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Investing.com - Mitchells & Butlers, the UK pub and restaurant operator, reported a 3.1% increase in like-for-like sales for its fourth quarter, contributing to a 4.2% rise for the full fiscal year ended September 20, 2025.
The company’s fourth quarter performance showed food sales up 3.4% and drink sales rising 1.9% on a like-for-like basis. Total sales for the 51-week period increased by 3.9%, with the company maintaining its outperformance against the broader market.
Management noted that mid-market pubs and pub restaurants delivered robust performances, while London venues and premium businesses experienced slightly weaker sales.
"We are pleased with our performance over the year, in which we remained consistently ahead of the market, across all market segments," said Phil Urban, Chief Executive.
"Sales growth has been broad based, with strong like-for-like performances in both food and drink across our portfolio of brands, supported by cost efficiencies and a capital program which continues to deliver strong returns."
The company accelerated its investment program, completing 201 conversions and remodels year-to-date, up from 185 in fiscal 2024. Mitchells & Butlers also opened two new sites – an Alex in Germany and a Browns in London – and purchased two freehold interests in existing locations.
Looking ahead, the company remains confident in meeting consensus expectations for the current fiscal year.
For the coming year, Mitchells & Butlers anticipates higher cost inflation of around £130 million, representing approximately 6% of its cost base, but expressed confidence in its brands’ ability to continue outperforming the sector.
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