Shares soar 10% in JP McManus-owned pubs group M&B

Part-owned by Irish investors JP McManus and John Magnier, Mitchells & Butlers posted a 64% increase in operating profit

The M&B group — part-owned by Irish investors JP McManus and John Magnier — owns around 1,600 outlets under the All Bar One, Browns, Ember Inns, Harvester, Miller & Carter, Nicholson’s, Sizzling Pubs, Toby Carvery, and Vintage Inns brands. 

Shares in Mitchells & Butlers (M&B) — part-owned by Irish investors JP McManus and John Magnier — soared 10% after the British bars and restaurants group posted a 64% increase in operating profit and forecast a healthy outcome for the rest of the financial year.

M&B, one of Britain’s largest owners of bars and restaurants, owns around 1,600 outlets — including the All Bar One, Browns, Ember Inns, Harvester, Miller & Carter, Nicholson’s, Sizzling Pubs, Toby Carvery, and Vintage Inns names.