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| Date/Time | Headline | Source |
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| Thu 13:10 | RNS |
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RNS Number : 7872C Marston's PLC 19 November 2009
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND CONNECTED PERSONS 1. Name of the issuer: Marston's PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). (i) 3. Name of person discharging managerial responsibilities/director: Robin Hodgson 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director names in 3 and identify the connected person: In respect of 3 and Barnaby Hodgson 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest: In respect of 3 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares: Ordinary shares of 7.375p each 7. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them: Robin Hodgson 77,112 Barnaby Hodgson 0 8. State the nature of the transaction: Transfer of shares to son 9. Number of shares, debentures or financial instruments relating to shares acquired:
10. Percentage of issued class acquired (treasury shares of that class
11. Number of shares, debentures or financial instruments relating to shares
1092
12. Percentage of issued class disposed (treasury shares of that class
13. Price per share or value of transaction: N/A
14. Date and place of transaction:
15. Total holding following notification and total percentage holding
16. Date issuer informed of transaction:
17. Date of grant: 18. Period during which or date on which it can be exercised: 19. Total amount paid (if any) for grant of the option: 20. Description of shares or debentures involved (class and number):
21. Exercise price (if fixed at time of grant) or indication that price is
22. Total number of shares or debentures over which options held following
23. Any additional information: 24. Name of contact and telephone for queries:
Name and signature of duly authorised officer of issuer responsible for making notification.
Anne-Marie Brennan Company Secretary Date of notification: 19.11.09
END This information is provided by RNS The company news service from the London Stock Exchange END
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| 29-10-09 | RNS |
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RNS Number : 6194B Marston's PLC 29 October 2009 Marston's PLC (the "Company") Total Voting Rights In compliance with the Financial Services Authority's Disclosure and Transparency Rules, we hereby notify the market of the following: At 6pm on 28 October 2009, the Company Ordinary shares had 600,773,121 issued ordinary shares of 7.375p each admitted to trading. On a poll vote, an ordinary shareholder has one vote for every 25p of nominal value of ordinary share capital held in relation to all circumstances at general meetings of the Company; held 30,162,339 ordinary shares in treasury and the voting rights of these treasury shares are automatically suspended; and accordingly had maximum total voting rights of 168,330,180 attached to its 570,610,782 issued ordinary shares (excluding treasury shares). Preference shares had 75,000 issued preference shares of £1 each admitted to trading. On a poll vote, a preference shareholder has one vote for every 25p of nominal value of preference share capital held in relation to all circumstances at general meetings of the Company; held no preference shares in treasury; and accordingly, had total voting rights of 300,000 attached to its preference shares. These total voting rights figures may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules. This information is provided by RNS The company news service from the London Stock Exchange END
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| 27-10-09 | AFX UK Focus |
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Oct 27 (Reuters) -
with overweight ratings ratings (Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 26-10-09 | RNS |
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RNS Number : 3723B Marston's PLC 26 October 2009
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ii
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
notification obligation: iii
(if different from 3.):iv
which the threshold is crossed or
reached: v
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
if possible using
the ISIN CODE
ORD GBP0.07375 GB00B1JQDM80
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi Prudential plc (parent Company) M&G Group Limited (wholly owned subsidiary of Prudential plc) M&G Limited (wholly owned subsidiary of M&G Group Limited) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc)
Proxy Voting:
to hold:
voting rights: 13. Additional information: Calculations based on a Total Voting Rights figure of 168,619,512.
Notifiable Position Report for Marston's PLC As at 22 October 2009-10-26 Percentage holdings are calculated using total voting rights of 168,619,512
A/C MHA01
A/C MHF01
A/C MKD01
A/C CR101
A/C MHA01
A/C MHF01
A/C MKD01
A/C CR101
A/C MHA01
A/C MKD01
A/C CR101
A/C MHA01
A/C MHF01
A/C MKD01
A/C CR101
This information is provided by RNS The company news service from the London Stock Exchange END
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| 22-10-09 | AFX UK Focus |
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By Matt Scuffham
LONDON, Oct 22 (Reuters) - Britain's consumer regulator on Thursday gave the all-clear for leased pub operators to continue with an arrangement that forces tenants to take beer supplies only from their landlords, boosting pub company shares.
