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Greene King PLC (GNK.L)

GNK.L on London Stock Exchange

520.00GBp
13 Dec 2017
Change (% chg)

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520.00
Open
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Volume
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Avg. Vol
1,595,847
52-wk High
768.00
52-wk Low
490.08

Latest Key Developments (Source: Significant Developments)

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

Greene King plc announces retirement of chairman
Tuesday, 2 Feb 2016 

Greene King plc:Says Tim Bridge, chairman of the company, will be retiring from the board on 1 May 2016.Says Philip Yea is joining the board on 2 February 2016 as a non-executive director, and then will take over as chairman on 2 May 2016.  Full Article

UPDATE 1-British pub operator Greene King's profit hit by higher costs

Nov 30 Greene King became the latest British pub operator to flag weakness in consumer spending and higher costs of serving food and drinks, as it reported an 8 percent drop in first-half profit.