Company
Marston’s PLC
LON:MARS
Marston's PLC operates around 1,700 pubs and bars situated across Great Britain, comprising of leased and tenanted pubs, franchise opportunities and managed pubs at the heart of thriving local communities offering a welcoming environment and value for money.
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FTSE 100 Live: Stocks soar into the weekend
London's blue chips are storming ahead with the fall in retail sales supporting expectations that interest rates have peaked
Marston’s results lay bare the cost of inflation on the hospitality sector
While revenues have returned to pre-pandemic levels, food and drink prices continue to pummel profit margins
Marston’s to emerge stronger from pub sector's grim winter - broker
Rising costs and Covid disruption may disrupt growth for the Wolverhampton-based hospitality company
Are Marston's results a ray of light for pubs?
The World Cup coincides with the first unrestricted winter period for two years
Marston's hoping for a boost from the World Cup
Andrew Andrea, chief executive officer, said: “Looking forward, we are primed to maximise the trading opportunities provided by the forthcoming World Cup and first restriction-free Christmas in three years”
Marston's reports beer prices soaring as sector struggles to contain costs
Food sales have slumped as customers have stopped going to carveries
Marston's warning on costs and brewing arm leads to target downgrade
Broker Peel Hunt cut its full-year pre-tax profit forecasts for this year and next
Marston's sales fall as Omicron keeps patrons away
"Whilst the emergence of the Omicron variant and subsequent government guidance temporarily impacted consumer sentiment, we remain confident that the strong trading momentum which we were experiencing prior to that will resume," said CEO An
Marston's tempts fate by declaring the worst of the pandemic is now over
Marston's positive trading comments come at a time when many in the hospitality, travel and airline sectors are concerned about the potential impact of the Omicron variant of coronavirus
Marston's encouraged by early reopening demand and bookings
All of its 1,500-strong estate reopened their doors on 17 May
Marstons upgraded to 'buy' as hospitality sector's survivors look to benefit from sector shake-out
It has been a tough time for the hospitality sector but broker Berenberg believes the equity of the hard-hit companies ought to be worth more than they were before the pandemic.
Marston's private equity suitor calls time on proposed takeover
Last week the pub company said it unanimously rejected the proposed offer at 105p per share
Marston's receives takeover approach from private equity firm
No price was mentioned and Marston’s said its board will evaluate the proposal and make a further announcement.
Marston’s predicts pub closures will last until March at the earliest
The publican said trading had been “materially disrupted” by COVID-19 related restrictions across England, Scotland and Wales, with revenues for the 13 weeks to January 2 standing at £54mln
Marston’s to operate 156 Brains pubs in Wales
Brains is a family business with a portfolio of 156 pubs, principally located in South and West Wales
Coronavirus: Pubs and restaurants go different ways on new regional tiers announcement
London and Liverpool will be in tier 2 while Manchester, Birmingham and Newcastle will be in tier 3
Coronavirus: London enters tier 2 of lockdown as Marston’s announces job cuts
Businesses are concerned of the financial consequences of the new measures
Marston’s slides as it unveils plans to slash 2,150 jobs
The publican said the new three tier system of restrictions introduced by the UK government earlier this week have undermined consumer confidence and created uncertainty
Coronavirus: Frustrated hospitality sector takes legal action against Westminster's restrictions
Several industry member said there is no scientific evidence justifying closures and the 10pm curfew
Marston's, Carlsberg joint venture cleared by UK authorities
The transaction will complete at the end of October after an investigation on fair competition
Pubs tipped for £210mln drinking spree when they reopen at the weekend
Profits are expected to be 75% lower than usual due to social distancing rules
Marston's confident ahead of pub reopening despite first-half loss
“Our predominately freehold pub estate is less exposed than many of our peers to city centres where we believe the long-term impact of COVID-19 may be more pronounced,” the company said
Marston’s rolls brewing arm into joint venture with Carlsberg
The Wolverhampton-headquartered brewer said it will own 40% of the new venture and get a £273mln cash in return
Marston’s scraps 2020 dividend entirely as it boosts liquidity to ride out lockdown
The pub chain has agreed to borrow an additional £70mln through an increased 180-day bank facility, which coupled with government help and other assistance meant it will have enough cash until the end of the current financial year
Marston’s secures waiver to avoid loan breaches as a result of coronavirus lockdown
The waiver applies to the publican's cessation covenant, which may be breached if its business is suspended for 30 days
Marston’s warns profits to be diluted by "£2-3mln" min wage hike
The pubco grew total like-for-like sales 1% in the 16 weeks to 18 January
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FTSE 100 closes firmly higher but down on the week as virus fears ease
Britain's blue chip index finished up around 78 points at 7,585 on the day
Marston’s update the main focus on Cheeky Pint Friday after Spoon's pleased the City
The market will also keep an eye out for UK flash PMIs to understand whether the Bank of England might cut interest rates next week
Mitchells & Butlers served a double-upgrade but some pubs too frothy for RBC
“While consumer confidence has been boosted post the election, this may be a short-term relief as the trade negotiations start to take place”
Marston’s profits slip amid slower food sales; however, shares tick up on stronger pre-Christmas trading
