All Greene King articles – Page 10
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NewsAnalysts corner: JP Morgan on Greene King
JP Morgan says it believes that there was a greater need for improvement in the quality of Greene King’s Spirit estate than perhaps was realised at the time of its acquisition, and that it has weighed down on the combined group’s performance
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NewsSlower food sales hit GK FY managed lfls
Greene King saw like-for-like sales in its managed Pub Company arm fall 1.7% in the year to 29 April – with the figure at -1.2% excluding the impact of snow.
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NewsAnalysts corner: Goodbody on Greene King
Goodbody is sticking to its cautious view of Greene King overall, says analyst Paul Ruddy, despite the likely boost to sales during the World Cup
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NewsAnalysts corner: Peel Hunt on Greene King
Peel Hunt analysts Douglas Jack and Ivor Jones have given their predictions for Greene King’s preliminary results next week. They expect to see managed pub trading returning to positive trading and signs that its wet-led pubs are receiving a boost from the weather and World Cup.
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NewsGreene King appoints PwC on Loch Fyne
Greene King has appointed advisors at PwC to oversee the sale of bulk of its Loch Fyne restaurant business
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Steward replaces Hebblethwaite at GK
Greene King has appointed Belinda Steward as a new business unit director, responsible for Old English Inns, Eating Inn and its fledgling Goodwins model, MCA understands.
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NewsAnalysts corner: Greene King
Analysts at Hargreaves Lansdown have given their view on the trading update from Greene King yesterday, saying the group’s track record deserves recognition and that brand consolidation offers cause for optimism, However, they warn the company faces undeniable headwinds.
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NewsAnalysts Corner: JP Morgan and Goodbody on Greene King
Leading analysts Alexander Mees from JP Morgan and Brian Devitt from Goodbody, gave their views on Greene King’s trading update for the 49 weeks to 8 April
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NewsGreene King managed lfls down 1.8%
Greene King has this morning reported a 1.8% decline in like-for-like sales across its managed pubs division
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NewsAnalysts Corner: Devitt on Greene King
In advance of Greene King’s trading statement tomorrow (12 April), covering the 49 weeks to 8 April 2018, Brian Devitt, gaming and leisure analyst at Goodbody, predicts ‘another difficult trading statement’ reflecting the poor weather seen earlier this year.
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Analyst corner: Rollo on Greene King
Morgan Stanley leisure analyst Jamie Rollo has said he believes Greene King’s like-for-like sales underperformance will start to narrow in FY19.
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GK hits 10,000 apprentice milestone
Greene King has so far supported a record 10,000 of its team members through apprenticeship programme.
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OpinionOff the hook
Loch Fyne never delivered the returns Greene King hoped for when it paid £68m for the business. With the pub operator and brewer trying to off load the brand again, Mark Wingett ask if it is worth casting the net out for
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NewsGreene King places Loch Fyne on the market
Greene King is again set to test the market for Loch Fyne Seafood & Grill, after appointing advisers to oversee a sale of the brand
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GK announces gin concept for second joint venture
Greene King has announced the second joint venture in its Pub Partners tenanted and leased business, MCA has learnt.
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Ex-Greene King FD joins Byron
David Brown, a former finance director of Greene King, has joined Byron, the struggling better burger chain, as its interim chief financial director
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Ex-Greene King MD joins Bourne Leisure
Peter Blake, who earlier this year stepped down as managing director of Greene King’s Destination division, has joined Bourne Leisure
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Lynch swaps Greene King for Admiral
Kieran Lynch, formerly of Greene King and Spirit Pub Company, has joined Admiral Taverns as a regional operations director
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Danks to leave GK
Russell Danks, partnership director at Greene King, is to leave the brewer and pubco after just over two years, to start his own business.
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NewsGK restructures senior management team
Greene King is to restructure its senior management team this week, with new responsibilities for three key figures, MCA has learnt.