All Marston’s articles – Page 6
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NewsGoodbody and JP Morgan on Marston’s
Goodbody has said it retains its “cautious view” on Marston’s in terms of investment due to the fact it has endured an extended period of muted like-for-like growth, it said in a note following Marston’s preliminary full-year results update on Wednesday (27 November).
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NewsRalph Findlay: ‘We are behind the market on food’
Marston’s is to adopt a “renewed focus” on the proposition in its food-led pubs after falling behind the market with its offer, chief executive Ralph Findlay told MCA.
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NewsGlickman to step down as NED at Marston’s
Marston’s has announced that Catherine Glickman is to step down as a non-executive director.
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NewsMarston’s confirms deal with Admiral on pub disposals
Marston’s has announced that it has reached an agreement for the disposal of 137 of its pubs to Admiral Taverns, for £44.9m.
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NewsMarston’s announce changes to the board
Marston’s has announced that Bridget Lea and Octavia Morley will join its board as independent non-executive Directors from 1 September 2019 and 1 January 2020 respectively. Lea is current MD (North) at Sainsbury’s and previous held roles at M&S, Clark, Uniqlo and O2.
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OpinionAnalysts corner: Marston’s
Following Marston’s trading update for the 42 weeks to 20 July 2019, leading analysts from JP Morgan, Peel Hunt, Liberum and Goodbody share their reactions to the figures, which have been described as “slightly disappointing” in Q3.
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Analysis & InsightAuthenticity and quality key to spend says Marston’s in On Trade Beer Report
Authenticity and quality are key to increasing consumer spend at the bar, helping a venue stand out from the competition and ensuring customers return, says Marston’s in its latest On Trade Beer Report.
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NewsHow robotics and machine learning are boosting efficiency at Marston's
Marston’s is ramping up its adoption of the latest technology, including machine learning and robotics. Head of technology services, Richard Cockbill, and head of technology, Paul Hume, talk to Andrew Don about how the technology is being applied and the benefits of it freeing up staff for other jobs.
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NewsCAMRA labels Marston's decision to axe cask ale as "extreme"
The Campaign for Real Ale (Camra) has condemned Marston’s cull of cask ale at its Scottish managed pubs as “extreme”.
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NewsMarston’s sees H1 growth across the board
Marston’s saw like-for-like sales (lfls) across its managed and franchised pubs grow 2.2% in the 26 weeks to 30 March, with a 3.2% hike in the final 10 weeks of the period.
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OpinionAnalysts corner: Marston’s
With Marston’s due to release its interim results tomorrow, Goodbody takes a look at what it expects and the key questions it would like answered in the update.
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NewsFindlay: ‘It will be tough to match lfls growth in Taverns estate next summer'
Marston’s chief executive Ralph Findlay has told MCA it would be ‘tough’ for its Taverns estate to match the like-for-like sales growth seen within its managed and franchised pubs this year (+3.8%, in 2019.
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Analysts corner: JP Morgan on Marston’s
Leading analyst Alexander Mees, from JP Morgan, says there is every reason to expect a ‘normal’ year in FY19, with the recovery in Destination & Premium and a flatter performance by Taverns.
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NewsMarston’s appoints new chairman
Marston’s has appointed William Rucker, the UK chief executive of investment bank Lazard, as chairman with effect from 1 October.
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NewsAnalysts corner: Goodbody on Marston’s, Caffè Nero and Costa Coffee
Performance within Marston’s Destination & Premium estate was ‘somewhat disappointing’, according to leading analysts at Goodbody, whereas Caffè Nero’s strong revenue growth is giving Whitbread’s Costa Coffee some cause for concern
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NewsAnalysts corner: Shore Capital on Marston’s
Analysts at Shore Capital have suggested that Marston’s faces its own “Gordian knot of balancing debt, dividend and capital investment” and that the best solution may be an all-share merger with a comparable drinks business, such as C&C Group.
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NewsMarston’s “will continue to land bank sites”
Marston’s chief executive Ralph Findlay has told MCA the group will continue to land bank sites despite revising down its growth targets for next year.
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NewsMarston’s H1: Taverns lfls up 2.9% but Destination suffers
Marston’s saw like-for-like sales in its Destination arm fall 1.8% in the 26 weeks to 31 March, but its Taverns division reported a 2.9% uptick.
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Focus on: Marston’s Destination
Iain Jackson, who heads up Marston’s c350-strong Destination division spoke to MCA about the growth of the group’s Firebrand and Accent divisions and the scope he sees for further expansion. He also discussed how he has restructured his teams into smaller units that can react more swiftly to changing consumer trends, and the creation of a dedicated openings team, to follow sites through from acquisition to the handover to ops teams.
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News
Marston’s appoints interim chairman
Marston’s has appointed Carolyn Bradley as interim chairman of the board, with effect from 1 June 2018.