Reshuffle calls time on pub group’s stay in FTSE 250
Marston's has dropped out of the FTSE 250 as investors continue to be wary about the robustness of pub groups.
Earlier this month its share price dropped 10% after releasing its half-year figures. Mitchell & Butlers, which released an update on the same day, was also affected by poor weather and a cloudy forecast.
Marston's, which owns the Two For One and Pitcher & Piano chains, now has a market value of around £620m, and has been relegated in the quarterly reshuffle of the share index.
Its share price has been on a ... For the full story register now for free or login below...