Pub companies were lockdown losers but can adapt to tough trading conditions

📆 19.05.2022 0:16:00
📰 The Guardian

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It’s possible that much of the current uncertainty is already priced in to the recovery of well-run firms like M&B and Marston’s

Photograph: May James/ReutersPhotograph: May James/Reutersith the benefit of hindsight, one can say that the stock market got wildly overexcited a year ago about the recovery prospects of consumer-facing companies. When the restrictions came off, went the thinking, punters would enjoy themselves and lockdown’s corporate losers would be transformed into winners.

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