page_title: Mitchells & Butlers
section_title: Financial loss
hierarchical_section_title: Mitchells & Butlers / History / Financial loss
caption_attribution_description: English: The Colton Mill, a Harvester pub adjacent to the Leeds Colton Travelodge. The pub is situated in the Colton Mill development in the Colton area of Leeds. Taken on the afternoon of Sunday the 14th of February 2010.
context_page_description: Mitchells & Butlers plc runs circa 1,784 managed pubs, bars and restaurants throughout the United Kingdom. The company's headquarters are in Birmingham, England. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
  Its branded restaurants and bars include All Bar One, Miller & Carter, Nicholson's, Toby Carvery, Harvester, Browns Restaurants, Vintage Inns, Ember Inns, Son of Steak, Stonehouse Pizza & Grill, Crown Carveries, O’Neill’s, Premium Country Pubs, and Sizzling Pubs. The company also owns the ALEX brand based in Germany.
context_section_description: In January 2008, Mitchells & Butlers announced significant losses (£274million) arising out of closure of hedge positions taken in anticipation of a property joint venture that were eventually cancelled due to the credit crunch caused by the subprime mortgage financial crisis.
caption: A Harvester pub with adjacent Travelodge in Colton, Leeds
exif: {"Image ImageDescription": "SONY DSC", "Image Make": "SONY", "Image Model": "DSLR-A230", "Image Orientation": "Horizontal (normal)", "Image XResolution": "350", "Image YResolution": "350", "Image ResolutionUnit": "Pixels/Inch", "Image Software": "DSLR-A230 v1.00", "Image DateTime": "2009:03:13 03:38:03", "Image YCbCrPositioning": "Co-sited", "Image ExifOffset": "2308", "Image PrintIM": "[80, 114, 105, 110, 116, 73, 77, 0, 48, 51, 48, 48, 0, 0, 6, 0, 1, 0, 22, 0, ... ]", "Image Padding": "[]", "Thumbnail Compression": "JPEG (old-style)", "Thumbnail XResolution": "1/96", "Thumbnail YResolution": "1/96", "Thumbnail ResolutionUnit": "Pixels/Inch", "Thumbnail JPEGInterchangeFormat": "35570", "Thumbnail JPEGInterchangeFormatLength": "3465", "EXIF ExposureTime": "1/250", "EXIF FNumber": "9/2", "EXIF ExposureProgram": "Program Normal", "EXIF ISOSpeedRatings": "100", "EXIF ExifVersion": "0221", "EXIF DateTimeOriginal": "2009:03:13 03:38:03", "EXIF DateTimeDigitized": "2009:03:13 03:38:03", "EXIF ComponentsConfiguration": "YCbCr", "EXIF CompressedBitsPerPixel": "8", "EXIF BrightnessValue": "29/4", "EXIF ExposureBiasValue": "0", "EXIF MaxApertureValue": "361/100", "EXIF MeteringMode": "Pattern", "EXIF LightSource": "Unknown", "EXIF Flash": "Flash did not fire, compulsory flash mode", "EXIF FocalLength": "18", "EXIF FlashPixVersion": "0100", "EXIF ColorSpace": "sRGB", "EXIF ExifImageWidth": "3872", "EXIF ExifImageLength": "2592", "Interoperability InteroperabilityIndex": "R98", "Interoperability InteroperabilityVersion": "[48, 49, 48, 48]", "EXIF InteroperabilityOffset": "35322", "EXIF FileSource": "Digital Camera", "EXIF SceneType": "Directly Photographed", "EXIF CustomRendered": "Normal", "EXIF ExposureMode": "Auto Exposure", "EXIF WhiteBalance": "Auto", "EXIF FocalLengthIn35mmFilm": "27", "EXIF SceneCaptureType": "Night", "EXIF Contrast": "Normal", "EXIF Saturation": "Normal", "EXIF Sharpness": "Normal", "EXIF Padding": "[]", "EXIF OffsetSchema": "3926"}