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Pin to quick picksMarstons Share News (MARS)

Share Price Information for Marstons (MARS)

London Stock Exchange
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Share Price: 36.95
Bid: 36.55
Ask: 37.25
Change: -0.45 (-1.20%)
Spread: 0.70 (1.915%)
Open: 39.00
High: 39.00
Low: 36.65
Prev. Close: 37.40
MARS Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Pantheon Infrastructure mulls buybacks

Fri, 31st Mar 2023 10:28

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

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SMALL-CAP - WINNERS

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Marston's PLC, up 3.1% at 36.71 pence, 12-month range 33.38p-83.5p. The pub chain says its bank and private placement debt facilities have been extended to the end of January 2025. Says the revised debt facilities total GBP340 million, and replace its existing GBP280 million facility. It comprises a GBP300 million revolving credit facility with all its existing and two new banks, and a reinstatement of its GBP40 million private placement. Also notes trading its in line with its expectations, and will announce interim results on May 16.

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Pantheon Infrastructure PLC, up 8.1% at 85p, 12-month range 74.4p-110.5p. The investment fund focusing on infrastructure interests says it's considering a share buyback for up to GBP10 million. This is due to recent share price weakness, which "materially undervalues its portfolio and prospects", it says. Says share buybacks would be an "attractive use of capital", and it would retain enough capital to invest in its pipeline and maintain dividend payments.

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SMALL-CAP - LOSERS

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De La Rue, down 2.5% at 53.62p, 12-month range 50.58p-118.8p. The banknote printer receives a requisition notice for a general meeting. The notice comes from shareholder Crystal Amber Fund Ltd, which holds a 9.8% stake in the firm. Crystal Amber proposes to remove Chair Kevin Loosemoore, and replace him with Pepyn Dinandt. Crystal Amber has hit out at the firm several times in recent months, having previously called for Loosemore to resign. De La Rue notes that a general meeting was called in December for the same proposal, with 95% of votes - aside from Crystal Amber - in favour of Loosemore staying in post.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
14 May 2024 13:10

IN BRIEF: Marston's interim loss widens on impairments but sales rise

Marston's PLC - Wolverhampton, Midlands-based pub and hotel operator - Pretax loss widens to GBP43.5 million in the 26 weeks that ended March 30 from GBP38.1 million a year before, despite a 5.2% rise in revenue to GBP428.1 million from GBP407.0 million. Pub operating profit increases by 22% and net finance costs are reduced, but Marston's takes a GBP16.6 million loss from associates, swung from a GBP2.2 million gain a year before. This relates to an ale brand impairment and onerous contract provision at beer joint venture Carlsberg Marston's Brewing Co.

Read more
14 May 2024 08:17

Marston's delivers 'strong' LFL sales growth in H1, sees busy summer ahead

(Sharecast News) - Brewing company Marston's said on Tuesday that it had delivered "strong" like-for-like sales growth in H1, driving "good growth" in pub operating profits.

Read more
7 May 2024 15:52

UK earnings, trading statements calendar - next 7 days

Wednesday 8 May 
Alliance Pharma PLCFull Year Results
boohoo group PLCFull Year Results
Brighton Pier Group PLCFull Year Results
Cornerstone FS PLCFull Year Results
HydrogenOne Capital Growth PLCTrading Statement
JD Wetherspoon PLCTrading Statement
Light Science Technologies Holdings PLCFull Year Results
OSB Group PLCTrading Statement
Renishaw PLCTrading Statement
Thursday 9 May 
Balfour Beatty PLCTrading Statement
Derwent London PLCTrading Statement
Flutter Entertainment PLC Trading Statement
Harbour Energy PLCTrading Statement
IMI PLCTrading Statement
ITV PLCTrading Statement
John Wood Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Spire Healthcare Group PLCTrading Statement
Synthomer PLCTrading Statement
Wheaton Precious Metals CorpQ1 Results
Friday 10 May 
CRH PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
Monday 13 May 
Cerillion PLCHalf Year Results
Diploma PLCHalf Year Results
HgCapital Trust PLCQ1 Results
Huddled Group PLCFull Year Results
Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
15 Mar 2024 13:23

IN BRIEF: Marston's CEO Justin Platt buys GBP100,000 in shares

Marston's PLC - Wolverhampton, England-based operator of around 1,400 pubs - Chief Executive Officer Justin Platt buys 347,886 shares at 28.60 pence, worth GBP99,495, on Thursday.

Read more
11 Mar 2024 10:05

SMALL-CAP WINNERS & LOSERS: Vanquis shares hit by profit warning

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

Read more
11 Mar 2024 08:36

Marston's Chair William Rucker to leave to take chair of British Land

(Alliance News) - British Land Co PLC on Monday said it appointed Marston's PLC Chair William Rucker as chair designate, with Rucker leaving the Marston's board as a result.

Read more
11 Mar 2024 07:45

LONDON BRIEFING: Currys suitor rules out bid; Vanquis warns on 2024

(Alliance News) - Stocks in London are called to open lower on Monday, in a nervy start to the week ahead of US inflation data due on Tuesday.

Read more
11 Mar 2024 07:22

British Land to steal chair from Marston's

(Sharecast News) - Real estate group British Land has announced that William Rucker, the chair of Marston's, is to become its new chair designate in the summer and will leave the pub and hotel operator after five and a half years on the job.

Read more
6 Mar 2024 13:45

UK alcohol industry welcomes "much-needed certainty" on duty freeze

(Alliance News) - The alcohol industry in the UK on Wednesday welcomed the extension of the alcohol duty freeze as "some much-needed certainty and stability" for the industry and consumers alike.

Read more
23 Jan 2024 16:52

LONDON MARKET CLOSE: Investors unsure ahead of key central bank calls

(Alliance News) - Stock prices in London closed mixed on Tuesday, looking ahead to central bank decisions from the European Central Bank and US Federal Reserve, while also reacting to falling government borrowing in the UK.

Read more
23 Jan 2024 09:55

SMALL-CAP WINNERS & LOSERS: Henry Boot warns on 2024 profit

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

Read more
23 Jan 2024 09:54

Marston's celebrates Christmas trading growth; optimistic for future

(Alliance News) - Marston's PLC on Tuesday reported strong trading over Christmas ahead of its annual general meeting as it expected to build on the trading momentum to maximise its future potential.

Read more
23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.

Read more
23 Jan 2024 07:52

Marston's reports solid holiday sales growth

(Sharecast News) - Pub operator Marston's said in an update on Tuesday that total retail sales in both its managed and franchised pubs rose 8.8% year-on-year in the 16 weeks to 20 January.

Read more
23 Jan 2024 07:44

LONDON BRIEFING: Crest Nicholson names Persimmon's Martyn Clark as CEO

(Alliance News) - Stocks in London are called higher on Tuesday, as largely positive sentiment prevails across global equity markets.

Read more

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