MARKET TALK: Greene King FY In Line; Concerns Remain

1st Jul 2010 08:33

0733 GMT [Dow Jones] Greene King's (GNK.LN) FY results are in line with expectations, says Shore Capital, suggesting a robust start to the year. Adds current trading appears stronger than feared, with like-for-like sales up 6.0% in the core Greene King managed estate over the last eight weeks. Still, has concerns over trading for the next 12 months, and retains its hold stance. Shares -0.9% at 389p, outperforming a sharply lower general market. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 01, 2010 03:33 ET (07:33 GMT)