Edition:
United Kingdom

Greene King PLC (GNK.L)

GNK.L on London Stock Exchange

639.80GBp
9:15am BST
Change (% chg)

-9.00 (-1.39%)
Prev Close
648.80
Open
648.80
Day's High
649.40
Day's Low
631.20
Volume
140,769
Avg. Vol
1,135,948
52-wk High
705.85
52-wk Low
466.68

Latest Key Developments (Source: Significant Developments)

Greene King Says Current Trading Hurt By Unseasonal Rains
Thursday, 27 Jun 2019 

June 27 (Reuters) - Greene King PLC ::FY PRETAX PROFIT FELL 12.5 PERCENT TO 172.8 MILLION STG.FY REVENUE ROSE 1.8 PERCENT TO 2.217 BILLION STG.FY PUB COMPANY LIKE-FOR-LIKE (LFL) SALES AHEAD OF MARKET AT +2.9%.ONGOING MITIGATION PROGRAMME TO LIMIT NET COST INFLATION TO £10-20M IN F20.TRADING OVER FIRST EIGHT WEEKS WAS IMPACTED BY POOR WEATHER.FY DIVIDEND PER SHARE OF 33.2P.£35M MITIGATION ACHIEVED, LIMITING COST INFLATION TO £14M;.FURTHER PROGRESS MADE REFINANCING SPIRIT DEBENTURE SINCE START OF NEW FINANCIAL YEAR.FY PUB PARTNERS REVENUE WAS DOWN 2.0% TO £190.1M, DRIVEN BY 5.0% DECREASE IN AVERAGE NUMBER OF PUBS TRADING.FY TOTAL BEER VOLUMES WERE UP 0.9%, BOOSTED BY GOOD WEATHER, SUCCESSFUL WORLD CUP, AND REVENUE IN BREWING & BRANDS WAS UP 5.8%."POLITICAL AND CONSUMER UNCERTAINTY IS LIKELY TO CONTINUE TO WEIGH ON CONFIDENCE AND COST INFLATIONARY ENVIRONMENT PERSISTS".OVER FIRST EIGHT WEEKS LFL SALES IN PUB COMPANY WERE BELOW LAST YEAR'S STRONG COMPARATIVES.BOARD HAS RECOMMENDED A FINAL FY DIVIDEND OF 24.4 PENCE PER SHARE, IN LINE WITH LAST YEAR.FY GROUP PROFIT BEFORE TAX AND ITEMS £246.9M VERSUS £243 MILLION AS REPORTED LAST YEAR.PROPOSED FINAL DIVIDEND BRINGS TOTAL DIVIDEND FOR YEAR TO 33.2 PENCE PER SHARE, IN LINE WITH LAST YEAR.YEAR AHEAD WILL BE A 53 WEEK YEAR AND WILL SEE IMPLEMENTATION OF IFRS 16 WHICH WILL AFFECT A NUMBER OF REPORTED KPIS.  Full Article

Greene King Sees FY Profit Before Tax, Non-Underlying & Exceptional Items Between £244M-£247M
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Greene King PLC ::TRADING STATEMENT.PUB COMPANY LFL SALES FOR 52 WEEKS TO 28(TH) APRIL WERE UP 2.9%.EASTER LFL SALES WERE UP 4.6% AGAINST LAST YEAR'S EASTER WEEKEND.PUB PARTNERS LFL NET INCOME FOR 52 WEEKS WAS UP 1.6% WHILE LFL PROFIT WAS DOWN 1.4%.SEES FULL YEAR PROFIT BEFORE TAX, NON-UNDERLYING AND EXCEPTIONAL ITEMS TO BE BETWEEN £244M AND £247M.EXPECT TO LIMIT NET COST INFLATION THIS YEAR TO BETWEEN £10-20M.BROADLY ON TRACK TO DELIVER DISPOSALS PROGRAMME AND NEW BUILDS/SINGLE SITE ACQUISITIONS FOR YEAR.  Full Article

WM Morrison Appoints Rooney Anand To Audit Committee
Friday, 18 Jan 2019 

Jan 18 (Reuters) - WM Morrison Supermarkets PLC ::DIRECTORATE CHANGE.ANNOUNCES APPOINTMENT OF ROONEY ANAND TO AUDIT COMMITTEE WITH IMMEDIATE EFFECT.DIRECTORATE CHANGE.  Full Article

Greene King Names Nick Mackenzie As CEO
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Greene King PLC ::DIRECTORATE CHANGE.NICK MACKENZIE TO JOIN BOARD AS CHIEF EXECUTIVE.NICK MACKENZIE WILL JOIN BOARD ON 1 MAY 2019 AS CHIEF EXECUTIVE IN SUCCESSION TO ROONEY ANAND..  Full Article

