'Pubs are struggling at the moment'
Pubs groups Mitchells & Butlers and Enterprise Inns have reported results.
M&B, which runs around 1,600 restaurants and pubs across the UK has reported full-year pretax profits down 7.7%. However, its sales are up.
Enterprise Inns has reported profit before tax and exceptional items of £157m - down from £175m in 2010.
Despite this, Edmund Salvesen from Brewin Dolphin Securities says "the pub industry is struggling at the moment".
22 Nov 2011
- From the section Business