Shares in Marston’s fell 4% to 392.5p at close of trading yesterday, amid speculation that the number of its outlets affected by the flooding in central and western England ran into three figures. Sources close to the company suggested the number of pubs affected had not been as many as rumoured, while KBC Peel Hunt said the fall in the share price was an overreaction. The broker said that company would be insured against any loss of business and that the flooding had only affected a tiny proportion of its estate. It said: “The effect is clearly temporary and does not affect the validity of the Marston’s proposition, nor its underlying asset-backed value, which we continue to rate at 500p.”