Pub group Mitchells & Butlers says suburban venues are faring best as rising bills and wages squeeze profit

The pub and restaurant group Mitchells & Butlers has warned that problems caused by Brexit and rising costs will hurt the hospitality sector, just as businesses return to profit after pandemic restrictions eased.

The company, which owns pub chains including O’Neill’s and restaurant brands such as Harvester, said Brexit was still “an important event for the market” and had created risks for the sector, most notably around the supply and cost of products and workforce shortages. It said higher energy bills and increased staff wages were also weighing on the sector.

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