"In the FTSE 250 Mitchells & Butlers lost 41¼p to 335¾p amid fading hopes of a bid from Punch. M&B management has been talking up its prospects as an independent company, leaving little room for a takeover. Panmure Gordon cut to “sell”."
http://business.timesonline.co.uk/tol/business/markets/article3572645.ece