Marstons off to a good start as tenants help profits
Marstons, the brewer and pubco, today reported Q1 sales for a 15 week period as it reported LFL sales up 2.1% on last year, with even wet sales up 1%. This is against tough comparables as the firm had a good increase the previous year. Marstons is making a good success with it's tenanted pubs, having...
Posted: 22/01/2013
Marstons take £215 million revaluation hit
Marstons today confirmed what we all suspected, that further provisions, in it's case of £215 million, will have to be made for the declining value of the traditional wet-led pubs in pubco estates. It signals to all the other pubcos that they have ruined the value of their businesses by forcing thei...
Posted: 03/10/2012
M&B hit by rising costs - despite growing sales H1 profits are down
By contrast with yesterdays report from Marston's, the H1 results announced today from M&B look disappointing. M&B operate about 1,600 pubs and restaurants and, like Marston's, they have seen a 2.7% LFL increase in sales. M&B reported pre-tax profits for the 28 weeks to April 7 of £...
Posted: 17/05/2012
Marston's show the way to brewers and pubcos as H1 sales rise 7.6%
Marston's Plc, the brewer and pubco, reported H1 sales up 7.6% on last year to £342 million, with LFL sales in its 550 managed pubs up 3.6%. Even brewing sales were up 6.6% as the overall market for ales improved 2%. All divisions contributed to the increased sales. The volume increase has bene...
Posted: 16/05/2012
Henry Boot reports better housing market activity achieving sales but still struggling for margin
Henry Boot, the Sheffield-based construction and land development business, today reported that the housing market has slowly improved over last year for new builds and that construction volumes, especially in the South and South East are rising, though still critically dependent on the supply of mo...
Posted: 14/05/2012