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Greene King PLC (GNK.L)

GNK.L on London Stock Exchange

492.90GBp
12 Nov 2018
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Latest Key Developments (Source: Significant Developments)

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

Greene King appoints Richard Smothers CFO to replace Kirk Davis
Friday, 11 Aug 2017 

Aug 11 (Reuters) - Greene King Plc :Change of chief financial officer.Richard Smothers will be joining Greene King in December 2017, and joining board as chief financial officer in February 2018.Richard is replacing Kirk Davis, who will be leaving Greene King at end of January 2018 to become chief financial officer of Restaurant Group.  Full Article

Greene King's full-year adj pretax profit rises 6.6 pct
Thursday, 29 Jun 2017 

June 29 (Reuters) - Greene King Plc :Fy pretax profit fell 2.6 percent to 184.9 million stg.Fy adj pretax profit rises 6.6 percent to 273.5 million stg.Final dividend 24.4 penceper share.Total dividend 33.2 penceper share.Continued market outperformance.Pub company like-for-like (lfl) 2 sales up 1.5%, ahead of market 3 , driven by a good christmas, a stronger q4 and a strong performance from greene king locals.Record performance from pub partners; lfl net profit 2 up 5.0%.Performance has been achieved against a demanding backdrop of increased costs, weaker consumer confidence and increasing competition.I expect these challenges to intensify over next few years, greene king has a very strong track record of delivery in tough market conditions.  Full Article

Greene King details impact from national living wage
Wednesday, 30 Nov 2016 

Greene King Plc : CFO - "We now expect the impact from national living wage to be 4 million pounds in 2017" Further company coverage: [GNK.L].  Full Article

Greene King says H1 pretax profit up 9 pct to 92.5 mln stg
Wednesday, 30 Nov 2016 

Greene King Plc : Half year pretax profit rose 9 pct to 92.5 mln stg . Interim dividend up 4.1 pct to 8.8 pence per share . H1 revenue rose 13.8 pct to 1.044 bln stg . Pub company like-for-like (LFL) sales up 1.3 pct ahead of market . Strong performance from Pub Partners; LFL net income up 4.2 pct . Synergies expected to be 30 mln stg this year; original three year target in two years . Further challenges through national living wage, national minimum wage, apprenticeship levy, recent proposed increases in business rates .These government initiatives will impact on costs and margins within hospitality industry going forward.  Full Article

Greene King's long-time CEO to step down in 2019

Pub Operator Greene King Plc's long-time Chief Executive Officer, Rooney Anand, will step down at the end of the current financial year, the company said on Tuesday.