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EI Group PLC (EIGE.L)

EIGE.L on London Stock Exchange

283.60GBp
13 Dec 2019
Change (% chg)

0.60 (+0.21%)
Prev Close
283.00
Open
283.40
Day's High
284.00
Day's Low
283.40
Volume
1,035,596
Avg. Vol
1,940,448
52-wk High
289.00
52-wk Low
176.60

Latest Key Developments (Source: Significant Developments)

Ei Group Says Will Put Proposals To Address the CMA's Concerns
Friday, 6 Dec 2019 

Dec 6 (Reuters) - EI Group PLC ::EI GROUP PLC - CMA INITIAL DECISION ANNOUNCEMENT.EI GROUP PLC - AS INVITED BY CMA, PARTIES WILL PUT PROPOSALS TO CMA TO ADDRESS CONCERNS THAT IT HAS RAISED.EI GROUP PLC - WELCOMES CMA ANNOUNCEMENT OF ITS INITIAL DECISION ON PROPOSED ACQUISITION BY STONEGATE PUB COMPANY BIDCO LIMITED OF EIG.EI GROUP PLC - OUR EXPECTATION REMAINS THAT TRANSACTION WILL COMPLETE IN Q1 OF 2020.EI GROUP PLC - PARTIES ARE "CONFIDENT" THAT PROPOSALS IT WILL PUT WILL ENABLE STONEGATE TRANSACTION TO BE APPROVED BY CMA WITHOUT A PHASE 2 REFERRAL.  Full Article

UK CMA Says Stonegate-Ei Deal Does Not Raise UK-Wide Concerns, May Affect Some Areas
Friday, 6 Dec 2019 

Dec 6 (Reuters) - UK's Competition and Markets Authority (CMA)::MERGER UPDATE: STONEGATE PUB COMPANY / EI GROUP.STONEGATE PUB CO'S PROPOSED PURCHASE OF EI GROUP DOES NOT RAISE UK-WIDE COMPETITION CONCERNS BUT COULD DAMAGE COMPETITION IN 51 LOCAL AREAS.CONCERNED THAT, IF STONEGATE-EI WERE TO MERGE, PUB GOERS IN SOME AREAS COULD BE FACED WITH PRICE INCREASES OR LOWER QUALITY PRODUCTS.STONEGATE/EI NOW HAVE UNTIL DEC 13 TO SUGGEST WAYS OF OVERCOMING CMA'S CONCERNS.  Full Article

Syquant Capital Discloses 3.40% Stake In Ei Group As At Dec 4- Filing
Thursday, 5 Dec 2019 

Dec 5 (Reuters) - EI Group PLC ::SYQUANT CAPITAL DISCLOSES 3.40% STAKE IN EI GROUP PLC AS AT DEC 4- FILING.  Full Article

Ei Group FY Underlying EBITDA Of £276 Mln (2018: £287 Million), In Line With Expectations
Tuesday, 19 Nov 2019 

Nov 19 (Reuters) - EI Group PLC ::PRELIMINARY RESULTS ANNOUNCEMENT.FY UNDERLYING EBITDA OF £276 MILLION (2018: £287 MILLION), IN LINE WITH EXPECTATIONS.FY UNDERLYING PROFIT BEFORE TAX OF £118 MILLION (2018: £122 MILLION).FY STATUTORY LOSS AFTER TAX OF £209 MILLION (2018: PROFIT OF £72 MILLION).NEW FINANCIAL YEAR HAS STARTED WELL.PERFORMANCE OF PORTFOLIO OF BUSINESSES WITH TRANSFER OF ASSETS INTO ALTERNATIVE OPERATING MODELS PROGRESSING IN LINE WITH EXPECTATIONS.FY UNDERLYING REVENUE 724 MILLION STG VERSUS 695 MILLION STG.CMA UNDERTAKING ITS PHASE 1 REVIEW OF TRANSACTION.SUBJECT TO OUTCOME OF CMA REVIEW, EXPECTATION REMAINS THAT TRANSACTION WILL COMPLETE IN Q1 OF 2020.  Full Article

UK's CMA Starts Phase 1 Investigation Into Stonegate/Ei Group Deal
Friday, 11 Oct 2019 

Oct 11 (Reuters) - UK's Competition and Markets Authority: :UK'S CMA - LAUNCHED ITS PHASE 1 INVESTIGATION INTO STONEGATE/EI GROUP DEAL AFTER EUROPEAN COMMISSION REFERRED CASE TO UK.  Full Article

