All Bar One owner says sales growth dented by UK riots and wet weather

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Pub and bar giant Mitchells & Butlers has revealed slower sales growth in the latest quarter after damp summer weather and disruption from UK riots in August. Sales growth has continued to normalise as inflationary cost pressures ease, whilst our diverse portfolio of established brands and advantaged estate locations underpin our outperformance against the market Phil Urban, Mitchells & Butlers It reflects a continued slowdown after 3.4% growth in the third quarter and 6.1% in the second quarter. Phil Urban, chief executive of the group, said: “Sales growth has continued to normalise as inflationary cost pressures ease, whilst our diverse portfolio of established brands and advantaged estate locations underpin our outperformance against the market. “We enter the new financial year armed with a fresh wave of initiatives under our Ignite programme and a full capital investment programme planned to deliver cost efficiencies, increased sales and to further drive market outperformance and increasing profitability.” The company stressed that it expects a financial performance for the year to September as a whole at the upper end of guidance due to “robust” sales across the year and easing cost pressures.