Harvester owner delays payments to pension fund as it seeks £350m

Mitchells & Butlers, which also runs O’Neill’s and All Bar One, has closed all venues in the Covid lockdown The pub and restaurant group Mitchells & Butlers has temporarily suspended payments to its staff pension fund and is pressing ahead with £350m emergency fundraising to see it through the Covid crisis. The All Bar One owner, which also runs pub chains including O’Neill’s and restaurant brands such as Harvester, usually pays £4.2m a month into its pension fund. It has agreed to delay payments for at least three months, with plans to restart contributions in April. Read full story