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Share Price Information for Marstons (MARS)

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Share Price: 32.00
Bid: 31.80
Ask: 32.15
Change: -0.05 (-0.16%)
Spread: 0.35 (1.101%)
Open: 31.40
High: 32.05
Low: 31.05
Prev. Close: 32.05
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UPDATE 2-UK mid-caps fall as new COVID restrictions hit pubs, restaurants

Wed, 09th Sep 2020 09:59

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)

* AstraZeneca pauses trials of coronavirus vaccine

* England to ban gatherings of more than six people

* No-deal Brexit fears send pound to six-week low

* FTSE 100 up 1.0%, FTSE 250 off 0.5%
(Updates prices, adds movement of bars and pubs)

By Shashank Nayar

Sept 9 (Reuters) - London's mid-cap equities index slipped
for a second straight day on Wednesday as British Prime Minister
Boris Johnson geared up to announce new restrictions on social
gatherings in England to tackle a surge in COVID-19 cases.

Pub and restaurant owners including J D Wetherspoon Plc
, Marston's Plc and Restaurant Group Plc
fell between 2.5% and 7.9% as Johnson prepared to ban groups of
more than six people from meeting.

The mid-cap FTSE 250 index slipped 0.5%, widely
underperforming a 0.7% jump in European stock markets, while the
domestic travel and leisure index lost 2.0%.

"The new social restrictions have led to some panic selling,
especially in some restaurant and pub stocks, with the
possibility of further downfall if more Draconian restrictions
are imposed," said Keith Temperton, a sales trader at Forte
Securities.

Meanwhile, export-heavy firms propped up the blue-chip FTSE
100 as the pound slid to a six-week low after new UK
legislation on post-Brexit plans stoked fears of a derailment of
trade talks with the European Union.

Gains on the index were limited as AstraZeneca Plc's
1.5% decline weighed after the company said an unexplained
illness in a study participant had led it to pause global trials
of its experimental coronavirus vaccine.

Hopes for vaccines and treatments to address the pandemic
have helped lift global equity benchmarks after a crash earlier
this year.

The FTSE 100 has gained nearly 19% from its March lows as
Britain lifted a nationwide lockdown, but the export-heavy index
is still about 23% below its pre-pandemic highs as surging
COVID-19 cases threaten a nascent business recovery.

In company news, shares in Britain's biggest domestic bank
Lloyds edged lower as it said it was making 865
redundancies, with lenders resuming cost-cutting measures to
ride out the impact of the pandemic.
(Reporting by Shashank Nayar in Bengaluru; Editing by Saumyadeb
Chakrabarty and Mark Potter)

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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.

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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.

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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.

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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.

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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.

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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.

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23 Jan 2024 16:52

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

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23 Jan 2024 09:55

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23 Jan 2024 09:54

Marston's celebrates Christmas trading growth; optimistic for future

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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.

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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

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