Financial Times FT.com

M&B hit by cuts in family spending

By Maggie Urry and Roger Blitz

Published: September 23 2008 20:24 | Last updated: September 23 2008 20:24

Drink sales showed a small but welcome uplift at Mitchells & Butlers, the pub operator.

However, rising costs are hitting profit margins and its mid-market brands are coming under pressure from spending cutbacks among families with mortgages.

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