Company
Greene King
LON:GNK
Greene King's principal activities are operating managed, tenanted and leased public houses, brewing beer, and wholesaling beers, wines, spirits and soft drinks.
120 stories · page 1 of 2
UK pubs risk closure and urge government to help as energy bills rocket
Bosses of Greene King, JW Lees, Carlsberg Marston’s, Admiral Taverns, Drake & Morgan and St Austell Brewery signed an open letter to the government insisting it does something now before "real and serious irreversible" damage is done
Hospitality sector cries for support as Omicron tightens its grip on the industry
Pubs and restaurants have called for help to be provided by the end of the day
Pub groups round on Government over coronavirus restrictions
The government will announce details of which tier applies to which part of the country later today
Coronavirus: Northern England faces new restrictions, Heathrow board ‘greed’ blamed for staff pay cuts
Pub chain Greene King announced 800 job cuts while Sir Keir Starmer asked for scientific evidence to back the 10pm curfew rule
Greene King struggles against tough comparatives as it prepares for takeover
LFL sales were down 1.8% in the 18 weeks to 1 September as the publican struggled to replicate last year’s boost from the summer heatwave and England’s World Cup performance
Ka-Shing! Hong Kong’s richest man to buy Greene King for £2.7bn
Li Ka-Shing is paying 850p per share for Greene King, 51% above last Friday’s closing price
City Pub Group taking it to the old guard as expansion shows no sign of slowing
One pub closes every 12 hours in the UK, but City Pub Group is bucking that trend as it embarks on an ambitious expansion plan
JD Wetherspoon’s run of record of profits set to come to an end despite sales surge
As investors have come to expect, sales are once again well up at the pubs group, but soaring costs mean annual profits will likely fall below what was achieved last year
Greene King holds divi despite soaring costs knocking annual profits
The pub industry is having to deal with soaring wages and a hike in business rates, and costs are set to jump again this year
Archive
Serco's acquisitions and contract wins will be in focus on Thursday
Serco has already flagged that it expects its strong order intake to boost revenue in 2019 after several years of declines.
Archive
News from FirstGroup, Stagecoach to drive corporate diary in coming week
Aside from the two mid-cap transport operators, blue chip contractor Bunzl will also issue a trading update, while the macro focus will be on the G20 meeting in Japan
Sales are booming in Britain’s pubs, but soaring costs are drinking up profits
Despite the uncertainty, pubs are still managing to attract plenty of customers, but the growth isn’t being felt as much at the bottom line, with margins being squeezed by soaring costs
Sales are booming in Britain’s pubs, but soaring costs are keeping a top on profits
Despite the uncertainty, pubs are still managing to attract plenty of customers, but the growth isn’t being felt as much at the bottom line, with margins being squeezed by soaring costs
Greene King toasts market outperformance but investors look to have hoped for more
In a trading update for the year ended 28 April, the FTSE 250 group said like-for-like sales were up 2.9%, helped by a strong Easter that saw LFL sales jump 4.6%
Archive
FTSE 100 closes in red as China manufacturing data sends chill
The UK's premier share index shed over 22 points at 7,418, while the FTSE 250 shed over 86 points at 19,824
Archive
Impressive first quarter performance needed from oil giant BP after recent share price rally
The Day Ahead also brings updates from the likes of blue-chip lender Standard Chartered, Premier Inn owner Whitbread and pubs group Greene King
Stifel thinks pub and restaurant equity performance will be driven by companies’ ability to “flex balance sheets”
The US investment bank's analysts said: “We are social animals and eating and drinking out of the home has proved resilient to whatever the economic and political backdrop presents"
JP Morgan believes UK pubs sector may be a relatively ‘safe haven’ in an adverse Brexit scenario
The US bank has upped its recommendation for Mitchells & Butlers to ‘overweight’ from ‘neutral’ and raised its stance on Greene King to ‘neutral’ from ‘underweight’
Greene King looks to Merlin to fill vacant CEO position
Long-serving boss Rooney Anand is stepping down at the end of April, at which point Nick Mackenzie, the managing director of Merlin’s Midway Attractions division, will join
Cheers! Sales soar at Greene King over Christmas and New Year
Higher costs, economic and political uncertainty and unfavourable weather made 2018 a difficult year for pubs but Christmas has brought at least some cheer for Greene King
Investments and investor services
FTSE 100 closes higher as markets climb on trade talk optimism
Trade talks between China and the US are said to be going very well, which has lit a fire under US equities
Archive
'Big Four' supermarket sweep set to kick off with Christmas trading news from Wm Morrison
The update comes after Bradford-based Morrisons on Monday said it would cut an average of 20% from the prices of 900 products, including “store cupboard favourites”
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Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Greene King half-year profits flat as weak food sales offset strong demand for drinks
Adjusted pre-tax profits were broadly unchanged at £128.2mln, despite half-year revenue rising by 1.9% to £1.05bn
Archive
FTSE 100 closes higher but Wall Street lags
The FTSE 250 index, though, fell around 30 points to 18,609 on the day
Archive
Thursday’s spotlight to focus on planes, trains and pubs with meals
Thomas Cook, Go-Ahead Group, and Greene King will be among Thursday's highlights.
