Pub group Mitchells & Butlers says suburban venues are faring best as rising bills and wages squeeze profit
The pub and restaurant group Mitchells & Butlers has warned that rising costs, particularly higher energy bills and increased staff wages, will hurt the hospitality sector, just as businesses return to profit after pandemic restrictions eased.
The company, which owns pub chains including O’Neill’s and restaurant brands such as Harvester, said Brexit was still “an important event for the market” and had created risks for the sector, most notably around the supply and cost of products and workforce shortages.