Boom for pub firm Marston's
Pub company Marston's enjoyed a rise in both sales and profits, as its chief executive hailed the firm's 'resilience'.
The Wolverhampton firm, which has a strong presence across Shropshire, saw revenue rise by 5.5 per cent to £719.7 million compared with £682.2 million in 2011.
Underlying pre-tax profit grew 9.2 per cent to £87.8 million.
Chief executive Ralph Findlay said: "These results demonstrate resilience despite the weak economy and very poor weather during the summer.
"All areas of the business achieved increased revenue and profit."
He added that the company will be opening 20 to 25 more pubs next year.
Meanwhile, the boss of Dixons Retail today told the city that the Currys and PC World owner was poised to take advantage of the demise of rival Comet.
Chief executive Sebastian James said the group was 'outpacing' its competitors and would benefit after Comet fell into administration.
And B&Q owner Kingfisher today revealed improved sales at the DIY chain but warned the weak consumer backdrop continued to hit the business as its profit fell six per cent.