The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMarstons Share News (MARS)

Share Price Information for Marstons (MARS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 27.60
Bid: 27.60
Ask: 27.90
Change: 0.00 (0.00%)
Spread: 0.30 (1.087%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 27.60
MARS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Marston's revenues flow to record levels in 'outstanding year'

Wed, 21st Nov 2018 09:48

(Sharecast News) - Marston's reported record annual sales on Wednesday, though profits dived due to a revaluation of the pub chain's estate.For the 12-months ended 31 August statutory revenue grew by 13% to £1.14bn and statutory profit before tax dropped by 46% to £54.3m, though underlying pretax profit increased by 4% to £104m.An external estate valuation undertaken in the period resulted in a £39.8m charge to the statutory income statement, while a net revaluation increase of £8.6m was also recognised in the revaluation reserve in respect of property revaluations undertaken in the period.Like-for-like sales increased by 0.6% as wet-led pubs outperformed those that prioritised food, with weather extremes and one-off events such as the World Cup leading to an "extraordinary year".Marston's kept its final dividend at 4.8p per share and had cash and cash equivalents of £41.4m, down from £54.6m at the same point last year.Ralph Findlay, chief executive of Marston's, said: "Marston's has performed well in a difficult market. Our balanced business model has stood us in good stead, delivering record sales and underlying profits with revenue exceeding £1.1 billion for the first time. Our Taverns wet-led community pubs and market-leading brewing business had an outstanding year."Looking forward, the business remains cautious on its outlook given the nature of ongoing Brexit negotiations, but noted that risks were "manageable" as almost the entirety of its business lies in the UK.Principle risks are therefor the sustained supply of food and drink from the continent, though the AIM traded company highlighted that alternative sources could be used."Macro-economic and political uncertainty is reflected in our capital plans this year. However, the outlook for good pubs and brewing remains attractive and Marston's is well placed to leverage the opportunity this presents with our high quality, well invested estate, leading brands and great people. We expect to make positive progress once again in the current financial year," said Findlay.Marston's shares were up 0.22% at 99.70p at 1019 GMT.
More News
15 Mar 2023 12:54

Britain helps pubs by raising 'draught relief' on beer

LONDON, March 15 (Reuters) - Britain's finance minister Jeremy Hunt offered extra help to pubs by reducing the tax paid on draught beers and ciders, resulting in the duty paid on a pint served in a bar undercutting the rate paid by supermarkets by up to 11 pence.

Read more
24 Jan 2023 17:01

LONDON MARKET CLOSE: Stocks broadly higher despite UK recession fears

(Alliance News) - Stocks in London were broadly higher on Tuesday as a strong performance from UK-listed firms offset worries about the UK economy following the release of gloomy economic data.

Read more
24 Jan 2023 10:08

SMALL-CAP WINNERS & LOSERS: Saga performs in line with expectations

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

Read more
24 Jan 2023 09:33

LONDON MARKET OPEN: FTSE 100 lags as other indices make headway

(Correcting December borrowing figure to billion.)

Read more
24 Jan 2023 09:32

Marston's annual sales rise as pub chain recovers from Covid

(Alliance News) - Marston's PLC on Tuesday backed its annual outlook, as it reported strong sales during the festive period.

Read more
24 Jan 2023 09:20

Marston's LFL sales grow over key Christmas trading period

(Sharecast News) - Pub chain Marston's said on Tuesday that like-for-like sales had surged over the Christmas trading period.

Read more
24 Jan 2023 09:14

LONDON MARKET OPEN: FTSE 100 lags as other indices make headway

(Alliance News) - Stock prices in London opened mixed on Tuesday, with the FTSE 100 underperforming, as a more positive mood prevailed elsewhere.

Read more
24 Jan 2023 08:51

Rail strikes fail to derail Christmas sales for UK pub group Marston's

Shares gain more than 4% in morning trade

*

Read more
24 Jan 2023 07:53

LONDON BRIEFING: AB Foods says Primark has "very strong Christmas"

(Alliance News) - Stock prices in London were expected to open flat on Tuesday, after data showed UK government borrowing continued to break monthly records.

Read more
18 Jan 2023 09:47

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
12 Dec 2022 09:34

LONDON BROKER RATINGS: Jefferies raises John Wood to 'buy' from 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
7 Dec 2022 10:56

SMALL-CAP WINNERS & LOSERS: Topps Tiles chair faces ouster attempt

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more
6 Dec 2022 14:25

Marston's swings to annual profit as trading returns to normal

(Alliance News) - Marston's PLC on Tuesday said it swung to an annual profit as it returned to more normalised trading, despite a disrupted Christmas period due to Omicron.

Read more
6 Dec 2022 08:22

Marston's sees sales return to 99pc of pre-Covid levels

(Sharecast News) - Pub operator Marston's said on Tuesday that its full-year like-for-like sales were 99% of the pre-Covid comparator in 2019, despite a disrupted Christmas period last year amid the emergence of the highly contagious 'Omicron' variant.

Read more
28 Nov 2022 16:12

Marston's delays FY results release; hails 'encouraging' trading

(Sharecast News) - Pub chain Marston's said on Monday that trading since the year-end has been encouraging, as it announced a delay to the publication of its final results.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.