunge Mitchells & Butlers into loss

Coronavirus has seen Mitchells & Butlers (MAB) tumble to a half year loss, after the group took a £148m charge that was largely attributable to the downward revaluation of its estate. The pub and restaurant operator’s interim results include nearly four weeks of enforced closure. Mitchells recorded a further £11m write-down linked to the disposal and donation of food, while the value of its property portfolio has dropped by £524m.

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