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July 2, 2020, 2:47 a.m. EDT

Mitchells & Butlers swings to loss over virus

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By Matteo Castia

Mitchells & Butlers PLC reported Thursday a swing to a pretax loss for the first half of fiscal 2020 as the coronavirus pandemic hurt revenue.

The U.K. pub-and-restaurant group--which houses the Harvester, Toby Carvery, All Bar One and Miller & Carter brands--posted a pretax loss of 121 million pounds ($150.9 million) in the period to April 11, compared with a profit of GBP75 million in the year-earlier period.

Revenue fell to GBP1.04 billion from GBP1.19 billion.

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