Pub group Mitchells & Butlers has said that it could suffer a significant loss and still meet conditions in its debt programme, but that it is reducing costs to conserve cash flow.
The company expects its sales and profits to experience a major hit with people being asked to avoid pubs and restaurants due to the COVID-19 crisis.
Net Debt
Mitchells & Butlers' net debt stood at £1.56 billion in its latest annual results.
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