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Marston's warns on full-year profits

The pub group is selling off assets to pay down debt
Marston's warns on full-year profits

Pub group Marston’s (MARS) warned that, despite a 3 per cent increase in revenue to £1.2bn over the 12 months to September, it expects to report underlying pre-tax profit of around £101m, down from £104m during FY2018. Improved profits in the taverns and beer business was not enough to compensate for lower earnings in the destination and premium business.

IC TIP: Hold at 115p

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