Pubs Group Director Quits After Losing Pounds 274m Interest Rates Bet ; in Association with Rensburg Sheppards

Daily PostFebruary 04, 2008

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Summary


THE UK's biggest pubs operator said yesterday its finance director had resigned after a disastrous bet on interest rates cost the company pounds 274m.

Mitchells & Butlers also said chief executive Tim Clarke had tendered his resignation, but this was declined by other board members.

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Extract


Pubs Group Director Quits After Losing Pounds 274m Interest Rates Bet ; in Association with Rensburg Sheppards

The group, which runs chains in...

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