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O’Neill’s and Harvester owner considers emergency cash call

UK pub and restaurant group Mitchells & Butlers says it faces ‘extremely uncertain’ future

The pub and restaurant group Mitchells & Butlers (M&B), which owns pub chains including O’Neill’s and restaurant brands such as Harvester, has said it may ask investors for emergency funds to help it survive an “extremely uncertain” future, as enforced closures have left it less than three months away from running out of cash.

In the latest evidence of the havoc the coronavirus pandemic has wrought on the hospitality sector, the group, which also runs All Bar One, Toby Carvery and Miller & Carter, said all its venues had been shut since 30 December.

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