Marston's profits hit by summer floods

UK pub and brewing firm Marston’s today reported a 3% dip in annual profits, but said “robust” sales were driving results in the new financial year.

The Pedigree brewer posted underlying pre-tax profits of £98m (€137m) in the year to the end of September, down from £101.5m (€142m) after forking out £2m (€2.8m) in repair bills from the summer floods.