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Pin to quick picksFuller Smith & Turner Share News (FSTA)

Share Price Information for Fuller Smith & Turner (FSTA)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 880.00
Bid: 842.00
Ask: 898.00
Change: 0.00 (0.00%)
Spread: 56.00 (6.65%)
Open: 880.00
High: 880.00
Low: 880.00
Yest. Close: 880.00
FSTA Live PriceLast checked at -

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Wetherspoon rises but Sunak disappoints on pub support

Wed, 3rd Mar 2021 15:34

(Sharecast News) - Shares of JD Wetherspoon and Mitchells & Butlers rose after Chancellor Rishi Sunak provided limited support for the UK's pubs in his budget.
Sunak extended the reduced 5% rate of VAT for hospitality businesses from 31 March to September followed by a still-lower rate of 12% until March 2022. The move should allow pubs currently shut under lockdown to benefit from lower VAT on food and soft drinks when they reopen.

Wetherspoon, which relies on food for about a third of its sales, were up 5.5% to £13.15 at 15:50 GMT though the shares were down from their session high of £13.32. M&B shares rose 5.2% but were also lower than their intraday peak.

There was no reduction of VAT on alcohol served in bars, leaving so-called wet-led pubs with no extra support though Sunak froze alcohol duty. Shares of Fuller, Smith & Turner, which brews its own beer and whose pubs rely more on alcohol sales, fell 4.5% to 854p.

Dawn Hopkins, vice-chair of the Campaign for Pubs, said: "Rishi Sunak either still doesn't understand or doesn't care about the classic community-led pub as he has yet again discriminated against them with a food-only VAT cut that funnels millions to the likes of McDonald's and KFC, who don't need it but does nothing for wet-led pubs."

Shares of Marston's, which sold most of its brewing business to Heineken last year and whose pubs concentrate on serving meals, rose 3.6% to 98.96p. Young & Co, which sold no longer brews beer, rose 3.6% to £14.81.

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Fullers poaches Domino's Pizza CFO Neil Smith

(Sharecast News) - Neil Smith, chief financial officer of Domino's Pizza, is leaving the company to become finance director of pub chain Fuller, Smith & Turner.

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BUSINESS UPDATES: HSBC issues notes; discoverIE reports profit fall

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LONDON MARKET MIDDAY: Carriers spared but pubs fall to UK virus worry

LONDON MARKET MIDDAY: Carriers spared but pubs fall to UK virus worry

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9 Apr 21 09:43

BROKER RATINGS: Davy starts Rentokil and Bunzl with Outperform

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1 Apr 21 09:35

IN BRIEF: Fuller, Smith & Turner raises GBP54 million via placing

IN BRIEF: Fuller, Smith & Turner raises GBP54 million via placing

31 Mar 21 20:42

IN BRIEF: Fuller, Smith & Turner to raise GBP54 million via placing

IN BRIEF: Fuller, Smith & Turner to raise GBP54 million via placing

31 Mar 21 11:26

UPDATE 2-Banks, energy stocks drag FTSE 100 lower as Deliveroo slumps on debut

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deliveroo shares plunge in market debut* Q4 GDP +1.3% vs preliminary estimate +1.0%* Topps Tiles falls on lower half-year sales* FTSE 100 d...

31 Mar 21 09:41

Fuller's announces £53m placing ahead of reopening

(Sharecast News) - Fuller, Smith & Turner announced on Wednesday that it was looking to raise around £53m in a share placing to help with the reopening of its pubs in April, as it said full-year revenues are expected to be down 80% on the year.

31 Mar 21 07:45

Wetherspoon rises but Sunak disappoints on pub support

(Sharecast News) - Shares of JD Wetherspoon and Mitchells & Butlers rose after Chancellor Rishi Sunak provided limited support for the UK's pubs in his budget.

3 Mar 21 15:34

EXECUTIVE CHANGES: Marlowe Poaches From Fullers; RM Promotes To CEO

EXECUTIVE CHANGES: Marlowe Poaches From Fullers; RM Promotes To CEO

26 Feb 21 17:14

Fullers FD Adam Councell to step down, take up job at Marlowe

(Sharecast News) - Pub and hotels group Fuller, Smith & Turner said on Friday that Adam Councell plans to step down as finance director.

26 Feb 21 08:47

SMALL-CAP WINNERS & LOSERS: Hollywood Bowl Up Before UK Curbs Roadmap

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22 Feb 21 10:52

BROKER RATINGS: Bank Of America Says Buy Aviva; Peel Cuts Fuller's

BROKER RATINGS: Bank Of America Says Buy Aviva; Peel Cuts Fuller's

22 Feb 21 09:44

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