JP McManus-backed UK pub group sees sales eroded by Omicron spread

The group said the trading environment in the UK remains “uncertain”.

JP McManus jointly holds a sizeable stake in Mitchells and Butlers with John Magnier.

Irish-backed UK pub operator Mitchells and Butlers suffered a 10% drop in like-for-like sales over the Christmas period, as the spread of the Omicron variant of Covid-19 significantly eroded social gatherings in Britain.

The group operates around 1,700 chain pubs and restaurants across the UK and is part-owned by Irish financiers JP McManus and John Magnier.