Marston's director tucks in

By MoneyWeek

published 12 December 2008

in Features

Derek Andrew has topped up his holding in Marston's following the brewer and pub group's interim results a week ago.

Andrew, managing director of Marston's Inns and Taverns, spent £53,460 on 45,000 shares purchased at 118.80p each.

He joins non-executive director Neil Goulden, who yesterday purchased about £85,000 in shares.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Marston's, which earlier this year were below £1, rallied Wednesday after it agreed terms for a new banking facility that runs until 2013.

The amount of the facility will reduce from the current £400m to £295m in August 2010, in line with the group's requirements. The amount drawn under the current facility as at 4th October 2008 was approximately £240m.

The previous week Wolverhampton-based group, which runs tenanted pubs and whose brands include Martson's Burton Bitter, bucked the sector trend and maintained its final dividend despite lower full year profits and continued tough trading in the current year.

Top Director Buys

Value: £160,002

Value: £45,240

Value: £80,001

Value: £74,655

Value: £64,500

Value: £64,000

Value: £60,750

Value: £57,271

Value: £53,460

Value: $51,705

Top Director Sells

Value: £113,160

Value: £100,700

Value: £75,645

Value: £56,580

Value: £33,153

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.