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Pin to quick picksMarstons Share News (MARS)

Share Price Information for Marstons (MARS)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 40.75
Bid: 40.70
Ask: 40.95
Change: -0.35 (-0.85%)
Spread: 0.25 (0.614%)
Open: 40.75
High: 41.35
Low: 40.50
Prev. Close: 41.10
MARS Live PriceLast checked at -

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UK BUDGET: Reeves delivers win for gambling stocks and cheer for pubs

Wed, 30th Oct 2024 14:14

(Alliance News) - Shares in betting firms leapt after Wednesday's budget contained no rumoured tax changes, while a cut in beer duty provided cheer to pub operators.

Earlier this month, the Guardian suggested that the Treasury was considering proposals to increase gaming duty from two think-tanks which could have raised as much as GBP3 billion.

However, Reeves was silent on the subject, sending share prices higher.

Shares in Entain PLC, which owns bookmakers Ladbrokes and Coral, leapt 6.7% to 760.91 pence each in London on Wednesday. Shares in William Hill owner Evoke PLC soared 10% to 58.47p. Flutter Entertainment, which owns Paddy Power and Betfair, climbed 6.3% to 18,250.00p, while casino and bingo operator, Rank jumped 6.6% to 89.58p.

Entain was the best performer on the FTSE 100. The wider FTSE 100 index was down 0.2%.

Reeves also provided cheer for pub operators cutting the draught duty on alcoholic drinks by 1.7%, meaning "a penny off a pint in the pub".

Shares in JD Wetherspoon climbed 2.9% to 667.50 pence and Marston's PLC rose 6.6% to 42.32 pence.

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Marston's confident for Christmas and future as swings to profit

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