M&B Boss Faces Investors' Fury Over Property Fiasco ; City & Finance

Summary

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FURIOUS shareholders called for Roger Carr, chairman of troubled pubs group Mitchells & Butlers, to quit after a failed property deal saddled the company with a Pounds 391m loss.

At a fraught annual meeting with 420 investors, Carr blamed the collapse of the Pounds 5bn deal - which would have been worth Pounds 3 a share to investors - on external factors such as last summer's credit crunch.

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Extract

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M&B Boss Faces Investors' Fury Over Property Fiasco ; City & Finance

But shareholders refused to be bamboozled by his slick speech. One said ...

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