Food keeps Greene King moving forward
7th Sep 2010 07:08
Good sales of food through its managed outlets are keeping pub operator and brewer Greene King on track. After 18 weeks to 5 September, like-for-like sales at Greene King Retail were up by 4.4% and sales at Scottish arm Belhaven 3.3% ahead. Food sales at the managed businesses were especially st
Read moreUPDATE: Mitchells & Butlers Robust But Uncertain On Outlook
22nd Jul 2010 07:36
(adds detail) By Michael Carolan and Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. pub group Mitchells & Butlers PLC (MAB.LN) said Wednesday its financial position is robust but there continues to be uncertainty around discretionary expenditure in the U.K. The
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jul 2010 10:02
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0902 GMT [Dow Jones] Panmure Gordon upgrades Enterprise Inns (ETI.LN) to hold from sell. Notes the pub company reporting seas
Read moreMARKET TALK: Panmure Upgrades Enterprise Inns To Hold
16th Jul 2010 10:02
0902 GMT [Dow Jones] Panmure Gordon upgrades Enterprise Inns (ETI.LN) to hold from sell. Notes the pub company reporting season has started encouragingly, with upbeat comments on current trading from Greene King (GNK.LN), Punch Taverns (PUB.LN) and JD Wetherspoon (JDW.LN). Expects other operators to
Read moreMARKET TALK: Panmure Raises Greene King Target Price
15th Jul 2010 10:39
0939 GMT [Dow Jones] Panmure Gordon increases Greene King (GNK.LN) target price to 456p from 450p to reflect solid operational progress and the acceleration of the group's expansion strategy. As a result, Panmure increases its '11 EPS forecast to 46.63p from 44.58p and '12 to 49.29p from 45.62p. How
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
15th Jul 2010 10:39
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0939 GMT [Dow Jones] Panmure Gordon increases Greene King (GNK.LN) target price to 456p from 450p to reflect solid operationa
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
15th Jul 2010 10:39
0631 GMT [Dow Jones] Bunds are being supported by dovish minutes from the FOMC overnight, with the Fed trimming its growth forecast and members citing downside risks to inflation. Asian stocks are trading lower while European equities are also expected to open little changed. In the primary market,
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Jul 2010 15:41
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1441 GMT [Dow Jones] Citigroup raises Greene King (GNK.LN) price target to 560p from 510p following the company's results,
Read moreMARKET TALK: Citigroup Raises Greene King Price Target
2nd Jul 2010 15:41
1441 GMT [Dow Jones] Citigroup raises Greene King (GNK.LN) price target to 560p from 510p following the company's results, citing improving momentum. "Looking forward to FY'11 we expect Greene King to be back in growth, driven by robust LFL sales growth, good cost control and a new expansion strateg
Read moreFriday tips round-up: BT, Forth Ports, Wellstream
2nd Jul 2010 06:50
BT, the former state-owned telecoms monopoly, which has previously shown little aggression, attempted to nutmeg BSkyB by dramatically undercutting the price its rival charges consumers to watch Sky Sports. BT, which is trading on a price to earnings ratio of 7.6 and has a dividend yield of 5.7%, is
Read moreLondon close: Late slump near close
1st Jul 2010 16:34
Leading UK shares lurched downwards near the close as US markets opened poorly as concern grows over the health of Asia and the prospect of a double-dip recession. BP and satellite group Inmarsat were the only blue chips to make progress. BP shares have been on a roll ever since JPMorgan Cazenove i
Read moreUK SMALLCAP ROUNDUP: Wills & Co Declared In Default
1st Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps WILLS & CO STOCKBROKERS LTD, a small cap share dealer, has been declared to be in default by the Financial Services Compensation Scheme, four months afte
Read moreLondon afternoon: BP rises again
1st Jul 2010 14:37
Leading shares moved sideways over the lunch time session, with the Footsie staying in the red despite a surge by beleaguered oil giant BP. BP is close to emulating the 5% rise it achieved yesterday. The shares have been on a roll ever since JPMorgan Cazenove indulged in what it called "fantasy M&A
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
1st Jul 2010 12:49
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1149 GMT [Dow Jones] Greene King's (GNK.LN) FY results are solid and in-line, while its current trading is excellent, says Li
Read moreMARKET TALK: Greene King FY Solid - Liberum
1st Jul 2010 12:49
1149 GMT [Dow Jones] Greene King's (GNK.LN) FY results are solid and in-line, while its current trading is excellent, says Liberum Capital. It notes pretax profit of GBP123M versus the brokerage's estimate of GBP120.3M and EPS of 43.4p versus Liberum's 42.8p forecast. It says managed pub trading is
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