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Broker snap: Panmure Gordon cuts target on Mitchells & Butlers to 225p

Date: Friday 18 May 2012

Pubs group Mitchells & Butlers reported profit before tax of 68m pounds (12.4p earnings per share) for the 28 weeks to April 7th; slightly ahead of Panmure Gordon´s forecast of 63m pounds (11.3p earnings per share), reflecting an 8m pound reduction in interest charges.

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