The M&C20 (at 1,271) escaped the worst ravages of a week that saw the FTSE All Share Index plummet by 3.2% to 1,027.
By comparison, a third week of largely flat growth for the UK’s leisure sector stocks moved the M&C Index to its highest level in relative terms, nearly 24% ahead of the wider stock market.
Marston’s (up 5.3% to 156.9p) and TRG (up 4.7% to 694.4p) were this week’s star performers – the latter having has its target price hoisted yesterday by Barclays from 675p to 750p.
The other notable risers were Cineworld (up 3.4% to 322.4p), Prezzo (up 3.3% to 160.4p) and Punch, which bounced back 4.5% from recent falls to finish the week on 11.5p.
Wetherspoon’s fell 2.3% to 815p this week, after posting half-year like-for-like sales up 5.2% and profits up 8.3% this morning. Panmure Gordon reiterated its Buy recommendation and 875p target price.
And Spirit Pub Company slipped 1.2% to 82p despite expectations of strong first-half results next Tuesday and a low valuation relative to most peers. It remains the subject of rumours that it is among the suitors in the £200 million-plus Orchid Group auction.
Other fallers this week included: Enterprise Inns (down 3.8% to 148.8p), Fuller’s (down 2.3% to 935.5p) and M&B (down 1.6% to 484.7p).