Marston’s added to its acquisitions firepower by becoming the first major pub group to refinance its debt since volatility struck the credit markets in the summer. Financial Times.

The group raised an additional £330m of debt by the issue of new bonds against the transfer of 437 of its freehold and tenanted pubs from its non-securitised to its securitised estate.

M&B will next week reveal whether it will apply for real estate investment trust status.