Summary
PUBS group Mitchells & Butlers said 2004 had got off to a good start with a 5 per cent rise in like-for-like sales. Increased marketing activity was credited for the boost to trade in the first 18 weeks of its financial year. The company behind chains including All Bar One and O'Neills said outlets in residential areas - which comprise 70 per cent of its estate - had grown like-for-like sales by 6.4 per cent. The group's 2,077-strong estate also features suburban-based brands such as Ember Inns, Vintage and Toby carveries. Total retail sales for the period were up 4.1 per cent, while total volumes of food and drink were 8 per cent ahead of last year.
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Extract
News in Brief: Frothy Start to 2004 for M&B
CREDIT Suisse, Switzerland's second-largest bank, has kept up its turnaround from a disastrous 2002 by reporting its fourth consecutive quarter of profit. Ne...
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