Stocks making the biggest moves in the wake of Covid

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Stocks making the biggest moves in the wake of Covid

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Shares of Mitchells Butlers Plc increased the most in more than nine months, after the U.K. pub operator said there was an improvement in business since the Pandemic restrictions were lifted in July.

Since the last fiscal year ended, like-for-like sales increased by 2.7%, compared to the same pre-pandemic period in 2019, the company said in a statement Thursday. The owner of Harvester and All Bar One brands said that a lower rate of value-added tax on food and non-alcoholic drinks has helped. The stock went as much as 7.7%, the most since Feb. 22.

Mitchells Butlers shares have climbed 11% this year, outpacing peers JD Wetherspoon Plc and Marston s Plc. M&B should gain material market share through re- opening, Jefferies analyst James Wheatcroft wrote in a note Thursday.

The stock's gain was 1.8% higher as of 9: 11 a.m. in London.

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