By M&C Report team2006-11-26T08:42:00+00:00
MCA caught up with Ralph Findlay, chief executive of Marston’s, following the group’s Q3 trading update. He discussed the group’s increasing focus on premium pubs and the benefits of a technology upgrade. While describing the pingdemic as a “severe headache” and voicing concerns around VAT and price rises, he was nonetheless optimistic about the pub sector’s potential for recovery.
Marston’s Q3 trading update has been welcomed by analysts, with Shore Capital describing it as an “encouraging update”, while Singer described it as “highly pleasing.” With limited impact from either cost inflation and pingdemic related labour issues analysts either maintained or upgraded to a buy recommendation.
Mitchells & Butlers is seeing ”signs of improvement” in trading following the easing of restrictions from July 19. Sales have been “volatile” since May 17, experiencing strong sales during the first five weeks, followed by slower than average trading, with city-centre sites most impacted.
Originally announcing plans to go public as a standalone company in April, in the event it was a trade buyer that sealed the deal for Hawthorn.
Tokyo Industries CEO Aaron Mellor has described proposals for nightclubs to check vaccine passports as “impossible to enforce”.
Research shows the vast majority of young people aged 18-30 plan to responsibly return to late night leisure venues, with three quarters of respondents happy to adhere to government guidelines and measures. Yet, average spending could be 7% lower.
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