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Marston's PLC (MARS.L)

MARS.L on London Stock Exchange

108.60GBp
11:35am EDT
Change (% chg)

0.60 (+0.56%)
Prev Close
108.00
Open
108.30
Day's High
109.80
Day's Low
107.40
Volume
2,084,432
Avg. Vol
2,733,767
52-wk High
147.70
52-wk Low
95.90

Latest Key Developments (Source: Significant Developments)

Marston's says chairman Roger Devlin quits​
Thursday, 15 Mar 2018 03:01am EDT 

March 15 (Reuters) - Marston's Plc ::‍THAT ROGER DEVLIN HAS INFORMED BOARD OF HIS INTENTION TO STEP DOWN FROM HIS ROLE AS CHAIRMAN​.‍IT HAS BEEN AGREED WITH BOARD THAT THESE CHANGES WILL TAKE EFFECT FROM 31 MAY 2018; PROCESS FOR A REPLACEMENT IS UNDERWAY AND AN UPDATE ON SUCCESSION WILL BE PROVIDED IN DUE COURSE.​.  Full Article

Persimmon names Roger Devlin as chairman ​
Thursday, 15 Mar 2018 03:01am EDT 

March 15 (Reuters) - Persimmon Plc ::‍PLEASED TO ANNOUNCE APPOINTMENT OF ROGER DEVLIN AS CHAIRMAN FROM 1 JUNE 2018.​.  Full Article

William Hill Says Appoints ‍Roger Devlin As Chairman Designate​
Wednesday, 20 Dec 2017 02:00am EST 

Dec 20 (Reuters) - William Hill Plc ::WILLIAM HILL APPOINTS CHAIRMAN DESIGNATE​.‍ROGER DEVLIN WILL JOIN BOARD AS CHAIRMAN DESIGNATE ON 1 FEBRUARY.‍ROGER DEVLIN WILL BE APPOINTED CHAIRMAN ON 2 APRIL 2018 WHEN GARETH DAVIS WILL STAND DOWN​.  Full Article

Marston's Plc says FY underlying pretax profit up 2.9 pct to 100.1 mln pounds
Thursday, 30 Nov 2017 02:00am EST 

Nov 30 (Reuters) - MARSTON'S PLC ::FY UNDERLYING REVENUE UP 10 PERCENT TO 992.2 MILLION STG.FY UNDERLYING PRETAX PROFIT ROSE 2.9 PERCENT TO 100.1 MILLION STG.FINAL DIVIDEND 4.8 PENCEPER SHARE.TOTAL DIVIDEND UP 2.7 PERCENT TO 7.5 PENCEPER SHARE.‍FINAL DIVIDEND UP 0.1P TO 4.8P PER SHARE​.‍LIKE-FOR-LIKE SALES GROWTH IN PUB ESTATE IN FIRST SEVEN WEEKS OF PERIOD​.FY ‍UNDERLYING OPERATING PROFIT OF £174.5 MILLION (2016: £172.7 MILLION) WAS UP 1.0%​.‍TRADING IN CURRENT FINANCIAL YEAR IS IN LINE WITH CO'S PLANS​.‍ANTICIPATE UNDERLYING OPERATING MARGINS IN CO'S PUB BUSINESS TO BE SLIGHTLY BELOW THOSE ACHIEVED IN 2017​.‍FY AVERAGE PROFIT PER PUB UP 2%​.  Full Article

Marston's says sales and profits for year are ahead of last year
Tuesday, 10 Oct 2017 02:00am EDT 

Oct 10 (Reuters) - MARSTON'S PLC ::‍IN DESTINATION AND PREMIUM, FY LIKE-FOR-LIKE SALES WERE 0.9% ABOVE LAST YEAR​.‍IN TAVERNS, FY LIKE-FOR-LIKE SALES WERE 1.6% ABOVE LAST YEAR​.‍IN LEASED, FY LIKE-FOR-LIKE PROFITS ARE ESTIMATED TO BE UP 1% COMPARED TO LAST YEAR​.‍IN 2018 FINANCIAL YEAR WE NOW EXPECT TO OPEN 15 PUBS AND BARS, AND SIX LODGES​.‍"MODEST TRIMMING OF OUR OPENINGS PROGRAMME REFLECTS A DEGREE OF CAUTION GIVEN RECENT SUBDUED MARKET CONDITIONS".‍SALES AND PROFITS FOR YEAR ARE AHEAD OF LAST YEAR, AND WE TARGET FURTHER GROWTH IN 2018​.‍NO SIGNIFICANT CHANGE TO COST TRENDS HIGHLIGHTED PREVIOUSLY, BUT CO HAS IDENTIFIED COST SAVINGS OF APPROXIMATELY £5M PER ANNUM​.  Full Article

