MARKET TALK: Greene King FY Results 'Promising' - Trader

1st Jul 2010 07:42

0642 GMT [Dow Jones] Greene King's (GNK.LN) preliminary FY results are promising, with pretax profit in line with consensus expectations, says a trader. Says the company has had an encouraging start to the year, despite the cautious UK consumer. Says the pub group is well positioned to emerge from a weaker recessionary background and take advantage of future growth opportunities. Says it is looking strong versus peers. Expects the stock to start up by 5p. Shares closed Wednesday at 392p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 01, 2010 02:42 ET (06:42 GMT)