Edition:
India

Greene King PLC (GNK.L)

GNK.L on London Stock Exchange

562.60GBp
20 Apr 2018
Change (% chg)

-18.20 (-3.13%)
Prev Close
580.80
Open
580.60
Day's High
580.60
Day's Low
559.20
Volume
1,549,157
Avg. Vol
1,591,442
52-wk High
768.00
52-wk Low
454.00

Latest Key Developments (Source: Significant Developments)

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

Greene King completes 300 mln stg secured bond issuance
Thursday, 26 May 2016 

Greene King Plc :Has finalised terms of a tap of its secured financing vehicle including issue, by greene king finance plc, of £300m class a6 notes due 2035 with a 4.0643 percent coupon.  Full Article

UPDATE 1-UK's Greene King sees profit in line on property disposals

April 12 Pub operator Greene King Plc 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.