Mitchells & Butlers

Iseq index witnesses huge jump as Ryanair climbs 14%

Ryanair and Smurfit Kappa make big gains in Dublin

Iseq lags European peers, but closes marginally ahead

UK pub group also agrees extension of existing credit facilities

Birmingham-based company says its banks have granted it a waiver until May 15th of a debt service covenant test

UK company expects to pass debt covenants test despite sales slump due to Covid-19

Founder Tim Martin continues to rail against Brexit and corporate governance rules

Horse-racing magnates JP McManus and John Magnier own 23.5% of group

Iseq down 1.2 per cent, with Kerry among main decliners

JP McManus and John Magnier hold 23.5% stake in the UK pub giant

UK pub operator said Christmas sales rose 9.8%

McManus and Magnier-backed pub chain maintains like-for-like sales growth

Plus: Euro zone economic statistics, household travel survey

Stewart Gilliland named as successor

Mitchells and Butlers reports 8 per cent drop in first-half pretax profit as margins bite

By Thanksgiving evening, US shoppers had splurged more than $1.52bn online