All Marston’s articles – Page 13
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NewsRevere to up expansion plans
Revere Pub Company, Marston’s premium pub arm, is in negotiations on a couple of high street sites as it looks to add to its 18-strong Pitcher & Piano estate and unbranded portfolio this year
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NewsMarston's to launch franchise committee
Marston’s, the brewer and pub operator, is set to launch its first franchise committee to involve its franchisees in “consultation and decision making processes” across a range of areas
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NewsFrench reiterates Hold for Marston's
Leading analyst Simon French has reiterated his Hold recommendation and 150p Target Price for Marston’s after a “slightly better than expected” trading update
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NewsMarston's Destination and Premium festive lfls grow 3.3%
Marston’s, the brewer and pub operator, saw like-for-like sales grow 3.3% over the key festive period (three weeks to 3 January) in its Destination and Premium division
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NewsJack: Marston’s to have made good progress
A leading analyst has said that although Marston’s faces the hardest comps and has limited exposure to London, he expects the company to have made good progress over Christmas
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NewsMarston's markets £6.6m sale and leaseback
Marston’s is marketing the freehold of a landmark Pitcher & Piano site in Newcastle on a sale and leaseback basis for offers in excess of £6.6m
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NewsMarston's places 26 pubs on the market
Marston’s, the brewer and pub operator, has placed a package of 26 pubs on the market with Sidney Phillips, M&C Report has learnt
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NewsNo annual bonuses for Marston’s exec directors
No annual bonuses were paid to Marston’s executive directors in its most recent financial year and the company plans to limit future payments under its long term incentive plan (LTIP), according to Marston’s Annual Report
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NewsMarston's urges code exemption for franchises
Marston’s has told the Government that its Franchise Agreement should be exempt from the proposed statutory pubco code
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NewsMarston’s accelerating towards managed pub operator status
A leading analyst has said that the recent full-year results from Marston’s provided further evidence of the company accelerating the transformation process to become a predominately managed pub operator
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Opinion
A surprise and a space race
After a long interview process, which allowed him to get to know Mitchells & Butlers’ (M&B) people, and business fundamentals, and also hear a candid assessment from the board on what they thought needed to be done to transform the company, Alistair Darby admits that there was only one surprise awaiting him when he took up his new role as chief executive last October
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NewsAnalyst corner
Douglas Jack at Numis says Marston’s is a buying opportunity following its full-year results yesterday, with medium-long term growth prospects “significantly enhanced”
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NewsMarston's: Package disposal, estate plan, menus, lodges
M&C Report takes a closer look at the full-year results for 5 October for Marston’s and talks to Peter Dalzell, managing director of Marston’s Inns and Taverns
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News
FY lfls up 2.2% across Marston’s P&D estate
Marston’s has this morning reported that total like-for-like sales were up 2.2% across its premium & destination estate for the year to 5 October against the previous year, with growth in the second half year of 4.1%
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NewsMarston's sells £90m portfolio for alternative uses
Marston’s, the brewer and pub operator, has announced that it has disposed of 202 pubs for £90m to NewRiver Retail Limited, a specialist REIT focused on the UK food and value retail sector, which intends to convert the portfolio to alternative uses
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News
Jack: Marston's disposals mean long term earnings growth
Leading analyst Douglas Jack says he believes Marston’s repositioning of its pub estate should allow it to generate double-digit earnings growth over the long-term, although increased disposal activity led him to cut his pre-tax profit forecast for 2014 and 2015
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NewsMarston's sells 202 pubs for £90m
Marston’s, the brewer and pub operator, has announced that it has disposed of 202 pubs for £90m to NewRiver Retail Limited, a specialist REIT focused on the UK food and value retail sector
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NewsFrench: Marston’s strategy “relatively risky”
A leading analyst has said that he believes Marston’s strategy of accelerating disposals of bottom-end wet-led pubs whilst allocating more capital to new build food-focussed managed pubs remains relatively risky given the step up in industry supply
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News
Collyer: premium and destination key at Marston’s
A leading analyst has forecast that full-year group revenue at Marston’s will have increased 4.8% with the top end of its retail division being the major driving factor (+7.9%)
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NewsP&P refurbs Tunbridge Wells site
Pitcher & Piano, the Marston’s-owned bar chain, is to open its site in Tunbridge Wells, Kent, following a £400,000 refurbishment that will see it move away from being a late-night venue