Mitchells and Butlers and Fuller, Smith & Turner hit hard by restrictions on hospitality
The pub companies Mitchells & Butlers and Fuller, Smith & Turner have reported heavy losses and said they had axed about 1,700 jobs, highlighting the impact of continued coronavirus restrictions on Britain’s hospitality sector.
Mitchells & Butlers, which operates bar, pub and restaurant brands including All Bar One, O’Neills, Harvester and Toby Carvery, slumped to a £123m loss in the year to the end of September, down from a £177m profit a year earlier.