(Editing by Hans Peters and Karen Foster) Keywords: BRITAIN PUBS/ (matthew.scuffham@reuters.com; +44 20 7542 6734)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 22-10-09 | RNS |
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RNS Number : 2202B Marston's PLC 22 October 2009
MARSTON'S PLC ('Marston's')
OFT RESPONSE TO CAMRA SUPER-COMPLAINT The Office of Fair Trading ('OFT') has this morning issued its assessment of the super-complaint from the Campaign for Real Ale ('CAMRA') regarding the UK pub industry. Having examined the issues raised in the super-complaint, the OFT has not found evidence that supply ties are resulting in competition problems that are having an adverse impact on consumers. In particular, the OFT has established that there is competition and choice in the market and noted that any strategy which compromises the competitive position of its lessees would not be sustainable with pub companies commercial interests aligned with the interests of their lessees. As a consequence, the OFT has reached a view that further investigation is not warranted. Ralph Findlay, Chief Executive, commented: "Over many years supply ties have provided opportunity to enter the pub industry without having to commit significant capital. We have consistently argued that many of the very real issues faced by some tenants and lessees are related to the performance of the economy as a whole. As a consequence, we have introduced, and continue to develop, a wide and comprehensive range of measures to support licensees. We intend to continue to work closely with licensees and to implement revisions to our Code of Practice in accordance with an agreement reached between certain industry bodies including the British Beer & Pub Association and the British Institute of Innkeeping. These changes are consistent with our long held objective to work with our licensees in a transparent and fair manner, and to promote sustainable commercial relationships" ENQUIRIES:
Andrew Andrea, Finance Director
NOTES TO EDITORS
This information is provided by RNS The company news service from the London Stock Exchange END
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| 22-10-09 | AFX UK Focus |
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By Matt Scuffham
LONDON, Oct 22 (Reuters) - Britain's consumer regulator gave the all-clear for leased pub operatorsto continue with an arrangement that forces tenants to take beer supplies only from their landlords, boosting pub company shares on Thursday.
"The companies and their tenants now only have the recession, the consumer squeeze, the ongoing impact of the smoking ban, aggressive supermarkets and soap-boxing politicians to deal with but, all things considered, today's announcement is a good result," he said.
(Editing by Hans Peters) Keywords: BRITAIN PUBS/ (matthew.scuffham@reuters.com; +44 20 7542 6734)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 22-10-09 | AFX UK Focus |
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------------------------------------------------------------
Reuters messaging rm://matthew.scuffham.reuters.com@reuters.net
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Reuters Messaging rm://dominic.lau.reuters.com@reuters.net Keywords: MARKETS UK STOCKSNEWS/ COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 22-10-09 | AFX UK Focus |
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LONDON, Oct 22 (Reuters) - OFT:
competition problems
choice to consumers further action (London Equities Newsroom; +44 20 7542 7717)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 21-10-09 | AFX UK Focus |
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LONDON, Oct 21 (Reuters) - Britain's consumer regulator will announce on Thursday whether tie-in arrangements which force pub tenants to take beer supplies only from their landlords should be referred to the Competition Commission.
(Reporting by Matt Scuffham; Editing by Hans Peters) Keywords: PUBS OFT/ (matthew.scuffham@reuters.com; +44 20 7542 6734)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 15-10-09 | RNS |
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RNS Number : 7980A Marston's PLC 15 October 2009
15 October 2009 Marston's PLC Year-end Trading Statement Marston's PLC issues the following update on trading for the year ended 3 October 2009. The preliminary results will be announced on 3 December 2009. Group Trading - resilient performance Overall Group turnover* was 1.4% below last year for the 12 month period, and flat in the second half-year despite poor summer weather and fragile consumer confidence. Group operating margin was just over 1% below last year. Tight cost control continues to mitigate increases in food, energy and brewing raw materials. We expect earnings before tax and exceptional items for the year ended 3 October 2009 to be in line with expectations. As previously forecast, we expect to declare a final dividend of 3.7 pence per share payable in January 2010. Managed pubs - robust H2 sales and margins; continued food sales growth Marston's Inns and Taverns like-for-like sales were 0.6% below last year with like-for-like food sales growth of 2.8%. Like-for-like sales were stronger in the second half-year, including growth of 2.7% in the 9 weeks to 3 October 2009. Like-for-like food growth in the 9 weeks period to 3 October 2009 was up 5.7% and wet sales were up 1.0% in the same period. Our focus on the 'F-Plan' - on food, families, females and 'forty/fifty somethings' - and on building new pub-restaurants has contributed to this robust performance, with food sales now representing 38% of total retail sales within our managed pubs. The number of meals sold during the year increased by 4% to over 23 million meals with average spend per head at £5.94 reflecting our value for money offers. Operating margin in the second