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Don't have an account? Click here to register.Greene King serves up tasty increase in like-for-like sales
Tue, 08th Sep 2015 07:56
(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 final 10 weeks of the period reaching a 1.9% pace.However, when stripping out the impact of new drink-driving regulations put in place in Scotland, like-for-like retail sales increased 1.8% over the 18 weeks and climbed 2.4% over the final 10 weeks.The FTSE 250 company said like-for-like sales in the Spirit-managed estate, which the group acquired earlier this year, grew 0.8% year-on-year, while like-for-like net income after 16 weeks of the financial year rose 1.1%. The same metric rose 2.% over the same period in the Pub Partners division.In the Brewing & Brands business, own-brewed volumes increased 1.7% in the 18 weeks, with good growth for its Old Speckled Hen, Greene King IPA and Abbot Ale brands, even though the division had set a tough benchmark a year earlier due to the football World Cup in 2014.Greene King shares were up 1.35% to 822.45p at 0814 BST on Tuesday.
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15 Jan 2016 16:03
15 Dec 2015 08:22
14 Dec 2015 07:34
Greene King chief joins Morrisons board
(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 (fas
Read more3 Dec 2015 12:11
Broker tips: Debenhams, Greene King, Glencore
(ShareCast News) - Debenhams shares were under pressure on Thursday after Goldman Sachs downgraded the stock to 'sell' from 'neutral', pointing to slowing space growth. "As one of the UK general retailers wrestling with the online channel shift dynamic, and in recent times suffering from store-based
Read more3 Dec 2015 10:35
Canaccord Genuity bumps up Greene King target price
(ShareCast News) - Accounting adjustments and increased synergies will boost Greene King's profits in the medium-term, but not the company's cash-flows, Canaccord Genuity said. That followed the company's announcement that it would take a £325.6m provision to replace its "onerous" £50m lease provisi
Read more2 Dec 2015 14:08
FTSE 250 movers: Greene King's half year profit keeps market balanced
(ShareCast News) - The FTSE 250 was still in the green on Wednesday before the London Stock Exchange was due to announce which companies would be promoted and demoted from the FTSE 100 and 250. The market was up 17.18 points (0.1%) to 17,533.94 by mid-afternoon, but trending downwards. Greene King
Read more2 Dec 2015 12:14
UPDATE 2-Greene King posts bigger profit after Spirit Pub deal
* To ship 50,000 IPA cases to China following Xi Jinping visit * Raises savings forecast from Spirit deal to 35 mln stg * First-half pretax profit rises 47 pct to 121.3 mln stg * Stock rises 10 pct, top gainer on FTSE's midcap index (Adds details, CEO, analyst comment, updates
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