Greene King Says Rooney Anand Intends To Step Down As CEO
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Greene King PLC ::BUSINESS IS PERFORMING IN LINE WITH OUR EXPECTATIONS AND AHEAD OF MARKET.BOARD ADVISED BY ROONEY ANAND OF HIS INTENTION TO STEP DOWN FROM ROLE OF CEO AT END OF CURRENT FINANCIAL YEAR ENDING APRIL 30, 2019.PROCESS TO APPOINT ROONEY ANAND'S SUCCESSOR IS WELL ADVANCED,ANNOUNCEMENT OF SUCCESSION IS EXPECTED TO BE MADE EARLY IN NEW CALENDAR YEAR.  Full Article

Spire Names John Forrest As Chief Operating Officer
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - Spire Healthcare Group PLC ::APPOINTMENT OF NEW CHIEF OPERATING OFFICER.APPOINTED JOHN FORREST AS ITS NEW CHIEF OPERATING OFFICER.JOHN JOINS SPIRE FROM GREENE KING.  Full Article

Dimensional Fund Advisors Discloses 5 Pct Stake In Greene King- Filing
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Greene King PLC ::DIMENSIONAL FUND ADVISORS DISCLOSES 5 PERCENT STAKE IN GREENE KING- FILING.  Full Article

Greene King Says ‍Pub Company LFL Sales For First 37 Weeks Down 1.4 Pct
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Greene King Plc ::SAYS ‍PUB COMPANY LFL SALES FOR FIRST 37 WEEKS OF YEAR WERE -1.4%​.SAYS ‍PUB PARTNERS LFL NET PROFIT FOR FIRST 36 WEEKS OF YEAR WAS UP 0.2%​.SAYS ‍BREWING & BRANDS OWN-BREWED VOLUME WAS -0.9% FOR FIRST 37 WEEKS​.SAYS ‍REMAIN ON TRACK TO DELIVER TARGETED COST SAVINGS OF £40-45M THIS YEAR​.‍TRADED WELL OVER CHRISTMAS PERIOD WITH PUB COMPANY LFL SALES GROWTH OF 1.6% FOR TWO WEEKS COVERING CHRISTMAS AND NEW YEAR'S EVE​.‍EXCLUDING SNOW IMPACT, LFL SALES FOR 37 WEEKS PERIOD WOULD HAVE BEEN UP 3.4%​.  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 18-wk Pub Company LFL sales down 1.2 pct
Friday, 8 Sep 2017 

Sept 8 (Reuters) - Greene King Plc :IN FIRST 18 WEEKS OF YEAR, PUB COMPANY LIKE-FOR-LIKE (LFL) SALES WERE -1.2%, AGAINST A MARKET WHICH DECLINED -0.7%*.IN THE FIRST 18 WEEKS OF THE YEAR, EXCLUDING FAYRE & SQUARE, WHICH IS BEING REBRANDED DURING THIS FINANCIAL YEAR, LFL SALES WERE -0.9%.IN FIRST TEN WEEKS, LFL SALES WERE IN LINE WITH OUR EXPECTATIONS AND BROADLY IN LINE WITH LAST YEAR, DESPITE TOUGH COMPARISONS FROM EURO 2016.SINCE SECOND HALF OF JULY, WHEN WEATHER WORSENED, TRADING WEAKENED..CONTINUING TO ADDRESS CHALLENGES OF VALUE FOOD SECTOR THROUGH MEASURED CAPITAL INVESTMENT TO UPGRADE AND REPOSITION PUBS AND THROUGH SELECTIVE DISPOSAL.PROGRAMME TO DELIVER £45M OF COST SAVINGS THIS YEAR, INCLUDING FURTHER COST SYNERGIES FROM SPIRIT ACQUISITION, IS ON TRACK.LFL NET PROFIT IN PUB PARTNERS WAS UP 1.4% AFTER 16 WEEKS, WITH IMPACT OF MRO IN LINE WITH OUR EXPECTATIONS.IN THE FIRST 18 WEEKS OF THE YEAR, OWN-BREWED VOLUME WAS DOWN -0.5% AGAINST A UK ALE MARKET DOWN -2.9% AND A CASK ALE MARKET DOWN- 7.0%.EXPECT CHALLENGES OF WEAKER CONSUMER CONFIDENCE, INCREASED COSTS AND INCREASING COMPETITION TO PERSIST OVER NEAR TERM.  Full Article

Photo

Global trade worries weigh down FTSE 100; pub chain Ei surges on deal

Britain's FTSE 100 followed other major stock markets lower on Thursday as initial batches of corporate earnings jangled nerves over global growth, while losses for London's mid-cap index were capped by a buyout of pub operator Ei Group.