M&B shares rise 3% as pubs giant backed by JP McManus starts to weather costs inflation

The M&B results complete a mixed bag for the huge British pub groups

M&B operates under the outlets All Bar One, Browns, Ember Inns, Harvester, Miller & Carter, Nicholson's, Sizzling Pubs, Toby Carvery, and O'Neill's in Britain. 

Shares in British pubs and restaurants giant Mitchells & Butlers — which is part-owned by Irish investors JP McManus and John Magnier — ended 3% higher in the session after the group said it was starting to weather the huge challenge of costs inflation facing hospitality businesses.  

With 1,600 outlets, M&B is one of the largest pub and restaurant groups in Britain, and operates under the outlets All Bar One, Browns, Ember Inns, Harvester, Miller & Carter, Nicholson's, Sizzling Pubs, Toby Carvery, and O'Neill's.