half-year was level with the comparable period in 2008, and 0.4% below last year for the 12 month period. Tenanted and leased pubs - innovative solutions introduced to assist licensees Marston's Pub Company like-for-like profit was around 7% below last year. As previously reported, approximately 80% of the division's pubs are let on substantive agreements, and overall profit from these pubs was in line with last year. We have introduced a range of innovative solutions to retain and attract good licensees. These include a variable rent agreement (the 'Tracker') in around 100 pubs and a franchise-style agreement in 10 pubs. These agreements reduce risks for the tenant and, in the case of the franchise style agreement, facilitate improved retail standards. This innovative model will be further extended in 2010 following encouraging results to date. Our objective is to increase the number of pubs let on substantive agreements and to reduce the level of temporary rent alleviations and discounts which, as previously forecast, cost around £3 million during the financial year just ended. Brewing - increased market share and strong growth in premium ales Marston's Beer Company strategy is to offer a national portfolio of high quality beer brands with genuine local provenance and strong regional appeal. This differentiated approach has contributed towards strong volume performances, particularly from our premium ale brands. Own-brewed ale volumes increased by 8% in the 12 month period and premium ale, which is now 53.5% of the ale portfolio, increased by 26% including 13% growth in the on-trade and 50% growth in the off-trade. Since the half year, premium ale bottled volumes increased by 27% including growth of over 100% in bottled Marston's Pedigree, 'The Official Beer of England Cricket'. Operating margin was down by under 2.0% as a consequence of the change in sales mix towards the off-trade, which is lower margin than the on-trade, and higher brewing costs. This represents an improved margin performance in the second half-year. Financing and Balance Sheet - £165m raised through rights issue; net debt reduced On 22 July 2009 we announced that our rights issue had been completed successfully, raising funds of £165 million (net of issue costs). As announced previously, approximately £140 million of the proceeds is being invested in continuing our successful new-build strategy, with the objective of opening around 60 new managed pubs over the next 3 years. Marston's is now the market leader in new food-led destination pubs. Following our rights issue we are able to take advantage of current market conditions to acquire excellent sites at attractive prices and to build high quality managed pubs which target the growing part of the pub-restaurant market. We are making good progress and are on track for 15 new openings in the 2010. Net debt of just below £1,100 million as at 3 October 2009, was £169 million below last year and around £15 million below last year excluding the impact of the rights issue and associated expenditure on new-build pubs. As planned we sold around 70 pubs and other properties for over £20 million, achieving book value. Group capital expenditure in 2010 will increase from around £56 million in 2009, to around £85-£90 million as a consequence of the investment of £45 million in new-build pubs. The financing structure of the Group is based principally on long term secured debt, which is virtually all at fixed rates of interest. Following the extension of our bank facility announced earlier in the year we have no further refinancing requirements until August 2013. In common with other operators and as part of the regular impairment review we are assessing the extent to which non-cash adjustments to book values for certain pubs - principally town centre leasehold sites - should be made. We expect that a non-cash charge of not more than £40 million will be reported as an exceptional item in our preliminary results, in respect of this review. The triennial valuation of the final salary pension scheme has now been agreed. Company payments into the scheme, including 'top-up' contributions, will remain broadly unchanged in 2010. Legislative matters There have been no further legislative developments since the Interim Results announcement on 22 May 2009, although a decision is awaited in respect of an OFT review relating to tenanted and leased pubs. In response to the BEC report, we believe the industry has made significant progress in addressing the issues identified. Marston's Pub Company continues to develop its relationship with tenants and lessees, and to operate in a transparent manner with the objective of a fair division of risk and reward between the Company and our licensees. We are flexible, where appropriate, in assisting licensees as a consequence of current economic conditions and market trends, but we are clear that the principles underlying existing agreements, including the tie and fair, sustainable rents, confer real benefits to tenants. Outlook - differentiated strategy, cautious optimism The outlook for the UK economy is uncertain. Whilst we remain cautious, immediate cost inflation pressures have eased, and we are well positioned to meet the upcoming challenges. We have a clearly defined growth agenda for each of our trading divisions. In our managed pubs, growth is being driven by an accelerated new build programme and a clear focus on value for money. In our tenanted and leased pubs we have introduced innovative solutions to stabilise trading in weaker tenanted pubs, and to continue the development of the estate as a whole. In brewing, we are benefiting from growing consumer interest in high quality regional cask ales with our strong brand portfolio. Our strategy is clearly differentiated and appropriate for current market conditions and trends.
