All Marston’s articles – Page 2
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Analysis & InsightMarston’s turns round ‘historically disappointing’ cash generation
Analysts said the pub company’s latest trading update was “highly encouraging,” with increasing balance sheet flexibility and the potential for an upward revision of its property valuation
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NewsMarston’s achieves 4.8% rise in like-for-likes
The pub operator reported total retail sales for its managed and franchised pubs of +5.8% for the 52 weeks to 28 September 2024, with food sales particularly encouraging.
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NewsAdmiral acquires 18 pubs from Marston’s
The portfolio of wet-led establishments spans the UK, located in counties including Dorset, Derbyshire, and Yorkshire, and will bring Admiral’s estate to over 1,420 sites
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NewsMarston’s completes disposal of stake in Carlsberg JV
The pub group announced on 8 July 2024 that it will sell its stake for £206m in cash to a subsidiary of Carlsberg
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NewsMarston’s disposal of Carlsberg JV a ‘transformational transaction’
In a trading update, CEO Justin Platt said selling its 40% stake in Carlsberg Marston’s Brewing Company marks a pivotal step to become a focused, pure-play pub company
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OpinionCarlsberg expands its horizons
While Marston’s is narrowing its focus onto pubs, Carlsberg has successfully snaffled Britvic and is going the other way. Dominic Walsh explores the latest in M&A in the drinks industry
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NewsMarston’s tops PCA survey for second consecutive year
Tenants were the most satisfied with their relationship with Marston’s, Admiral, and Greene King, whereas Stonegate tenants were the least satisfied
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NewsMarston’s to sell stake in Carlsberg JV
The deal will see the pub group sell its 40% in Carlsberg Marston’s Brewing Company for £206m in cash to become a pure play hospitality business, while accelerating its debt reduction plans
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NewsKen Lever joins Marston’s as non-exec
Lever was previously non-executive chair of Biffa and RPS Group, and succeeds William Rucker as independent non-executive at the pub company
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InterviewsMarston’s growth driven by ‘low tempo’ occasions
Speaking to MCA after taking the reins at the pub company, new CEO Justin Platt discusses how lower ticket visits are proving fruitful for the community operator, the parallels between pubs and theme parks, and what his future strategy might look like
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NewsMarston’s outperforms market
Like-for-like sales growth stood at 7.3% in H1 2024, with pub operating profit growing 22% for the 1,395-strong pub operator
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NewsMarston’s chair to step down
William Rucker will step down from the pub company in July to focus on a new role as chairman of British Land
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NewsMarston’s launches new partnership agreement
Called Marston’s Partnership, the new agreement is designed to be designed to be more “transparent and reflective of today’s world” of cost pressures
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NewsAndrew Andrea joins C&C Group as CFO
The former Marston’s CEO will reconnect with C&C chairman Ralph Findlay, who he worked alongside for many years at the pub company and brewer
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NewsCarlsberg Marston’s Brewing Company to close Ringwood Brewery
The joint venture has been trying to sell the Hampshire brewery since June, but will close it in January after being unable to find a buyer
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InterviewsMarston’s: ‘It’s been a year of simplification’
Marston’s streamlined estate and strong set of financial results leave the pubco in good stead as incoming CEO Justin Platt takes over, CFO Hayleigh Lupino tells MCA
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NewsMarston’s grows revenues and pub operating profit
Revenues were up 9% to £872.3m (2022: £799.5m), as the company targets ‘back to a billion’ in sales
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NewsNew non-executive director at Marston’s
Rachel Osborne will replace Matthew Roberts as non-executive director and chair of the audit committee, with effect from 23 January
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OpinionDominic Walsh: All hell breaks loose in the leisure sector
Dominic Walsh offers his take on a flurry of activity, including changes at the top at Marston’s, another big payday for City Pub Co’s Clive Watson, and a farewell to Stonegate chairman Ian Payne after 50 years in pubs
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InterviewsMarston’s: ‘When customers come out, they’ll spend’
The pub operator is encouraged by customer resilience, and sees a higher degree of cost stability and visibility, CEO Andrew Andrea tells MCA