UK pubs announce heavy losses and job cuts as Covid curbs bite

Mitchells and Butlers and Fuller, Smith & Turner hit hard by restrictions on hospitality Coronavirus – latest updatesSee all our coronavirus coverageThe pub companies Mitchells & Butlers and Fuller, Smith & Turner have reported heavy losses and said they had axed about 1,700 jobs, highlighting the impact of continued coronavirus restrictions on Britain’s hospitality sector.Mitchells & Butlers, which operates bar, pub and restaurant brands including All Bar One, O’Neills, Harvester and Toby Carvery, slumped to a £123m loss in the year to the end of September, down from a £177m profit a year earlier. Continue reading... https://www.theguardian.com/business/2020/nov/26/uk-pubs-losses-job-cuts-covid-curbs-fuller-mitchells-butlers-smith-turner #hospitality_industry #coronavirus #uk_news #business #job_losses #annual_results #mitchells_&_butlers #food_&_drink_industry