Marston’s set to reopen hundreds of pub gardens next week

Marston’s (MARS.L) is to reopen about 700 of its pubs in England that have outdoor spaces on or around 12 April, when lockdown restrictions for the hospitality industry ease as per prime minister Boris Johnson’s plan. About 70% of the company’s managed and franchised pubs will reopen, subject to final regulatory confirmation, it said. Meanwhile, the majority of its Scottish and Welsh pubs will open on 26 April. The company’s shares were up roughly 2% on Wednesday morning. “On the basis that the stated reopening roadmap set out by the government is adhered to, the remaining managed estate in England should open on or around 17 May with restricted indoor trading, and we are assuming a return to normal trading conditions from 21 June,” the company said in a statement. The company runs 1,500 pubs nationally, comprising of managed, franchised and leased pubs, employs around 11,000 people. It also has a 40% holding in Carlsberg Marston’s Brewing Company.

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