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UPDATE 1-UK's Mitchells & Butlers explores capital raise as fresh lockdown weighs


New lockdown shuts its pubs and restaurants
Q1 sales plunge 67.1%
Shares fall around 8% (Adds shares, analyst comments)
Jan 7 (Reuters) - Mitchells & Butlers said on Thursday it may need to raise fresh funds as it deals with a new coronavirus lockdown that has shut the British pub operator’s sites again after a sharp fall in important holiday quarter sales.
Shares in the owner of All Bar One and Toby Carvery pubs and restaurants were 7.9% lower at 219.5 pence by 0926 GMT.
M&B, which has already cut 1,300 roles to reduce costs, said its board unanimously supported an equity capital raise, although a decision has not yet been made on the timing, size or terms. ....

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UK's M&B explores capital raise as new lockdown shuts pubs again


2 Min Read
(Reuters) - Mitchells & Butlers said on Thursday it may need to raise fresh funds as it deals with a new coronavirus lockdown that has shut the British pub operator’s sites again after a sharp fall in important holiday quarter sales.
FILE PHOTO: Customers are seen at a table outside The Island Queen pub, which is run by Mitchells & Butlers, amid the outbreak of the coronavirus disease (COVID-19) in Islington, London, Britain, September 24, 2020. REUTERS/Simon Newman
Shares in the owner of All Bar One and Toby Carvery pubs and restaurants were 7.9% lower at 219.5 pence by 0926 GMT.
M&B, which has already cut 1,300 roles to reduce costs, said its board unanimously supported an equity capital raise, although a decision has not yet been made on the timing, size or terms. ....

United Kingdom , Sherry Jacob Phillips , Tanishaa Nadkar , Mark Irvine Fortescue , Kirsten Donovan , Thomson Reuters Trust Principles , All Bar One , Toby Carvery , Executive Officer Phil Urban , Job Retention Scheme , Thomson Reuters Trust , ஒன்றுபட்டது கிஂக்டம் , ஷெர்ரி ஜாகோப் பிலிப்ஸ் , குறி இவைந் ஃபார்‌டெஸ்க்யூ , கர்ஸ்டந் டொநொவந் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , அனைத்தும் மதுக்கூடம் ஒன்று , டோபி செதுக்குதல் , நிர்வாகி அதிகாரி பில் நகர்ப்புற , வேலை தக்கவைத்தல் திட்டம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,