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CK Asset Holdings Says Shareholders Approve Acquisition Of Greene King PLC
Greene King Says 67.46% Of Votes Cast At AGM In Favour Of Approving Directors' Remuneration Report
Greene King Says LFL Sales Down 1.8% For First 18 Weeks Of Fiscal Year
Greene King plc is an integrated pub retailer and brewer. The Company operates approximately 3,040 managed, tenanted, leased and franchised pubs, restaurants and hotels, including brands, such as Hungry Horse, Chef & Brewer, Flaming Grill, Farmhouse Inns and its Greene King locals estate. The Company's segments include Pub Company, Pub Partners, and Brewing & Brands. The Pub Company segment is engaged in the operation of managed pubs and restaurants. The Pub Partners segment is involved in the operation of tenanted and leased pubs. The Brewing and Brands segment is engaged in brewing, marketing and selling beer. The Company's ale brand portfolio includes Old Speckled Hen, Greene King IPA, Abbot Ale and Belhaven Best. The Pub Company segment operates approximately 1,820 pubs and restaurants across Britain. The Company's breweries include Westgate Brewery, which is located in Bury St. Edmunds, and Belhaven Brewery, located in Dunbar.
Abbot House, Westgate Street
Philip E. Yea
Independent Non-Executive Chairman of the Board
Chief Executive Officer
Chief Financial Officer, Executive Director
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Greene King Plc <GNK.L> said on Friday comparable sales at its pubs rose 1.5% over the last seven weeks, as it prepared for a proposed 4.6 billion pound takeover by a company founded by Hong Kong's richest man Li Ka-Shing.
Greene King Plc said on Friday comparable sales at its pubs grew 1.5% over the last seven weeks, as the company prepares for a proposed 4.6 billion pound ($5.68 billion) takeover by Hong Kong's richest man Li Ka-Shing.
British pubs operator Greene King <GNK.L> has agreed to a 4.6 billion pounds ($5.6 billion) bid from a Hong Kong-listed company founded by the territory's richest man Li Ka-Shing, which said it was seeking to increase its UK presence even as Brexit looms.
London's FTSE 100 bagged gains on Monday led by oil majors and Asia-exposed banks that rose on moves by China to keep business interest rates low, while pub operator Greene King helped midcaps outshine after agreeing to be bought out.
A unit of CK Asset Holdings Ltd , founded by Hong Kong's richest man Li Ka-Shing, on Monday agreed to buy pub operator Greene King Plc for 850 pence per share, excluding the shares it already owns, in a deal that values the company at 2.7 billion pounds.
British pub operator Greene King Plc said a wet summer so far and poor sentiment had hurt its sales in its new financial year, but it posted higher-than-expected annual profit in the previous 12 months, driving shares up some 4%.
Britain's Greene King reported higher annual profit, boosted mainly by last year's football World Cup, but said the unseasonable wet summer season had hurt the pub operator's sales in the first eight weeks of the year.
Greene King Plc forecast annual pretax profit above analysts' expectations as more Britons headed to its pubs over a warm and sunny Easter, but worries over persistently high costs pushed its shares lower.
British pub operator Greene King Plc on Tuesday forecast annual pre-tax profit above analysts' expectations, as demand for its brews during Christmas continued into the Easter period.
Pub operator Greene King Plc on Tuesday named Nick Mackenzie chief executive officer, replacing long-time boss Rooney Anand who stepped down in November last year.
More Britons headed to the pub for a pint over Christmas and New Year, Greene King <GNK.L> said on Tuesday as it reported higher sales and record numbers on Christmas Day itself.
Pub operator Greene King Plc on Tuesday said comparable sales for the two weeks covering Christmas and New Year's eve rose 10.9 percent, boosted by strong demand for beers and ales from British pub-goers at its outlets.
Britons are seeking a break from the endless Brexit debate by heading to their local for a pint, pub operator Greene King <GNK.L> said on Thursday as it reported an increase in profit over the last six months.
Greene King reported a 3.2 percent rise in first-half pretax profit on Thursday and the pub operator said it was putting contingency plans in place to protect against disruptions if Britain leaves the European Union without a deal.
Pub Operator Greene King Plc's <GNK.L> long-time Chief Executive Officer, Rooney Anand, will step down at the end of the current financial year, the company said on Tuesday.
British brewer and pub group Greene King <GNK.L> recovered from a flat 2017 performance in its first quarter, with sales growth driven by England's World Cup soccer run and a summer heatwave.
British pub operator Greene King Plc's like-for-like sales rose 2.8 percent higher in the first quarter, boosted by exceptionally warm weather in the country and the football World Cup.
British pub operator Greene King Plc <GNK.L> on Thursday reported an 11.2 percent drop in full-year adjusted pretax profit, hurt by softer consumer spending, higher costs and bad weather at the start of the year.
British pub operator Greene King Plc's full-year adjusted pretax profit fell 11.2 percent, in line with the company's expectations, hurt by softer consumer spending and adverse weather at the start of the year.
Pub operator Greene King Plc <GNK.L> reported a 1.8 percent drop in like-for-like sales for 49 weeks to early April on Thursday, hurt by the cold wave during February-March, but projected annual pretax profit largely in line with market estimates.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.