Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGreene King Share News (GNK)

  • There is currently no data for GNK

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London pre-open: Stocks to bounce despite Greek default on IMF loan

Wed, 01st Jul 2015 07:47

UK stocks are expected to bounce off a five-month low on Wednesday despite Greece becoming the first developed economy to default on a repayment to the IMF.City sources predict the FTSE 100 will open 42 points higher than Tuesday's close of 6,520.98, its lowest finish since 12 January.The IMF on Tuesday confirmed that Greece had not made the deadline to repay €1.6bn and declared the country "in arrears". IMF spokesman Gerry Rice said Greece can now only receive further funding from the global lender once the arrears are cleared.Athens handed a last-minute proposal on Tuesday, requesting a new two-year bailout programme from the European Stability Mechanism to help pay €29.15bn in debt due between 2015 and 2017. Eurozone finance ministers held a teleconference call on Tuesday evening but dismissed Greece's offer.Dealer Jonathan Sudaria from London Capital Group said: "Now that the inevitable has occurred, it looks as though markets are taking solace in having some mild form of certainty"."However, don't take todays start as a sign of a turn around, more the start of a consolidation period in the run up the referendum," he said.Wednesday's session is likely to be busy in terms of data, with manufacturing purchasing managers' indices (PMIs) due out in China, the UK, Eurozone and US, along with the ADP US employment report and a barrage of other economic indicators Stateside.Overnight, the Chinese government's 'official' manufacturing PMI was unchanged at 50.2 in June, missing the 50.4 estimate, while the non-manufacturing PMI rose to 53.8 from 53.2.Stocks to watchProfits in the first half of the year at Serco were flat compared to the previous year but "a little better" than predicted, though management have not altered their expectations for the full year. A trading update from the 250 company indicated that, despite helpful currency movements, revenues will be down roughly 15% to not less than £1.7bn, with trading profits flat at not less than £45m.Pub group Greene King reported record retail revenue in its full-year results, although profit fell as a result of lower like-for-like sales and the impact of the disposal of 275 pubs to Hawthorn Leisure. Retail revenue for the 52 weeks to 3 May 2015 came in at £1bn, up from £963m last year, while total group revenue came in at £1.32bn from £1.3bn in 2014.
More News
6 Sep 2019 15:54

Greene King Faces Shareholder Opposition To Remuneration Report

(Alliance News) - Greene King PLC said a third of its shareholders rejected a motion to approve a directors' remuneration report during the company's annual general meeting on pub operator

Read more
6 Sep 2019 07:46

Greene King Q1 beer sales fall ahead of ?2.7bn takeover

(Sharecast News) - Pub owner and brewer Greene King saw beer sales plunge in the first quarter ahead of its £2.7bn takeover by Hong Kong billionaire Li Ka-Shing.

Read more
30 Aug 2019 16:04

UK Shareholder Meetings Calendar - Next 7 Days

Monday 2 SeptemberDefenxRedcentricTuesday 3 SeptemberAcacia Mining 4

Read more
21 Aug 2019 13:20

Wednesday broker round-up

(Sharecast News) - Greene King: RBC Capital Markets downgrades to sector performer with a target price of 850p.

Read more
20 Aug 2019 12:26

Tuesday broker round-up

(Sharecast News) - Royal Dutch Shell: Barclays downgrades to equal weight with a target price of 3,100p.

Read more
20 Aug 2019 11:00

Canaccord Genuity lowers Greene King to 'hold' following CK Noble offer

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on British landlord Greene King on Tuesday, but lowered their recommendation for the firm's shares from 'buy' to 'hold' following the previous session's accepted offer from CK Noble.

Read more
19 Aug 2019 17:01

LONDON MARKET CLOSE: FTSE 250 Surges As Greene King Accepts Takeover

(Alliance News) - London stocks started the week on the front foot amid stimulus hopes and the prospect of further trade talks between the US and China. In Monday's afternoon company news, up

Read more
19 Aug 2019 16:16

TOP NEWS: Greene King Agrees GBP4.6 Billion Offer From CK Asset

(Alliance News) - Greene King PLC said Monday it has accepted an 850 pence cash offer from Hong Kong-listed property developer CK Asset Holdings Ltd.Shares in the FTSE 250-listed pub jumped

Read more
19 Aug 2019 15:56

CK Asset Holdings to buy Greene King for 850p a share

(Sharecast News) - Shares of Greene King surged on Monday as the pub group agreed to be bought by a subsidiary of CK Asset Holdings, the flagship of the CK Hutchison Group, for 850p a share in cash.

Read more
10 Jul 2019 08:28

TOP NEWS: Dunelm Confident Amid Double-Digit Annual Revenue Growth

(Alliance News) - Curtains and bedding seller Dunelm Group PLC on Wednesday reported a double-digit increase in revenue in both its final quarter and full financial year, and said it expects to by

Read more
27 Jun 2019 10:59

WINNERS & LOSERS SUMMARY: Kingfisher Rises After Appointing New CEO

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 3.8%. The DIY retailer appointed Carrefour as -

Read more
27 Jun 2019 07:50

Greene King outperforms but damp weather harming current year sales

(Sharecast News) - Greene King reported that it had returned to market outperformance on Thursday, due to growth from its pub company and brewing and brands segments, although wet weather did hurt sales in the post year-end period.

Read more
20 Jun 2019 16:04

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 21 June no events scheduled Monday 24 Year Year BoxFull Year Social

Read more
13 Jun 2019 15:06

FTSE 250 movers: Contour crushed, Just Group leaps

(Sharecast News) - London's FTSE 250 was 0.41% lower at 19,171.03 in afternoon trading on Thursday, as power generation business Contour Global led the index lower.

Read more
13 Jun 2019 13:08

Thursday broker round-up

(Sharecast News) - Domino's Pizza Group: Peel Hunt upgrades to buy with a target price of 300p.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.