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United Kingdom

Greene King PLC (GNK.L)

GNK.L on London Stock Exchange

605.20GBp
16 Jan 2019
Change (% chg)

2.20 (+0.36%)
Prev Close
603.00
Open
600.00
Day's High
614.40
Day's Low
600.00
Volume
839,130
Avg. Vol
990,551
52-wk High
652.20
52-wk Low
454.00

Latest Key Developments (Source: Significant Developments)

Greene King Says LFL Sales In Last Two Weeks Up 10.9 Pct
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - Greene King PLC ::CHRISTMAS TRADING UPDATE.AFTER 36 WEEKS OF OUR FINANCIAL YEAR, PUB COMPANY LIKE-FOR-LIKE (LFL) SALES WERE UP 3.2%.LFL SALES IN LAST TWO WEEKS, COVERING CHRISTMAS AND NEW YEAR, WERE UP 10.9%.COST MITIGATION PROGRAMME IS ON TRACK TO LIMIT NET COST INFLATION TO £10-20M IN YEAR.REMAIN CONFIDENT OF OUR OUTLOOK FOR FINANCIAL YEAR.REMAINING ON COURSE TO DISPOSE OF 100-110 PUBS AND OPEN AROUND NINE NEW PUBS IN FINANCIAL YEAR.WHILE ONGOING UNCERTAINTY AROUND BREXIT MAY STILL HAVE AN IMPACT ON CONSUMER CONFIDENCE AND SPENDING DURING YEAR.BOUGHT BACK £62M OF SPIRIT A5 BONDS TO DATE.  Full Article

Greene King Says Putting Contingency Plans In Place In Event Of A "No Deal" Brexit
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Greene King PLC ::H1 REVENUE 1.051 BILLION STG.HY LFL SALES IN PUB COMPANY WERE UP 2.9%.HY PUB PARTNERS AND BREWING & BRANDS PERFORMING IN LINE WITH EXPECTATIONS.QTRLY CHRISTMAS BOOKINGS WELL AHEAD OF LAST YEAR.REMAIN ON TRACK TO LIMIT FULL YEAR NET COST INFLATION TO £10-20M.HY TOTAL REVENUE £1,051.2M VERSUS £1,031.4M.SAYS "ONGOING UNCERTAINTY AROUND BREXIT MAY IMPACT ON CONSUMER CONFIDENCE".PUTTING CONTINGENCY PLANS IN PLACE IN EVENT OF A "NO DEAL" BREXIT TO MITIGATE POTENTIAL DISRUPTION TO BUSINESS.CONTINUE TO MONITOR PROGRESS OF BREXIT NEGOTIATIONS AND HAVE IDENTIFIED KEY AREAS OF RISK TO BUSINESS FROM A "NO DEAL" OUTCOME.WORKING CLOSELY WITH SUPPLY CHAIN PARTNERS TO SAFEGUARD CONTINUED SUPPLY OF GOODS TO OUR PUBS AND BREWERIES.HAVE RELATIVELY SMALL PERCENTAGE OF WORKFORCE WHO ARE NON-UK EU NATIONALS.TAKING STEPS TO ENSURE NON-UK EU NATIONALS EMPLOYEES HAVE FULL SUPPORT THROUGH PERIOD OF UNCERTAINTY.  Full Article

Greene King On Track To Dispose 100-110 Pubs This Year
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Greene King PLC ::TRADING UPDATE.LIKE-FOR-LIKE SALES UP 2.8% FOR FIRST 18 WEEKS OF YEAR.REMAIN ON COURSE TO DISPOSE OF 100-110 PUBS THIS YEAR AND EXPECT TO OPEN AROUND NINE NEW PUBS..LIKE-FOR-LIKE SALES GROWTH OVER LAST 10 WEEKS WAS 3.2%.COST MITIGATION PROGRAMME TO HELP OFFSET GROSS COST INFLATION OF C.£45-50M IS ON TRACK.MAKING GOOD PROGRESS WITH REFINANCING PROGRAMME, WHICH WILL REDUCE COST OF DEBT AND INCREASE FLEXIBILITY.QTRLY GREENE KING BRANDED LOCAL PUBS TRADED PARTICULARLY WELL WITH LFL SALES OF +5.5%.LFL NET PROFIT IN PUB PARTNERS WAS -0.4% AFTER 16 WEEKS, IMPACTED BY TIMING OF HIGHER OVERHEAD COSTS.  Full Article

