British pub group to change board

BRITISH pub operator Mitchells & Butlers (M&B) – in which Irish investors John Magnier and JP McManus have a combined 17.5% shareholding – has announced a series of planned changes to its board of directors.

Changes include the removal of former minister for finance Ray MacSharry as non-executive director.

Earlier this week, M&B said it was preparing a submission to the panel on takeovers and mergers in Britain over what it has regarded as attempts by some of its largest shareholders to force control of its board.