Archive
Christmas lights starting to peek out from under spreadsheets as updates slow in last week of November
The Week Ahead will bring a hotch-potch of updates from the likes of blue-chip Intertek Group, and mid caps Thomas Cook, Pennon, Greene King, Go-Ahead Group, and Britvic
Departure of long-serving Greene King CEO could be a “positive catalyst”
Rooney Anand has been at the helm of the UK pub operator for 13 years, but says the time is right to “hand over the baton”
Forget gastropubs, ‘wet-led’ pubs are back on top once again
The latest industry data has shown that drink sales are still growing much more quickly than those of food
Spire blames NHS for “disappointing” first-half profits slump and weak outlook
Britain’s second-largest healthcare firm said a “prolonged decline” in NHS volumes eroded margins in the first half as it chopped its forecasts for the year
Record profits for Wetherspoon as Tim Martin urges parliament to reject Chequers deal
“If parliament votes to end tariffs and reject the 'Chequers Deal', consumers and business will benefit additionally by avoiding a cost of £39bn in respect of the EU 'divorce payment' - for which there is no legal obligation”
Archive
Airlines under pressure after IAG's British Airways unit hit by data theft
A look at some of the biggest risers and fallers in the London market on Friday
Greene King shares froth up after sales bolstered by World Cup and hot weather
The pub operator sold 3.7mln pints of beer during England’s seven World Cup matches
FTSE 100 takes a dive again; miners bear brunt
FTSE 100 finished down around 41 points or 0.56%, at 7,277 as its poor run continues
Archive
Greene King and house prices to take spotlight on quiet Friday
The FTSE 250 pub chain will be hoping to capitalise on strong initial trading in its new financial year, boosted by the world cup and the UK's sweltering summer
Bookmakers see stock rise as investors bet they made a few quid as England crash out of World Cup
On top of England’s semi-final heartbreak, the bookmakers will also have benefitted from some of the pre-tournament favourites – Germany, Brazil, Spain, Argentina, Belgium – all coming up short
Conditions still tough for Greene King despite World Cup boost
Shares in the pub operator fell on Thursday morning as it warned that industry headwinds – higher costs and weak consumer confidence – are showing no signs of abating
FTSE 100 joins other European benchmarks to go lower as trade fears continue to dent sentiment
FTSE 250 closed also lower - just shy of 160 points lower at 20,684, while FTSE small cap market shed around 25 points
Archive
Greene King enjoying the summer sunshine
The oil sector dominates the corporate news agenda on Thursday but it is also difficult to get away from matters pertaining to the World Cup
Archive
Costa Coffee demerger move hangs over Whitbread trading update
Aside from Whitbread, updates are also due in the week ahead from cruises operator Carnival, packaging firm Bunzl, struggling floorings retailer Carpetright, and pubs operator Greene King
Why Dixons Carphone, Just Eat and Sports Direct will be among the World Cup winners
The World Cup is just around the corner and it’s not just football fans getting excited, the tournament also tends to boost sales for a number of companies
Morgan Stanley upgrades UK equities to ‘overweight’ despite Brexit uncertainty
Equities should benefit from higher commodity prices and rising corporate activity, Morgan Stanley said.
