Company
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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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
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
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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The mid-cap FTSE 250 was also a shade higher - adding around two points at 19,369
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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
£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
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"
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
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
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
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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
The warm weather and football meant people were happy to fork out for a few drinks with their friends, but food sales plunged
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Footsie finished down nearly 92 points, or 1.27%, at 7,145.
The latest industry data has shown that drink sales are still growing much more quickly than those of food
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The day ahead includes trading updates from Marston's and PageGroup
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The week ahead sees updates from N Brown, WH Smith, Hays, PageGroup, Greggs, RPC Group and Marston's
“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”
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
The UK blue-chip index finished up over 72 points at 7,504, while the mid-cap FTSE 250 was also higher
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
