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All Marston’s articles – Page 4
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NewsFindlay to chair C&C Group
Outgoing Marston’s chief executive Ralph Findlay is set to become chairman of C&C Group.
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InterviewsRalph Findlay ‘optimistic’ about the pub sector recovery
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.
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NewsMarston’s trading update is welcomed by analysts
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.
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NewsMarston’s trading above expectations since indoor reopening
Marston’s has seen total food and drink sales at 92% of 2019 levels in the period from 17 May to 24 July 2021, with sales up 88% since 12 April, beating its expectations.
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Analysis & InsightMarston’s described as ‘top value play’
Marston’s has been described as a ‘top value play’ by analyst Peel Hunt, in a note preceding the brewer and pub operator’s third quarter trading statement due out on 28 July.
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NewsMarston’s NED steps down
Marston’s non-executive director and senior independent director Carolyn Bradley is standing down from 31 July 2021 in view of her increased business commitments.
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NewsTributes paid to former Marston’s chairman David Thompson
The former chairman of Marston’s David Thompson, described by colleagues as a man of “tremendous intellect and vigour”, has died aged 67.
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NewsMarston’s appoints Lupino to CFO
Marston’s has promoted Hayleigh Lupino to chief financial officer, effective from 3 October.
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NewsCBRE appointed to sell £21.6m collection of Marston’s pubs
Global real estate advisor CBRE has been appointed by Aviva Investors to sell a collection of pubs let to Marston’s, worth £21.6m.
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NewsMarston’s has seen majority of furloughed staff return
Marston’s has retained about 97% of its staff on furlough and kept them engaged by staying in regular contact, chief executive Ralph Findlay has said.
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NewsMarston’s a ‘stronger, more focused’ business
Marston’s has posted an underlying loss before tax of £122m, for the half year to 3 April.
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NewsMarston’s appoints Andrew Andrea as next CEO
Marston’s has appointed Andrew Andrea as its new chief executive officer. Andrea, who is currently the group’s chief financial officer and corporate development officer will take on the role from 3 October 2021, when current CEO Ralph Findlay will step down.
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NewsMarston’s looks to reopen 70% of estate next week
Marston’s has said it is planning to reopen 70% of its estate in England from 12 April, and subject to regulatory confirmation, the majority of our Scottish and Welsh pubs on 26 April.
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OpinionDominic Walsh: Time at the bar
When Ralph Findlay announced he would be stepping down as chief executive of Marston’s at the end of September, after 20 years in the role, I experienced a number of emotions.
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NewsRalph Findlay to leave Marston’s
Ralph Findlay has announced he is to step down as CEO of Marston’s after 20 years in the role.
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NewsMarston’s seeks bondholder waivers for third time
Marston’s has once again asked its bondholders for a number of waivers of its financial covenants, for the second half of 2021.
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NewsDarby steps down from Brains
SA Brain CEO Alistair Darby has stepped down from the company after the completion of a deal that sees Marston’s take over the running of its pubs.
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NewsMarston’s rejects share offer from Platinum Equity
The board of Marston’s has unanimously rejected a proposal of 105 pence per share, from Platinum Equity Advisors, stating that it “very significantly undervalues” the business.
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Analysis & InsightAnalysts’ verdict: Liberum on Marston’s
An offer for Marston’s could come in at above 100p per share, according to analysts Liberum, in a note issued following the news that Platinum Equity Advisors had received an unsolicited non-binding proposal from the American PE firm regarding a possible cash offer for its share capital.
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NewsMarston’s piques private equity interest
Marston’s has confirmed reports that Platinum Equity has made an initial approach to take the company private.