ENQUIRIES:
Andrew Andrea, Finance Director
NOTES TO EDITORS * Marston's is a leading independent brewer and pub operator. * It has an estate of 2,184 pubs situated nationally. The estate comprises 1,688 tenanted or leased pubs, and 496 managed pubs. * It is the UK's leading brewer of premium cask and premium bottled ales, including Marston's Pedigree and Hobgoblin. The beer portfolio also includes Banks's, Jennings, Wychwood, Ringwood, Brakspear and Mansfield beers. * Marston's employs over 12,000 people throughout England and Wales. This information is provided by RNS The company news service from the London Stock Exchange END
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| 30-09-09 | RNS |
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RNS Number : 8977Z Marston's PLC 30 September 2009
MARSTON'S PLC Analyst / Investor Visit Marston's PLC, a leading independent brewer and pub operator, announces that it is today hosting an analyst and investor visit to two managed houses in the new build format, located at Lutterworth and Kettering, and a new build site at Milton Lake. The visit will include presentations by senior management setting out Marston's new build strategy and expertise including demonstrating that:-
In tandem with the new build strategy, Marston's Inns and Taverns confirms that it has teamed up with hotel company, Travelodge to look for sites where they can develop a managed house alongside a hotel for mutual benefit. The first site will open next year in Wincanton, Somerset and will feature a 57-room Travelodge hotel next door to a 6,500sq ft Marston's pub. Two more sites are expected to open this year, with a target of 10 more locations over the medium term. The managed house at Lutterworth, which forms part of the visit, is adjacent to an existing Travelodge. During the visit no new material information will be made available. A copy of the presentation from the site visit will be made available on the Company's website, www.marstons.co.uk. ENQUIRIES:
Andrew Andrea, Finance Director James White / Vanessa Laybourn
NOTES TO EDITORS
This information is provided by RNS The company news service from the London Stock Exchange END
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| 29-09-09 | RNS |
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RNS Number : 8414Z Marston's PLC 29 September 2009 Marston's PLC (the "Company") Total Voting Rights In compliance with the Financial Services Authority's Disclosure and Transparency Rules, we hereby notify the market of the following:
Ordinary shares had 600,736,959 issued ordinary shares of 7.375p each admitted to trading. On a poll vote, an ordinary shareholder has one vote for every 25p of nominal value of ordinary share capital held in relation to all circumstances at general meetings of the Company; held 30,162,339 ordinary shares in treasury and the voting rights of these treasury shares are automatically suspended; and accordingly had maximum total voting rights of 168,319,512 attached to its 570,574,620 issued ordinary shares (excluding treasury shares). Preference shares had 75,000 issued preference shares of £1 each admitted to trading. On a poll vote, a preference shareholder has one vote for every 25p of nominal value of preference share capital held in relation to all circumstances at general meetings of the Company; held no preference shares in treasury; and accordingly, had total voting rights of 300,000 attached to its preference shares. These total voting rights figures may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules. This information is provided by RNS The company news service from the London Stock Exchange END
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| 28-09-09 | RNS |
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RNS Number : 7442Z Marston's PLC 28 September 2009
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND CONNECTED PERSONS
3. Name of person discharging managerial responsibilities/director:
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director names in 3 and
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares:
9. Number of shares, debentures or financial instruments relating to shares acquired:
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage):
11. Number of shares, debentures or financial instruments relating to shares disposed:
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage):
13. Price per share or value of transaction: N/A
14. Date and place of transaction:
15. Total holding following notification and total percentage holding following notification (any treasury shares of that class should not be
16. Date issuer informed of transaction:
17. Date of grant: 18. Period during which or date on which it can be exercised: 19. Total amount paid (if any) for grant of the option: 20. Description of shares or debentures involved (class and number): 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise: 22. Total number of shares or debentures over which options held following notification: 23. Any additional information: 24. Name of contact and telephone for queries:
Name and signature of duly authorised officer of issuer responsible for making notification.
Anne-Marie Brennan Company Secretary Date of notification: 28 September 2009
END This information is provided by RNS The company news service from the London Stock Exchange END
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| 08-09-09 | RNS |
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RNS Number : 7230Y Marston's PLC 08 September 2009 For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: Notifications of Major Interests in Shares
of existing shares to which voting rights are attached:
2. Reason for notification (yes/no)
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments which may result in
the acquisition of shares already issued to which voting rights are
attached
An event changing the breakdown of voting rights Other (please specify):______________
subject to notification obligation: 4. Full name of shareholder(s) (if different from 3): 5. Date of transaction (and date on which the threshold is crossed or reached if different):
notified:
crossed or reached: 8: Notified Details A: Voting rights attached to shares
ORD
GB00BIJQDM80
B: Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of financial instrument Expiration date Exercise/ conversion No. of voting rights Percentage of voting
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of financial instrument Expiration date Exercise/ conversion No. of voting rights Percentage of voting
Total (A+B+C)
Number of voting rights Percentage of voting rights
9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable: 9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:
13. Additional information:
15. Contact telephone name: 020 7818 6439 This information is provided by RNS The company news service from the London Stock Exchange END
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| 28-08-09 | RNS |
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RNS Number : 1852Y Marston's PLC 28 August 2009 Marston's PLC (the "Company") Total Voting Rights In compliance with the Financial Services Authority's Disclosure and Transparency Rules, we hereby notify the market of the following: At 6pm on 27 August 2009, the Company Ordinary shares
Preference shares
These total voting rights figures may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules. This information is provided by RNS The company news service from the London Stock Exchange END
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