‘Beast from the East’ hit sales at Greene King, but maintained profit guidance soothes investors
The snowy weather, coupled with bigger industry-wide problems, means sales have taken a hit this year, but Greene King still expects to turn a profit of around £245mln, thanks in part to the sale of three “high-value” pubs
Investments and investor services
IGas Energy advances as Cuadrilla achieves major milestone
A look at some of the biggest risers and fallers in London on Tuesday
Investments and investor services
FTSE 100 closes in red as traders still jittery about macro issues
The pound is up 0.36% against the Euro at the time of writing, while it is up 0.07% against the US dollar
Greene King sales dented by tough market conditions and snowfall
Greene King expects to deliver cost savings of £40mln to £45mln this year as it offloads less profitable sites and rebrands its pubs
Investments and investor services
FTSE 100 closes lower as Euro gains ground
Britain's blue-chip benchmark finished around 27 points lower at 7,615.
Investors to look for clarity on Fox takeover in Sky’s trading update on Thursday
The proposed £11.7bn takeover of Sky from Fox is all becoming a bit messy, so investors will be hoping the UK broadcaster can shed some light on whether a takeover from anyone is likely
Archive
Margin improvements the focus for interims from drinks group Diageo in coming week
Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
New additions help 2017 revenues soar at City Pub Group
Revenues jumped by 34% to £37.4mln last year, boosted by the addition of eight new pubs to the firm’s estate
Marston's shrugs off Brexit hurdles but Greene King and Mitchells & Butlers struggle
Brexit has hit the pub industry as a weaker pound pushes up input costs and higher inflation puts a squeeze on consumers
Investments and investor services
No shortage of small cap movers on Thursday - Physiomics advance continues
Some of the biggest risers and fallers in London on Thursday
Greene King's profits and revenues fall in 'challenging' first half as Brexit pushes up costs
Greene King is facing "unprecedented cost increases" of £60mln this year due to higher wages, input costs, business rates and the apprenticeship levy
Investments and investor services
FTSE 100 closes firmly in red as Wall Street surges; pound gains
The blue-chip benchmark closed in negative territory as sterling rose
Archive
Greene King and Marston's results eyed as UK pub operators tackle rising costs
UK pubs are in focus on Thursday with results from Greene King and Marston's
Investments and investor services
FTSE 100 closes in red as sterling nudges higher; Glaxo top riser
It was an up then down day for the FTSE 100 and the Bitcoin cryptocurrency set new highs.
Archive
Pubs in focus again with updates from Marston's and Greene King eyed
The Week Ahead includes updates from pubs operators Marston's and Greene King, plus results from Britivc, Daily Mail & General Topps Tiles, and Pennon
City Pub Group smashes through £100mln barrier on first day on AIM
Shares are up 6% to 181p in afternoon trading, giving the pub operator a market capitalisation of £102.2mln
Conroy Gold rallies after being awarded all costs in court battle with dissident shareholder
A look at some of the top risers and fallers in London today
Stiff drink needed for investors in Greene King and Marston's as Berenberg downgrades ratings
The German bank’s analysts downgraded their rating for Greene King to ‘sell’ from ‘hold’, and chopped their target price back to 450p, down from 700p
FTSE 100 barely changed after PM's speech; Centrica slides
Not much happening among the blue-chips but Image Scan and Future were among the big movers in the small caps sector
Providence Resources shares down as investors continue to wait for Drombeg
A look at some of the top risers and fallers in London today
Greene King shares tank as sales fall on bad weather and weak consumer spending
Greene King reported a 1.2% drop in like-for-like sales in its Pub Company division in the first 18 weeks of the year
FTSE 100 trims losses
The FTSE 100 retreated as investors worry about Hurricane Irma, while mixed economic statistics raised fresh concerns over the UK economy.
Archive
Sales slowdown expected at Greene King's pubs; UK data could please
Day ahead includes a trading update from brewer and pubs operator Greene King PLC and UK data on trade, construction output, industrial, and manufacturing production
Archive
Barrage of builders to update in week ahead with Brexit concerns remaining key
Week ahead includes updates from a raft of housebuilders, including Barratt Developments, Berkeley Group and Bovis Homes, plus trading news from Halfords Group, and the latest European Central Bank Council meeting
HSBC cautious on UK pubs, calls time on Greene King and JD Wetherspoon ratings
In a sector review, the HSBC analysts said: “We can’t be sure of a consumer downturn, but do worry about the continued increase in costs and the ease with which this can be mitigated
Investments and investor services
G4S investors shrug off immigration centre abuse scandal
Pub groups Greene King and JD Wetherspoon were both downgraded in HSBC's sector review.
