2 Dec 2015 10:31
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Don't have an account? Click here to register.Greene King chief joins Morrisons board
Mon, 14th Dec 2015 07:34
(ShareCast News) - Wm Morrison Supermarkets has announced Rooney Anand will join its board as a non-executive director and as senior independent director on 1 January 2016.The FTSE 100 company said Anand, who is currently chief executive of Greene King, is a "highly experienced retail and fmcg (fast-moving consumer goods) executive".He has worked with United Biscuits and Sara Lee before joining the pub business in 2001, before being appointed CEO in 2005.He is credited with turning it around from a regional brewery and pub business to a brand-led pub, restaurant and hotel operator.He has also headed up its £770m takeover of the Spirit Pub Group, which will make Greene King the largest managed pub group in the UK.Morrisons chairman Andrew Higginson said Anand is a widely admired and successful chief executive."Rooney had the vision at the start of the credit crunch to reinvent Greene King as a branded food based pub retailer," he said."His experience in retail, in fmcg and in turning around the fortunes of a major retail business, will all be put to good use at Morrisons."It's the last in a series of new appointments for the supermarket, following Irwin Lee, Belinda Richards, Paula Vennells and Neil Davidson joining the board.
More News
2 Dec 2015 07:15
Greene King surges as Spirit Pub integration boosts interim profit
(ShareCast News) - Pub operator Greene King posted a rise in first half pre-tax profit and revenue thanks in part to the integration of Spirit Pub Company. For the 24 weeks to 18 October, statutory pre-tax profit increased 17.9% to £84.9m as revenue surged 49.2% to £917.7m. Chief executive officer
Read more1 Dec 2015 15:19
Wednesday preview: Eurozone inflation due, Greene King and Zoopla report
(ShareCast News) - Eurozone inflation may have improved in November compared to a year ago, according to analysts' forecasts ahead of consumer price index data on Wednesday. The flash estimate of CPI for November is expected to show a 0.2% year-on-year increase, compared to 0.1% in October. Core inf
Read more25 Nov 2015 16:05
23 Sep 2015 14:41
FTSE 250 movers: Production figures boost Premier Oil, Petra Diamonds rebounds
(ShareCast News) - The FTSE 250 started to climb back on Wednesday to 16,687.19 - up 157.21 points (0.95%) Premier Oil rose after it announced year-to-date production had averaged 57,100 barrels of oil equivalent per day, ahead of a full-year guidance of 55,000. Petra Diamonds continued to rebound
Read more23 Sep 2015 14:37
Broker tips: British American Tobacco, Greene King, Mitchells & Butlers, Glencore
(ShareCast News) - The medium-term outlook for British American Tobacco is "strong" but the firm is facing earnings downgrades from analysts related to movements in foreign exchange markets and price roll-backs in Australia, one large broker said to clients after the company's Investor Day. Nonethel
Read more23 Sep 2015 12:24
HSBC downgrades Greene King, Mitchells & Butlers
(ShareCast News) - HSBC cut its stance on Greene King and Mitchells & Butlers as it took a look at the UK pubs sector. The bank downgraded Greene King to 'reduce' from 'hold' and cut its price target to 780p from 830p saying it was concerned about like-for-like sales growth. "We assume 2%, which is
Read more8 Sep 2015 07:56
Greene King serves up tasty increase in like-for-like sales
(ShareCast News) - Pub operator and brewer Greene King posted an increase in like-for-like sales in the first 18 weeks of its financial year, helped by solid growth across all of its divisions. In the 18 weeks to 6 September, like-for-like retail sales climbed 1.3% year-on-year, with growth in the f
Read more