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Mitchells & Butlers profit jumps 19% in full year


By Dan McGrath

Mitchells & Butlers has recorded a 19% jump in its profit before tax, totalling £238m in the year to 27 September.

The pub and restaurant operator, which owns Toby Carvery, Miller & Carter and Harvester, said it had traded ahead of the market in the last 12 months, with like-for-like (LFL) sales increasing by 4.3%


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boohoo shares jump 40% despite 23% revenue drop

boohoo has seen its share price increase by 40% despite its revenue dropping by 23% year-on-year to £296.9m in the six months to 31 August

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BUDGET 2025: OBR lowers growth forecasts in mid-term

The Office for Budget Responsibility (OBR) has lowered its real gross domestic product (GDP) forecast by 0.3 percentage points to 1.5% on average over the course of the current Government

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Whitbread announces cost savings following Budget disappointment

Whitbread has said that it will deliver £60m in accelerated cost efficiencies in the 2027 financial year, after being "extremely disappointed" with the outcome of the Autumn Budget

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BUDGET 2025: Cash ISA allowance to be cut from April 2027 to boost investments

The cash ISA limit will be cut from £20,000 to £12,000 from April 2027, Chancellor Rachel Reeves announced in the Autumn Budget, in a move that some expect will open the door for more investments.

While the overall ISA contribution allowance will remain at £20,000 per year, Reeves told Parliament that the £8,000 cut from the cash ISA limit will be available for investments in stocks and shares ISAs

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Halfords on track to deliver expectations

Halfords has stated that it is on track to deliver its expectations for the current financial year, following a "strong first-half"

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essensys ponders takeover bid from director

essensys has announced that its independent director, Mark Furness, has submitted a proposal to take over the firm through an all-cash offer

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Pets at Home retail profits slump in H1

Pets at Home has posted a 29.1% drop in pre-tax profit in its H1 results, as the pet retailer’s leader called for “urgent and necessary” action to return the company to growth

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Team to acquire WH Ireland for £12.7m

Team has agreed to acquire the wealth management firm, WH Ireland, for £12.7m

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Mobico set to hit lower end of profit guidance

Mobico has announced that its operating profit is set to reach the lower end of its £180m to £195m guidance in the year to 31 December

Begbies Traynor completes Kirkby Diamond acquisition

Begbies Traynor has acquired Kirkby Diamond Property Management in a deal worth up to £8.25m
Beazley cuts annual insurance written premiums forecasts

Beazley has cut its insurance written premiums forecast for the full year to a growth rate of “flat to low single digits”
easyJet earnings increase 18% in FY25

easyJet has recorded an 18% year-on-year increase in earnings, which totalled £703m in the 12 months to 30 September


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