FTSE 100 closes higher despite US jobs data; FTSE 250 lags
London's blue-chip benchmark was holding positive ground, even though US employment figures for August fell short of expectations.
JPMorgan Cazenove turns flat on Greene King, downgrading after full-year results
The US bank has cut its stance for the FTSE 250-listed firm to ‘neutral’ from ‘overweight’ and reduced its target price to 750p from 810p
Greene King's full-year profits fall on Spirit Pub integration costs, but revenues up after stronger fourth quarter
The firm said its pretax profit fell by 2.6% to £184.9mln, down from 189,8mln a year earlier, although after exceptional items profits rose by 6.6% to £273.5mln
Citigroup cuts stance on JD Wetherspoon on valuation grounds, and amid concern over UK consumers
In a note to clients, the US bank’s analysts said: “Since early July 2016 JDW’s share price has increased 50% and the shares are now trading close to our 1,030p target price.”
Greene King the pick of the pubs & restaurants sector, DB says
Deutsche Bank comes not to Bury St Edmunds, but to praise the Suffolk-based brewer
Investments and investor services
FTSE 100 closes higher as mining stocks lap up higher copper prices
FTSE 100 shares closed higher on Monday as buoyant mining stocks responded to a strike in Chile which boosted copper prices
Archive
Let's hope they don't Reckitt
Reckitt pulls the trigger on baby foods acquisition; Just Eat chief quits; surgeon raises concerns over strains put on NHS by unhealthy eating; Greene King wishes it could be Christmas every day
Watered down sales growth at Greene King
Christmas Day takings set a new record, but like-for-like sales growth has slowed in the last 16 weeks
Barclays turns cautious on pubs operator Mitchells & Butlers amid worries about deteriorating cash flows
Analysts at the bank have cut their rating for M&B shares to ‘underweight’ from ‘equal-weight’ with an unchanged target price of 220p.
Punch Taverns continues to froth higher on yesterday’s bidding war surprise
Punch revealed yesterday that a private equity firm linked to Heineken has made an offer of 174p per share for the company, while Emerald Investment Partners, the family office of Alan McIntosh, a former finance director of Punch, is biddin
Greene King toasted by Panmure after interims
The firm's adjusted pre-tax profit was up 14.6% to £139mln on revenues, which were 13.8% higher.
Summer of sport serves up strong start for Greene King
Despite the good start to its new financial year, the firm has warned that Brexit may hit consumer spending in coming months
Greene King sees consumer confidence dent after Brexit vote; revenues rise
Greene King largely brushed aside worries over Britain's decision to leave the EU as it reported a year of solid growth and increased revenue.
Greene King enjoyed record trading on Christmas Day
The integration of Spirit is progressing well, Greene King said
Week ahead, including Randgold Resources, Thomas Cook, ARM and Rolls
A look at next week's agenda, and there are some big names reporting...
Week ahead, including Randgold Resources, Thomas Cook, ARM and Rolls
A look at next week's agenda, and there are some big names reporting...
Week ahead, including Randgold Resources, Thomas Cook, ARM and Rolls
A look at next week's agenda, and there are some big names reporting...
Week ahead, including Randgold Resources, Thomas Cook, ARM and Rolls
A look at next week's agenda, and there are some big names reporting...
Perk up your portfolio
A light hearted look at shareholder perks that are available. Great news for beer swilling clothes horses in need of a telephone line rental.
Thursday's agenda: Premier Farnell to update on the third quarter
Peel Hunt reckons the company represents a “very compelling buying opportunity”
Week ahead: All eyes on the upcoming Fed meeting
Whether or not the Federal Reserve will raise interest rates will likely keep investors occupied until the announcement on Wednesday
Investments and investor services
FTSE100 gains 25, Shire rises on M&A chatter
The FTSE100 could only manage a 25 point gain to 6,420.