All Marston’s articles – Page 13
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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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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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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
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OpinionSector to find more space for rooms
Following the food revolution, the next growth area for the pub sector is gearing up to be accommodation, with a number of operators set to invest significant funds into growing their room stock over the coming 18-24 months and as overseas tourists return to the UK
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Marston's plans to license Fastcask
Marston’s Beer Company managing director Richard Westwood has confirmed that the company is in discussions with rival brewers to license its Fastcask technology, the Publican’s Morning Advertiser, M&C Report’s sister title, can reveal
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NewsDevlin: Government 'incapable' of helping sector
The leisure and sport sectors are being “crushed beneath an untenable burden of tax and regulation” and the Government is “institutionally incapable” of helping, Marston’s chairman Roger Devlin has told a conference in London
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Marston’s to launch next generation carvery concept
Marston’s Inns & Taverns is planning 25 new-build sites housing its rotisserie and carvery concepts next year, including a new take on its carvery format
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Revere lines up next two sites
Revere Pub Company has announced that the White Lion in Tenterden, Kent, and The Florentine in Fulwood, Sheffield, will be become its seventh and eighth sites respectively when they both open next month
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NewsBurns cuts Marston's EPS forecast
Leading analyst Karl Burns has downgraded his full-year earnings per share estimate for Marston’s by c4% following its interim management statement last week
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NewsCollyer downgrades forecast for Marston's
Leading analyst Geof Collyer has downgraded his forecast for Marston’s after its update yesterday, saying the company has a “dull medium term outlook relative to most peers”
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NewsMarston's to sell 400 pubs over two years
Marston’s, the brewer and pub operator, hopes to sell up to 400 pubs over the next two years and is seeing increased interest in its sites recently due to an apparent upturn in the property market, chief executive Ralph Findlay has told M&C Report
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NewsMarston’s to accelerate new builds after strong second half results
Marston’s is accelerating its new-build programme after reporting an “encouraging” performance in the second half of its financial year, helped by good weather and strong sales in its Destination and Premium pubs
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Revere wants more independent sites
Revere Pub Company, the Marston’s-owned premium pub and restaurant operator, plans to acquire more high street independent sites, managing director Colin Sadler has said
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NewsAnalyst corner
Simon French, analyst at Panmure Gordon, looks ahead to Marstons’ pre-close interim management statement next Wednesday (9 October)
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NewsJack cuts Marston’s forecast
A leading analyst has cut his 2013E forecast for Marston’s by 3% following Mitchells & Butlers’ (M&B) poor September update and the pick-up in disposal activity
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Analysis & InsightAll change in beer and pubs
From a sex, drugs and rock ’n’ roll scandal at Scottish & Newcastle to a roller-coaster ride of acquisitions at Marston’s, Stephen Oliver looks back fondly on his time in the trade
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Batram: Marston’s set for solid finish
A leading analyst has sauid that he expects Marston’s to report a solid finish to its financial year with good progress made on its disposal programme