Britain's Competition Watchdog Looking At Stonegate-Ei Group Deal
Friday, 11 Oct 2019 

Oct 11 (Reuters) - EI Group PLC ::MERGER UPDATE: STONEGATE / EI GROUP.CONSIDERING WHETHER STONEGATE/EI GROUP DEAL MAY BE EXPECTED TO RESULT IN A SUBSTANTIAL LESSENING OF COMPETITION.  Full Article

EI Group Says Second Half Of Financial Year Has Started Well
Tuesday, 14 May 2019 

May 14 (Reuters) - EI Group PLC ::INTERIM RESULTS.GROWTH IN HY UNDERLYING EBITDA TO £140 MILLION (H1 2018: £139 MILLION).HY UNDERLYING PROFIT BEFORE TAX INCREASED TO £59 MILLION (H1 2018: £57 MILLION).HY LIKE-FOR-LIKE NET INCOME FOR PUBLICAN PARTNERSHIPS UP 1.9% (H1 2018: UP 0.6%) WITH GROWTH ACROSS ALL GEOGRAPHIC REGIONS.HY MANAGED PUBS LIKE-FOR-LIKE SALES GROWTH OF 6.0% (H1 2018: UP 6.6%).FURTHER £30 MILLION SHARE BUYBACK PROGRAMME, IN ADDITION TO £55 MILLION PROGRAMMES PREVIOUSLY ANNOUNCED IN THIS FINANCIAL YEAR.SECOND HALF OF FINANCIAL YEAR HAS STARTED WELL AND CURRENT TRADING IS IN LINE WITH OUR EXPECTATIONS.CONFIDENT THAT, DESPITE SOME CHALLENGING COMPARATIVE TRADING PERIODS AHEAD OF CO IN JUNE & JULY, CAN MAINTAIN GROWTH MOMENTUM FOR YEAR.  Full Article

EI Group HY Underlying EBITDA Falls
Tuesday, 15 May 2018 

May 15 (Reuters) - EI Group PLC ::EI GROUP PLC - HY UNDERLYING EBITDA OF £139 MILLION VERSUS £140 MILLION IN H1 2017.EI GROUP PLC - HY UNDERLYING PROFIT BEFORE TAX OF £57 MILLION VERSUS £57 MILLION IN H1 2017.EI GROUP PLC - FURTHER GROWTH IN NET ASSET VALUE TO £3.26 PER SHARE IN HY VERSUS £3.01 PER SHARE IN H1 2017.EI GROUP PLC - MAINTAINED GROWTH MOMENTUM IN LEASED AND TENANTED ESTATE DURING FIRST HALF OF YEAR.EI GROUP PLC - ON TRACK TO DELIVER POSITIVE LIKE-FOR-LIKE NET INCOME GROWTH IN LEASED AND TENANTED BUSINESS FOR FULL YEAR.EI GROUP PLC - MANAGED OPERATIONS CONTINUE TO TRADE WELL, WITH GOOD RETURNS ACHIEVED UPON CONVERSION.EI GROUP PLC - EXPECT FINANCIAL CONTRIBUTION FROM CONVERSIONS IN MANAGED OPERATIONS TO INCREASE IN COMING YEARS.  Full Article

EI Group Says ‍Like-For-Like Net Income Growth Of 0.5 Pct In 18 Weeks To Feb 3
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - EI Group Plc ::‍LIKE-FOR-LIKE NET INCOME GROWTH OF 0.5% IN 18 WEEKS TO 3 FEBRUARY 2018​.‍"MARKET CONDITIONS AND UNHELPFUL WEATHER HAVE HAD SOME IMPACT ON OUR PERFORMANCE THIS YEAR"​.PUBS THAT HAVE TRADED AS MANAGED PUBS THROUGHOUT BOTH 18 WEEKS AND PRIOR COMPARATIVE PERIOD DELIVERED LIKE-FOR-LIKE SALES GROWTH OF 6.8%​.  Full Article

UK watchdog flags price concerns in Stonegate/Ei pub deal

Britain's competition watchdog has flagged concerns about potential price increases at some pubs from a merger of Slug and Lettuce pub owner Stonegate and rival Ei Group , which would create the country's biggest pub operator.