The FTSE 250 publican reported an underlying pre-tax profit of £101mln, down from £104mln in 2018, which was blamed partly on tough comparatives from last year's hot summer and the World Cup
Marston’s sells 137 pubs to Admiral Taverns
The brewer said it was focused on its objective of reducing net debt by £200mln by 2023 or earlier
Marston’s to sell an extra £30mln in assets to boost debt reduction
In 2019, group turnover was up 3% to £1.2bn, with underlying earnings (EBITDA) broadly flat year-on-year and underlying profit before tax of around £101mln
Marston’s rejigs plans to speed debt reduction as pub sales weaken in third quarter
The publican plans to defer £70mln of the new-build investment planned for the next three years and reallocate £20-30mln into the “organic” spending on pubs that was “generating significantly higher returns”
Investments and investor services
FTSE 100 closes in red as mining stocks weigh
FTSE 100 closed in the red on Wednesday as miners weighed after a sell-off in iron ore in China
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ITV investors watching for Love Island effect as new boy enters villa
The Conservative Party leadership contest was decided by a relatively convincing margin of 92,153 votes to 46,656, while Love Island commands consolidated viewing figures of more than 5mln
JD Wetherspoon’s run of record of profits set to come to an end despite sales surge
As investors have come to expect, sales are once again well up at the pubs group, but soaring costs mean annual profits will likely fall below what was achieved last year
Sales are booming in Britain’s pubs, but soaring costs are drinking up profits
Despite the uncertainty, pubs are still managing to attract plenty of customers, but the growth isn’t being felt as much at the bottom line, with margins being squeezed by soaring costs
Sales are booming in Britain’s pubs, but soaring costs are keeping a top on profits
Despite the uncertainty, pubs are still managing to attract plenty of customers, but the growth isn’t being felt as much at the bottom line, with margins being squeezed by soaring costs
Marston's fizzes higher after reporting strong trading and 'progress' with debt
Improved momentum in the second quarter was being maintained into the second half of the year, with strong Easter trading across all segments of the brewer and pubs operator's business
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FTSE 100 closes higher as Trump trade fears ease
The mid-cap FTSE 250 was also a shade higher - adding around two points at 19,369
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More turbulence likely from first-half numbers from travel firm TUI on Wednesday
Aside from the TUI numbers, blue-chip firms including DIY stores group Kingfisher, contract caterer Compass Group and credit checking firm Experian will also issue updates on Wednesday
Is Loungers biting off more than it can chew with £300mln London IPO?
£300mln seems like a lot of money for a company that most people haven’t heard of, but Loungers is reportedly confident it can achieve that number, and some of its peers suggest it can too
Stifel thinks pub and restaurant equity performance will be driven by companies’ ability to “flex balance sheets”
The US investment bank's analysts said: “We are social animals and eating and drinking out of the home has proved resilient to whatever the economic and political backdrop presents"
Marston’s unsteady as it scales back expansion plans amid ‘increasingly uncertain’ backdrop
The pubs group hopes to shave £200mln from its debt pile over the next few years by slashing investment in new-build pubs and selling off up to £90mln of non-core assets
Marston’s expecting significant pick-up in food-led pubs next year as it delivers record annual profit
It was an “extraordinary year” for the casual dining industry, with the unfavourable weather, World Cup and too many restaurants making life difficult for Marston’s and its food-led pubs
FTSE 100 closes firmly to the good despite EU tensions
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
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Pre-Thanksgiving smorgasbord as plethora of blue-chips report
A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
World Cup and hot summer a double-edged sword for pub operator Marston’s
The warm weather and football meant people were happy to fork out for a few drinks with their friends, but food sales plunged
Investments and investor services
FTSE 100 joins European benchmarks in sea of red; Burberry shares lose appeal
Footsie finished down nearly 92 points, or 1.27%, at 7,145.
Forget gastropubs, ‘wet-led’ pubs are back on top once again
The latest industry data has shown that drink sales are still growing much more quickly than those of food
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Marston's results to show benefits of World Cup and heatwave
The day ahead includes trading updates from Marston's and PageGroup
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Retailers and recruiters in week ahead spotlight with results from N Brown, WH Smith, PageGroup and Hays
The week ahead sees updates from N Brown, WH Smith, Hays, PageGroup, Greggs, RPC Group and Marston's
Record profits for Wetherspoon as Tim Martin urges parliament to reject Chequers deal
“If parliament votes to end tariffs and reject the 'Chequers Deal', consumers and business will benefit additionally by avoiding a cost of £39bn in respect of the EU 'divorce payment' - for which there is no legal obligation”
JD Wetherspoon pulled lower as Citi warns of “continued tough times” for UK consumers
Pub operators have been beset with various issues over the past year or two – weak consumer confidence and sky-high business rates – and Citi doesn’t see things changing any time soon
FTSE 100 sails higher, bolstered by stumbling sterling
The UK blue-chip index finished up over 72 points at 7,504, while the mid-cap FTSE 250 was also higher
Marston's sees stronger trading performance in second half of the year
Given the hot weather and England's extended run in the World Cup, it should be no surprise that the brewing and pubs group has seen an uplift in business