London leisure spend lagging provinces, says Coffer Peach Tracker
17th Feb 2016 08:51
(ShareCast News) - Trading at the UK's largest restaurant food-led pub chains saw an encouraging uplift last month, despite London falling behind its provincial cousins and casual dining outperforming pubs and bars in 'dry January'. Like-like-sales for January for the 31 companies monitored in the C
Read moreFTSE 250 movers: Tullow surges on possibility of being a takeover target
26th Jan 2016 15:04
(ShareCast News) - After a poor start to the day, the FTSE 250 had rebounded to be up 3.95 points (0.02%) at 16,150.93 by mid-afternoon Tuesday. Tullow Oil surged as oil prices stayed above $30 a barrel, compounded by a Bloomberg survey of traders that believed the company was a likely takeover targ
Read moreMarston's reports strong Christmas trading
26th Jan 2016 07:46
(ShareCast News) - Pub operator Marston's reported record Christmas sales on Tuesday, as like-for-like sales grew 3% over the quarter. In a trading update for the 16-week period to 23 January, Marston's said sales in the key two week Christmas trading period to 2 January were up 4.9% despite tough c
Read moreMarston's sales froth higher at year-end with margins ahead
14th Oct 2015 08:45
(ShareCast News) - A year-end trading update from Marston's showed the brewer had enjoyed a strong last few weeks of the year to lift like-for-like sales 1.8% ahead of the previous year. In the 12 months to 3 October, Marston's drove LFL sales growth of 1.7% in food and 1.7% in wet, as expected. In
Read moreFTSE 250 movers: Mitchells and Butlers surges on upgrade, miners lower
22nd Jul 2015 14:40
(ShareCast News) - Mid-caps edged lower on Wednesday, as gains in the construction and insurance sectors were eclipsed by weakness from technology, mining, engineering and oil stocks. As of 1600 BST, the FTSE 250 was trading 0.5% lower at 17,660. Mitchells & Butlers topped the risers after Numis ra
Read moreMarston's trading in line with expectations in 10 months to July
22nd Jul 2015 09:29
(ShareCast News) - Pub operator and brewing group Marston's said trading in the 10 months to July was positive and in line with expectations. In a trading update released on Wednesday, the FSTE 250 group said in the 41 weeks to 18 July, like-for-like sales increased 1.7% year-on-year, with like-for-
Read moreSector movers: Property and beverages shares keep London market in green territory
14th May 2015 15:12
Property, housebuilders and beverages shares kept the London market broadly in green territory on Thursday, as worries in Greece continued to lurk in the background. At 16:24 BST, the FTSE 100 was trading at 6,964.17 up 0.21% or 14.54 property and housebuilding continuing to trade higher off the bac
Read moreMarston's serves up solid interims thanks to pub estate restructuring
14th May 2015 14:56
Pub operator Marston's reported a narrowed pre-tax interim loss on the back of improved sales, proving the efficiency of its business plan. The FTSE 250 group said its pre-tax loss in the six months to 4 April halved year-on-year to £27.5m on revenue up 3% to £384.5m. Underlying profits before tax
Read moreSunday share tips: Marks&Spencer, Gulf Keystone, Lookers
6th Apr 2015 15:20
Buy shares of Marks & Spencer, Questor advised in the Sunday Telegraph. The end to falling sales at M&S's clothing business was an important moment in the investment case for M&S after almost four years when the company had to rely on strong food revenues to help offset clothing's decline. The share
Read moreMarston's buys Wainwright and Lancaster Bomber brewer Thwaites
31st Mar 2015 12:45
Brewer and pub owner Marston's has acquired the beer business of popular Lancashire brewer Thwaites for £25.1m cash. Daniel Thwaites will sell the major part of its beer business, including its premium real ale brands Wainwright Golden Ale and Lancaster Bomber and a 150-strong team of regional sales
Read moreMarston's enjoys strong Christmas and New Year period in all divisions
27th Jan 2015 12:18
Pubs and brewing group Marston's said its financial year has been "encouraging" thanks to a strong Christmas and New Year period. The company said it had a strong Christmas trading period with 4.8% growth in sales, including 12.5% growth on Christmas day in its destination and premium division. Tota
Read moreFriday tips round-up: Associated British Foods, Income stocks
17th Jan 2015 00:50
Discount clothing brand Primark has been the main engine behind the rise in shares of Associated British Foods. However, as the unit's rapid rate of growth in both profits and revenues has slowed down so too the company's stock has fast become overvalued. Over the last five years the shares have ris
Read moreMarston's spills some profits but pub plans on track
27th Nov 2014 08:17
Pubs and brewing group Marston's has served up preliminary annual results in line with City forecasts as it made progress in improving the profitability of its pubs estate. Although underlying group revenues bubbled 1% higher to £787.6m, profit before tax was down 3.6% to £83m, reflecting pub sales,
Read moreSunday newspaper round-up: Aviva-Friends Life, Coutts, Quindell
23rd Nov 2014 18:15
Clive Cowdery, whose Resolution acquisition vehicle bought Friends Provident in 2009, will make about £160m from Aviva's takeover of Friends Life, the Sunday Times said. The roles of chairman, chief executive and finance director at the combined company will go to the Aviva incumbents, according to
Read moreBeer tie vote creates 'significant uncertainty' for pubcos, says Barclays
19th Nov 2014 10:56
Analysts at Barclays have said a de-rating of UK pub stocks is "very likely" after MPs voted to scrap the 'beer tie', meaning that tenants are now allowed an independent rent review and will be able to buy beer on the open market. The government was defeated in a Commons vote on Tuesday with MPs vot
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