• Shares in the company behind All Bar One are crashing

    23 days ago - By Business Insider

    Mitchells & Butlers reports 18% fall in profits as fall in the pound pushes up costs.
    Shares fall 10% at the open but have since recovered slightly.
    LONDON - Shares in pub and restaurant owner Mitchells & Butlers are falling on Thursday morning after the company reported a steep fall in profits and warned of Brexit-related headwinds.
    Mitchells & Butlers, which owns chains such as All Bar One, Toby Carvery, Harvesters, and Nicholson's pubs, said that pre-tax profit for the year fell 18% to £77 million. Revenue rose 4.5% to £2.1 billion but rising costs meant the company failed to capitalise...
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  • British Gas-owner Centrica is heading for its biggest ever one-day share price drop

    British Gas-owner Centrica is heading for its biggest ever one-day share price drop

    23 days ago - By Business Insider

    Centrica shares fall 17% at the open after it warns of British Gas customer exodus and "significant market pressure" in North America.
    Energy provider's shares are at a fresh 14-year low and heading for biggest ever one-day fall.
    LONDON - British Gas-owner Centrica's share price collapsed on Thursday after a profit warning from the energy provider.
    Centrica said in a trading update on Thursday that British Gas has lost 823,000 household energy supply customers since June. The company announced a 12.5% hike to energy prices in August.
    Centrica's business energy supply operation is also...
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