Marston’s Plc releases a corporate update

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Marston’s Plc releases a corporate update

  • For the 24 weeks to 14th March 2020, like-for-like sales in pubs were 1% below last year
  • Given the ongoing uncertainty, the company remains unable to quantify the impact of COVID-19 on its financial performance
  • The company has reduced capital expenditure by £80 million per year and has increased its target of disposals from £45 million to £85 million-£90 million
  • On 18th March 2020, at the time of writing, GMT 09:53 AM, MARS shares were trading at GBX 23.44, up by 1.24 points or 5.59% against the previous day closing price.

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