M&B has made a good start to FY19 with positive lfl momentum. The cost pressure is unlikely to abate in the near term and management’s decision to abort dividends and prioritise balance sheet deleverage is a step in the right direction. No changes to our stock recommendation.
23 Nov 2018
A good start to FY19
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A good start to FY19
Mitchells & Butlers plc (MAB:LON) | 225 4 0.8% | Mkt Cap: 1,344m
- Published:
23 Nov 2018 -
Author:
Nishant Choudhary -
Pages:
3
M&B has made a good start to FY19 with positive lfl momentum. The cost pressure is unlikely to abate in the near term and management’s decision to abort dividends and prioritise balance sheet deleverage is a step in the right direction. No changes to our stock recommendation.