Marston's says Destination and Premium like-for-like sales for 42 week period up 1.3 pct
Wednesday, 26 Jul 2017 02:00am EDT 

July 26 (Reuters) - MARSTON'S PLC ::SAYS IN DESTINATION AND PREMIUM, LIKE-FOR-LIKE SALES FOR 42 WEEK PERIOD WERE 1.3% AHEAD OF LAST YEAR.SAYS REMAIN ON TRACK TO MEET OUR GROWTH TARGETS FOR 23 NEW PUB-RESTAURANTS AND BARS IN CURRENT FINANCIAL YEAR IN ADDITION TO EIGHT LODGES.SAYS IN TAVERNS, LIKE-FOR-LIKE SALES FOR 42 WEEK PERIOD WERE 1.9% AHEAD OF LAST YEAR.SAYS IN LEASED, PROFITS FOR 42 WEEK PERIOD ARE ESTIMATED TO BE 2% AHEAD OF LAST YEAR.SAYS AS WE PREVIOUSLY GUIDED, OPERATING MARGINS ARE SLIGHTLY BELOW LAST YEAR IN LINE WITH OUR EXPECTATION.SAYS WITH REGARD TO COST OUTLOOK FOR 2018 CO'S GUIDANCE REMAINS UNCHANGED FROM THAT PROVIDED AT OUR INTERIM RESULTS IN MAY.  Full Article

Marston's says raises 78.9 mln stg via placing
Thursday, 18 May 2017 07:00am EDT 

May 18 (Reuters) - Marston's Plc ::Total of 57,600,995 new ordinary shares of 7.375 pence each have been placed at a price of 137.0 pence per placing share.Share placement raising proceeds of approximately £78.9 million (before expenses).Placing shares being issued represent approximately 9.9% of issued ordinary share capital of company prior to placing.  Full Article

Marston's acquires Charles Wells brewing and beer business for 55 mln pounds
Thursday, 18 May 2017 02:00am EDT 

May 18 (Reuters) - Marston's Plc :Acquisition of charles wells brewing and beer business for £55 million.Transaction to be funded through equity placing as announced today.Roic expected to exceed 18% in third full year.Marston's plc - expects to achieve synergies of £4 million by financial year 2019.  Full Article

Marston's H1 revenue up 4.5 pct to 202.6 mln STG
Thursday, 18 May 2017 02:00am EDT 

May 18 (Reuters) - Marston's Plc :H1 underlying pretax profit rose 2.7 percent to 33.7 million stg.Interim dividend up 3.8 percent to 2.7 penceper share.H1 revenue rose 4.5 percent to 202.6 million stg.Interim results for 26 weeks ended 1 april 2017.Revenue and earnings growth despite easter falling later this year in second half.Easter impact on profit before tax estimated at £1.5 million.Statutory profit before tax up 61% reflecting positive movement in valuation of swaps for period.  Full Article

Marston's announces new bank facility to replace 257.5 mln pounds existing facility
Monday, 20 Mar 2017 03:00am EDT 

Marston's Plc : Has agreed a new bank facility to replace 257.5 mln pounds existing facility which was due to expire in November 2018 . New facility extends to March 2022 . Comprises a 320 million pounds loan commitment, with an incremental 40 million pounds accordion facility providing additional flexibility, at improved terms .New facility will be provided by Barclays, Lloyds, HSBC, Santander and Bank Of Ireland.  Full Article

UPDATE 2-Snow and ice keep punters from pubs over Christmas period, says UK's Marston's

Jan 23 British pub operator Marston's Plc said on Tuesday that business in the Christmas period was marred by snowy and icy weather in the UK and would hurt its annual profit by 1 million pounds ($1.4 million).