Mitchells & Butlers plc (MAB) Dipped -0.59% on Feb 22

February 22, 2018 - By wolcottdaily

Shares of Mitchells & Butlers plc (LON:MAB) last traded at 237.6, representing a move of -0.59%, or -1.4 per share, on volume of 17,670 shares. After opening the trading day at 240.8, shares of Mitchells & Butlers plc traded in a close range. Mitchells & Butlers plc currently has a total float of 4.26M shares and on average sees 526,359 shares exchange hands each day. The stock now has a 52-week low of 219.83 and high of 284.8.

FTSE 100 Index: Driving The U.K.

The Financial Times Stock Exchange 100 Index (FTSE 100 Index) or FTSE 100 for short, is the benchmark index of the top 100 largest and most liquid stocks on the London Stock Exchange (LSE). As such, the index is market capitalization-weighted and free-float adjusted. FTSE 100 is operated by FTSE Group, a unit of London Stock Exchange Group.

A large component of the index is made up of foreign companies listed on LSE. So while the index tracks the LSE’s blue-chip stocks, it is considered a weak representation of the U.K.’s economy because of its large foreign constituency.

For investors interested in tracking the health of the U.K. economy, the FTSE 250 is a better guide because it is dominated by domestic U.K. companies.

Components of FTSE 100 make up more than 80% of LSE’s entire market capitalization and that partly explains why it is a widely used gauge of the U.K.’s stock market. However, a more comprehensive indicator is the FTSE All-Share Index, which is broader as it aggregates FTSE 100, FTSE 250 and other small-cap stocks on the LSE.

Rebalancing of the index

The FTSE 100 is reshuffled quarterly. The Rebalancing of the index takes into account the changes in the market capitalization of its constituents such as after a rights issue or a large debt-to-equity swap. Components of FTSE 100 represent a variety of sectors in the U.K. economy such as Financials, Industrials, Technology and Energy. Mitchells & Butlers plc is a stock traded on the U.K’s stock exchange.

Historic marks

FTSE 100 Index dipped to a lifetime low of 427.50 points in February 1978, but steadily recovered from the trough. The index notched a lifetime high of 7103.98 points in April 2015 amid speculation that the Conservative Part would win the U.K. general election in May of the same year. The index’s earlier record high was reached in 1999 during the so-called dot-com bubble. Mitchells & Butlers plc has relatively good liquidity.

The stock market

The LSE is the main stock exchange in the U.K. and one of the largest in the world. The exchange was established in 1801, making it one of the world’s oldest stock markets. The LSE is also a platform for companies to raise capital for expansion.

The exchange has an SME focused platform called the Alternative Investment Market (AIM). It also operates the Depository Receipt (DR) platform for trading shares of foreign companies based outside the European Union.

A variety of securities are traded on LSE. These include equities, bonds, ETFs and a broad line of other derivatives.

Opening hours

The LSE platform opens for trading at 8 a.m. and closes at 4 p.m. But there are pre-market and post-market sessions that open early and close late. The exchange operates all weekday except on holidays declared in advance. The market is closed on weekends.

The LSE is owned by the London Stock Exchange Group, which also owns several other exchanges across Europe and the FTSE 100 Index.

U.K. stocks drawing more investors

Though Brexit has shaken several businesses and economies in the Eurozone and beyond, U.K. companies continue to see investor interest in their stocks thanks in part to the country’s strong regulations and corporate transparency.

Prospects of the U.K. avoiding hard Brexit are also strengthening retail investor hopes that the country’s economy would escape recession after it leaves the European Union. Professional analysts might be interested how this will affect Mitchells & Butlers plc.

More notable recent Mitchells & Butlers plc (LON:MAB) news were published by: which released: “Analysis Of Mitchells & Butlers” on October 06, 2016, also with their article: “Mitchells & Butlers cancels dividend blaming UK uncertainty” published on November 23, 2017, published: “Mitchells & Butlers sales growth cools as bad weather counter-balances ‘strong …” on January 12, 2018. More interesting news about Mitchells & Butlers plc (LON:MAB) were released by: and their article: “Mitchells & Butlers profits fall 10% on rising costs” published on May 17, 2017 as well as‘s news article titled: “Mitchells & Butlers completes £266m Orchid acquisition” with publication date: June 16, 2014.

Mitchells & Butlers plc managed pubs and restaurants in the United Kingdom and Germany. The company has market cap of 1.01 billion GBP. The firm operates through Retail Operating Business and Property Business divisions. It has a 15.84 P/E ratio. It operates its pubs and restaurants under the Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Oak Tree Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Innkeeper's Lodge, Alex, and Ember Inns brands and formats.

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