Mitchells & Butlers NI bill to dominate next week's update
Portfolio Pulse from
Mitchells & Butlers PLC, a pub group, is expected to report next week on the impact of recent NI and minimum wage rises. The company's stock has already fallen 13% due to these announcements. However, Shore Capital anticipates that MAB will mitigate some of the impact through underlying momentum, pricing, and cost initiatives.
November 13, 2024 | 3:45 pm
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NEGATIVE IMPACT
Mitchells & Butlers PLC's stock has dropped 13% due to NI and minimum wage rises. The company is expected to report next week, with Shore Capital suggesting potential mitigation through pricing and cost strategies.
The stock has already fallen 13% due to the announced NI and wage increases, indicating a negative market reaction. However, Shore Capital's expectation of mitigation through pricing and cost strategies suggests some potential for recovery, but the immediate impact is likely negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100