News article

Positive trading update pushes Marston's stock higher

Positive trading update pushes Marston's stock higher
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Shares in pub group chain Marston's have risen on the stock market today (April 7th), after the firm said it is on track to meet its financial forecasts.

The company revealed in a half-year trading update that like-for-like sales in the 26 weeks to April 3rd climbed by 1.4 per cent on the amount recorded during the same period last year.

It also noted its expansion plans are proceeding on schedule, having opened six new food-focused pubs in the fiscal year to date.

The news helped shares in Marston's to rise and at 15:15 BST its stock was priced at 97.4p in London, an increase of 2.95p.

Trading over Easter was slightly improved on last year and the business said performance over the first half of its financial year has been good.

However, it warned "the trading environment remains challenging" due to the continued effects of the recent recession.

Posted by Greg SeckerADNFCR-1681-ID-19708305-ADNFCR