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.
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.
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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