Magnier/McManus pub group slated as pale, male and stale

Mitchells & Butlers plc, the pub group backed by billionaire businessmen JP McManus and John Magnier, has been heavily criticised for its lack of diversity and what its third largest shareholder said were governance issues.

In a strong protest move, Aberdeen Standard Investments (ASI) voted against the re-election of the chairman and the nomination of four board members at last Tuesday’s annual general meeting.

The board members were nominated by majority shareholders McManus ...