Greene King FY Revenue Fell 1.8 Pct To 2.177 Bln Stg
Thursday, 28 Jun 2018 

June 28 (Reuters) - Greene King PLC ::FY REVENUE FELL 1.8 PERCENT TO 2.177 BILLION STG.FY PRETAX PROFIT ROSE 6.8 PERCENT TO 197.5 MILLION STG.FINAL DIVIDEND 24.4 PENCEPER SHARE.TOTAL DIVIDEND 33.2 PENCEPER SHARE.FY PUB PARTNERS LFL NET PROFIT +0.4%.FY PUB COMPANY LIKE-FOR-LIKE (LFL) SALES -1.2% EXCLUDING IMPACT OF SNOW.FY DIVIDEND PER SHARE 3 OF 33.2P.PUB COMPANY LFL SALES +2.2% OVER LAST EIGHT WEEKS.FY BREWING & BRANDS REVENUE £215.1 MILLION VERSUS £200.3 MILLION.EXPECT TRADING ENVIRONMENT TO REMAIN CHALLENGING FOR SOME TIME.  Full Article

Greene King Says Pub Company Like-For-Like Sales Of 1.8 Pct
Thursday, 12 Apr 2018 

April 12 (Reuters) - Greene King PLC ::PUB COMPANY LIKE-FOR-LIKE (LFL) SALES FOR 49 WEEKS TO 8 TH APRIL WERE -1.8%.SAYS AFTER 48 WEEKS, LFL NET PROFIT IN PUB PARTNERS WAS -0.3%.TRADING OVER EASTER WAS STRONG WITH LFL SALES UP 2.8% AGAINST EASTER WEEKEND LAST YEAR, HELPED BY STRONG SPORTING FIXTURES.REMAIN ON TRACK TO DELIVER TARGETED COST SAVINGS OF £40-45 MILLION.EXPECT FULL YEAR PROFIT BEFORE TAX AND EXCEPTIONALS TO BE IN RANGE OF £240-245 MILLION.WILL COMPLETE EXIT FROM FAYRE & SQUARE BY FINANCIAL YEAR END; OPENED NINE NEW PUBS OVER YEAR.FOR THE 49 WEEKS PERIOD, OWN-BREWED VOLUMES IN BREWING & BRANDS WERE -0.7PCT.  Full Article

Greene King says HY group pre-tax profit down 8.0 pct
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Greene King Plc ::INTERIM DIVIDEND 8.8 PENCEPER SHARE.HALF YEAR REVENUE FELL 1.2 PERCENT TO 1.031 BILLION STG.PUB COMPANY LIKE FOR LIKE SALES -1.4% FOR HY​.SAYS ‍HY GROUP PROFIT BEFORE TAX AND EXCEPTIONAL AND NON-UNDERLYING ITEMS 127.9 MILLION STG, DOWN 8.0%​.SAYS ‍BOARD HAS DECLARED AN INTERIM DIVIDEND OF 8.8 PENCE PER SHARE, WHICH IS IN LINE WITH LAST YEAR​.SEES FY 2017/18 TOTAL GROSS COST INFLATION OF AROUND £60M, AFTER OUR COST MITIGATION PLANS OF £40-45M.‍ANTICIPATE SPENDING OF £125M-140M FOR FINANCIAL YEAR 2017/18​.  Full Article

Greene King says LFL sales for 40-wks to Feb. 5 up 1.1 pct
Friday, 10 Feb 2017 

Greene King Plc : Trading statement for 40 weeks to 5th february 2017 . In first 40 weeks of year, pub company achieved like-for-like (lfl) sales growth of 1.1 pct . Excluding fayre & square, lfl sales were +1.6 pct . Over last 16 weeks, we have seen a strong christmas trading period alongside usual quieter months of november and january. . Lfl sales over three christmas weeks were up 4.5 pct, despite tough comparisons with previous christmas. . We again broke our record for christmas day with sales of £7.4m, up 6.0 pct on previous year. . In a cask ale market down 3.8 pct, own-brewed volume (obv) in brewing & brands was down 4.2 pct. . Further progress was made on spirit integration with over 1,000 pubs now converted to 'best of both' pub company it system and ongoing synergy . We reached our target of 11 new pub acquisitions, of which six were farmhouse inns and five were hungry horse . Our disposal programme accelerated in second half as expected . So far this year, we have sold 59 pubs across both pub company and pub partners for total proceeds of c.£35m . We anticipate disposing a further 50-60 pubs this year, raising proceeds of c. £30-40m. .We are confident that combined strength of our brands, pubs, people and cash generation leaves us well placed to deliver another year of progress.  Full Article

UK Stocks-Factors to watch on Jan 16

Jan 16 Britain's FTSE 100 .FTSE index is seen opening 3 points lower at 6,895.02 points on Wednesday, according to financial bookmakers. * MARKS & SPENCER: British retailer Marks & Spencer has announced the next 17 stores it will close as part of its programme to reshape its business, putting more than 1,000 jobs at risk. * SAGE: Sage Group Plc said on Tuesday it would sell its U.S. payroll outsourcing business for 78 million pounds ($100.08 million) as part of the softwar