All Marston’s articles – Page 6
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NewsMarston’s sees H1 growth across the board
Marston’s saw like-for-like sales (lfls) across its managed and franchised pubs grow 2.2% in the 26 weeks to 30 March, with a 3.2% hike in the final 10 weeks of the period.
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OpinionAnalysts corner: Marston’s
With Marston’s due to release its interim results tomorrow, Goodbody takes a look at what it expects and the key questions it would like answered in the update.
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NewsFindlay: ‘It will be tough to match lfls growth in Taverns estate next summer'
Marston’s chief executive Ralph Findlay has told MCA it would be ‘tough’ for its Taverns estate to match the like-for-like sales growth seen within its managed and franchised pubs this year (+3.8%, in 2019.
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News
Analysts corner: JP Morgan on Marston’s
Leading analyst Alexander Mees, from JP Morgan, says there is every reason to expect a ‘normal’ year in FY19, with the recovery in Destination & Premium and a flatter performance by Taverns.
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NewsMarston’s appoints new chairman
Marston’s has appointed William Rucker, the UK chief executive of investment bank Lazard, as chairman with effect from 1 October.
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NewsAnalysts corner: Goodbody on Marston’s, Caffè Nero and Costa Coffee
Performance within Marston’s Destination & Premium estate was ‘somewhat disappointing’, according to leading analysts at Goodbody, whereas Caffè Nero’s strong revenue growth is giving Whitbread’s Costa Coffee some cause for concern
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NewsAnalysts corner: Shore Capital on Marston’s
Analysts at Shore Capital have suggested that Marston’s faces its own “Gordian knot of balancing debt, dividend and capital investment” and that the best solution may be an all-share merger with a comparable drinks business, such as C&C Group.
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NewsMarston’s “will continue to land bank sites”
Marston’s chief executive Ralph Findlay has told MCA the group will continue to land bank sites despite revising down its growth targets for next year.
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NewsMarston’s H1: Taverns lfls up 2.9% but Destination suffers
Marston’s saw like-for-like sales in its Destination arm fall 1.8% in the 26 weeks to 31 March, but its Taverns division reported a 2.9% uptick.
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News
Focus on: Marston’s Destination
Iain Jackson, who heads up Marston’s c350-strong Destination division spoke to MCA about the growth of the group’s Firebrand and Accent divisions and the scope he sees for further expansion. He also discussed how he has restructured his teams into smaller units that can react more swiftly to changing consumer trends, and the creation of a dedicated openings team, to follow sites through from acquisition to the handover to ops teams.
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News
Marston’s appoints interim chairman
Marston’s has appointed Carolyn Bradley as interim chairman of the board, with effect from 1 June 2018.
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News
Marston’s to invest £8m in Burton brewery
Marston’s is to consult with employees at the former Charles Wells brewery site in Bedford.
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NewsMarston’s eyes 25 openings in FY19
Future growth will come from Marston’s pipeline of new site development, as well as the realisation of opportunities following its acquisition of Charles Wells Brewing Business, chief executive Ralph Findlay told MCA.
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Backhouse to step down from Marston’s board
Nick Backhouse has stated his intention to step down from the board of Marston’s
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News
Marston’s to supply its own water
Marston’s has joined Whitbread and Greene King as the only UK companies to secure a licence to supply their own water.
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NewsDalzell to step down from Marston’s
Marston’s has announced that Peter Dalzell will step down from his role as managing director of its Inns and Taverns division
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NewsMarston’s managed lfls up 1.3% year-to-date
Marston’s has reported like-for-like sales in its Destination & Premium arm up 0.6% in the 12 weeks to 22 July.
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News
Punch announces new delivery providers
Punch has announced changes to its delivery services ahead of its proposed takeover by Heineken and Patron Capital.
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Opinion
Inside Track: The king of new builds
For many pubco estate directors life is all about corporate acquisitions, but Ed Hancock’s role is very different, because Marston’s wants to build from scratch – literally. Michelle Perrett reports
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News
Intu CFO joins Marston’s board
Marston’s has appointed Intu chief financial officer, Matthew Roberts, as a non-executive board member.