|Bid||120.40 x 0|
|Ask||120.60 x 0|
|Day's range||120.14 - 122.30|
|52-week range||89.70 - 131.70|
|Beta (3Y monthly)||0.03|
|PE ratio (TTM)||10.40|
|Earnings date||27 Nov 2019|
|Forward dividend & yield||0.07 (6.30%)|
|1y target est||108.33|
Britain's hospitality sector has been rocked by several major restaurant chain closures in an overcrowded market, while pubs are battling the cost of a higher minimum wage and subdued consumer spending due to the uncertainties surrounding Brexit. Wolverhampton, central England-based Marston's, which has around 1,500 managed, franchised and leased pubs, said it now aimed to raise 70 million pounds from pub sales in its 2019-20 fiscal year, up from 40 million previously.
Shares in the brewer of Lancaster Bomber, Brakspear and Mansfield beers fell as much as 10% to a two-month low. Britain's hospitality sector has been rocked by several major restaurant chain closures in an overcrowded market, while pubs are battling the cost of a higher minimum wage and subdued consumer spending due to the uncertainties surrounding Brexit.
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British pubs operator Greene King has agreed to a 4.6 billion pounds ($5.6 billion) bid from a Hong Kong-listed company founded by the territory's richest man Li Ka-Shing, which said it was seeking to increase its UK presence even as Brexit looms. The offer from CK Asset, whose founder ranks among Asia's best-known entrepreneurs, values shares in the brewer of Old Speckled Hen and Abbot Ale at 850 pence each or 2.7 billion pounds in total, a premium of about 51% to their Friday close. CKA already owns a near 3% stake in Greene King, also owner of the Chef & Brewer and Hungry Horse chains and whose shares jumped 51% to match the bid price.
The boss of one of Britain's leading brewery groups, Marston's , has urged Prime Minister Boris Johnson to help save pubs that are at the heart of many local communities by cutting beer duty. Just a few days after leading retailers said the government needed to freeze business rates to prevent shops from shutting down, Marston's Chief Executive Ralph Findlay said Johnson was looking for populist measures, and a move to protect pubs would be hugely popular.
A leading UK pub boss says firms could close pubs unless the new chancellor announces a new 'populist' cut in beer taxes.
In March 2019, Marston's PLC (LON:MARS) released its earnings update. Generally, analysts seem cautiously optimistic...
Britain's FTSE 100 followed other major stock markets lower on Thursday as initial batches of corporate earnings jangled nerves over global growth, while losses for London's mid-cap index were capped by a buyout of pub operator Ei Group. All but two of the blue-chip index's sectors ended in the red as it shed 0.5% - its biggest intraday fall in nearly two weeks, while the mid-cap FTSE 250 lost 0.4%.
Slug and Lettuce pub chain owner Stonegate on Thursday said it agreed to buy larger rival Ei Group for 1.27 billion pounds ($1.58 billion), taking control of some 4,000 additional pubs to become Britain's biggest pub operator. The deal seals a major turnaround for Ei, which fetched a price tag of 285 pence per share - more than tenfold its value in 2012, when it traded as low as 27 pence a share.
Dividend paying stocks like Marston's PLC (LON:MARS) tend to be popular with investors, and for good reason - some...
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