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Mitchells & Butlers faces another bar brawl

All of the directors at Mitchells & Butlers are up for re-election at the pub group's AGM this week. Although they are expected to be retain their positions, the directors might still face difficult questions over the group's future.

The British entrepreneur Joe Lewis, who owns a quarter of the stock, failed in a tilt for the All Bar One owner last year. This left investors keener than ever for the shareholder register to be tidied up, with several big stakes divided among many institutional investors. Soap maker PZ Cussons also reports six-month figures next week.