Pub chain Marston’s shares fizz on takeover bid January 29, 2021 Shares in Martson’s jumped this morning after the pub chain confirmed it had received a takeover offer from a US private equity firm. In a statement this morning the British brewer said it had received an “unsolicited non-binding proposal” from Platinum Equity Advisors over a potential cash bid. Shares in Marston’s rose as much as [...]
Marston’s boss calls for extra support as pub chain expects sites to be closed until March January 8, 2021 The boss of pub chain Marston’s this morning urged the government for additional support for hospitality firms, as the company revealed it expects its sites to be closed until at least March due to the Covid-19 lockdown. The company, which has been forced to close all of its pubs due to the third nationwide lockdown, [...]
Marston’s cuts 2,150 jobs due to new coronavirus restrictions October 15, 2020 Pub chain Marston’s has put 2,150 jobs at risk of redundancy following the introduction of new three-tier coronavirus restrictions. The government announced the new local lockdown system earlier this week, with most pubs in areas placed in the highest tier of restrictions expected to close. Marston’s said the introduction of the new rules is “hugely [...]
Marston’s and Carlsberg get green light for £780m brewing JV October 9, 2020 Brewers Marston’s and Carlsberg have been given the go-ahead to complete a £780m joint venture after a Competition and Markets Authority (CMA) investigation. Shares in London-listed Marston’s rose 16.7 per cent as markets cheered the decision. The UK’s competition watchdog said that as the two firms had different areas of focus, competition between the two [...]
Competition watchdog to probe Carlsberg-Marston’s tie-up August 19, 2020 The competition watchdog today said it has opened a probe into a proposed £780m tie-up between beer giants Carlsberg and Marston’s. The Competition and Markets Authority (CMA) said it was considering whether the deal would create a relevant merger situation and damage competition. In May the two companies announced plans to combine their brewing businesses [...]
Marston’s and Carlsberg to unite brewing operations in £780m joint venture May 22, 2020 UK pub chain Marston’s share price skyrocketed today as it announced a plan to merge its brewing business with Carlsberg’s UK division in a £780m deal. The joint venture will value Marton’s Brewing Business at up to £580m and Carlsberg’s at £200m. But despite Marston’s superior valuation, the pub chain will only own 40 per [...]
Marston’s scraps £20m dividend to save cash amid coronavirus crisis March 18, 2020 Shares in pub chain Marston’s jumped 43 per cent this morning as it outlined its coronavirus battle plan, which included cutting a £20m dividend. The company said that the need for social distancing as a measure to combat the spread of the virus means it is “unlikely” that it will recommend an interim dividend in [...]
Marston’s toasts ‘strong’ Christmas after challenging 2019 January 24, 2020 Pub group Marston’s raised a glass to a “strong” Christmas this morning as impressive growth over the holiday helped offset a sluggish start to December. In a trading update the firm said that sales growth for the four months to January 18 saw a one per cent increase, but this rose to 4.5 per cent [...]
Marston’s forecasts lower profit on food sales slump October 15, 2019 Pub operator Marston’s said it expects to post a dip in profit this year due to weakening food sales. Shares fell more than eight per cent after the Pitcher and Piano owner said it expected to report underlying profit before tax of around £101m, compared to £104m last year. Read more: Beer sales slump dampens [...]
Beer sales slump dampens Marston’s share price July 24, 2019 Shares in pub operator Marston’s plunged more than 10 per cent today as the company announced that beer sales growth slumped due to poor weather. Sales have been hit by 2019’s “relatively poor weather” following last summer’s heatwave and the England football team’s World Cup success. Read more: Marston’s cheers rise in profits after strong [...]