• Marstons confident

Underlying revenues were up 5% in the first half at pub group Marstons, with profits up 2%. The group expects to develop four new lodges this year, adding to its 1,500 room accommodation portfolio.

The group is progressing with a debt reduction plan, and has negotiated a GBP5m saving by reprofiling swaps. It will continue to invest in accommodation, saying it delivers 12-15% returns.

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