All Bar One owner Mitchells & Butlers expects profits at 'top end' of forecasts despite rising costs

  • Mitchells & Butlers PLC (LSE:MAB) shares fizzed up 3% on Thursday morning as the All Bar One, Harvester and Nicholson's pub company said it expects to serve up profits at the top end of market forecast for the current year, as sales grew ahead of the market in the first half and accelerated in recent weeks. Sales grew 4.3% on a like-for-like basis in the 28 weeks to 12 April 2025, with broadly flat volumes suggesting that price rises were the key.