Mitchells and Butlers to resume dividend payments after agreeing deficit recovery plan

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Mitchells and Butlers is set to resume dividend payments after agreeing a deficit recovery plan that includes a parent company guarantee and a negative pledge, in favour of the scheme.

The pub and restaurant chain, which runs the Toby Carvery and Havester brands, had a £572m deficit according to its latest triennial valuation, as at March 2013. The latest agreement extends the...

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