Weather boost for Marston's
4th Aug 2010 08:27
Good weather rather than the World Cup is credited for a recent uptick at pub group and brewer Marston's. "We remain on track to meet our expectations for the financial year and continue to see improving trends in each of our trading divisions. Recent trading has been encouraging, benefiting from g
Read moreMarston's To Increase Retail Agreement Pubs To 600 Over 3 Years
24th Jun 2010 07:49
LONDON (Dow Jones)--Marston's PLC (MARS.LN), an independent brewer and pub operator, said Thursday that over the next three years it expects to increase the number of pubs being operated under the new retail agreement to around 600 from its estate of 1,680 tenanted and leased pubs. MAIN FACTS:
Read moreMARKET TALK: Goldman Sachs Downgrades Marston's To Sell
23rd Jun 2010 08:07
0707 GMT [Dow Jones] Goldman Sachs downgrades Marston's to sell from neutral, adding the name to its pan-European conviction sell list. Goldman says on earnings multiples, Marston's stock is trading at a premium to the sector, to its closest peer Greene King (GNK.LN) and to its own ten-year history.
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
23rd Jun 2010 08:07
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0707 GMT [Dow Jones] Goldman Sachs downgrades Marston's to sell from neutral, adding the name to its pan-European convicti
Read moreUPDATE: UK Pub And Tobacco Sectors Welcome Budget Duty Freeze
22nd Jun 2010 14:07
(Adds detail) LONDON (Dow Jones)--The U.K. government's decision to freeze alcohol and tobacco duty was welcomed by the tobacco and pub sectors Tuesday, while a rise in sales tax to 20% was described as "understandable" given the nation's finances. "We welcome the coalition government's dec
Read moreUK Pub And Tobacco Sectors Welcome Budget Duty Freeze
22nd Jun 2010 13:59
LONDON (Dow Jones)--The U.K. government's decision to freeze alcohol and tobacco duty was welcomed by the tobacco and pub sectors Tuesday, while a rise in sales tax to 20% was described as "understandable" given the nation's finances. "We welcome the coalition government's decision not to increa
Read moreINTERVIEW: Travelodge CEO Sees No Impact From Parent's Woes
17th Jun 2010 06:30
(This story was originally published Wednesday.) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Budget hotel operator Travelodge remains committed to its rapid U.K. expansion rather than further ventures overseas, and will not be affected by the troubles faced by its owner
Read moreCORRECT: Travelodge CEO Sees No Impact From Parent's Woes
16th Jun 2010 16:13
("=INTERVIEW: Travelodge CEO Sees No Impact From Parent's Woes" at 1424 GMT misstated the size of Travelodge's pipeline in the 14th paragraph. The correct version follows.) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Budget hotel operator Travelodge remains committed to
Read moreQueens Speech contains few surprises
25th May 2010 15:24
The coalition government's legislative programme was outlined in the Queen's Speech in the House of Lords on Tuesday, and there was good news for disgruntled Equitable Life policy holders. The government intends to introduce The Equitable Life Bill, which will seek to ensure that "fair and transpar
Read moreLondon close: Footsie slides again on euro woes
20th May 2010 16:34
London took its place in line on another miserable day for European stock markets as concern about the health of Europe sparked a switch into bonds. US shares also slumped as German chancellor Angela Merkel issued more controversial comments, including advocating a hands-on global response to marke
Read moreLondon afternoon: Footsie lower on weak US
20th May 2010 14:24
Futures pointing to a sharp dip in US markets early on knocked blue chips in London as the afternoon session got underway. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy". The broker sa
Read moreLondon midday: Footsie drifts into the red
20th May 2010 12:07
Footsie dipped into negative territory shortly before the lunch time session commenced, with miners largely responsible for the downturn. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy".
Read moreLondon open: Markets start well
20th May 2010 08:46
London's leading shares are posting good gains following the heavy sell-off yesterday. Gas and electricity pipeline grid operator National Grid is a big faller though. The group announced a fully underwritten rights issue to raise £3.2bn as it posted a 57% rise in full year profits. Pre-tax profit
Read moreMarston's confident of meeting expectations
20th May 2010 07:44
Pubs operator Marston's reported a rise in first half profits and said it was confident of meeting expectations for the full year. Profit before taxation and exceptional items was £27.8m in the 26 weeks ended 3 April, 0.4% ahead of last year. Revenue also rose slightly to £309.2m from £307.5m last
Read moreLondon close: Footsie retreats from 21-month high
7th Apr 2010 17:18
An attempted rally by blue-chip stocks petered out in the final hour of trading and the Footsie finished close to its low for the day. Miners were a drag on the index throughout the day though gold miner Randgold Resources was a bright spot. Hedge fund giant Man was the best performer. Last night
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