Mitchells & Butlers shares slide but pubs giant sees energy and food costs abate

JP McManus and John Magnier own a stake of over 23% in M&B

The group runs more than 1,600 outlets—including the All Bar One, Browns, Ember Inns, Harvester, Miller & Carter, Nicholson's, Sizzling Pubs, Toby Carvery, Vintage Inns, and more recently the Ego restaurants. 

Shares in Mitchells & Butlers shed 9% as the huge British pubs and restaurants group—where JP McManus and John Magnier own a significant minority stake—said it was confident of battling "unprecedented" energy and food costs inflation and any downturn in consumer spending. 

The group runs more than 1,600 outlets—including the All Bar One, Browns, Ember Inns, Harvester, Miller & Carter, Nicholson's, Sizzling Pubs, Toby Carvery, Vintage Inns, and more recently the Ego restaurants.