MARKET TALK: Goldman Sachs Downgrades Marston's To Sell
23rd Jun 2010 08:07
0707 GMT [Dow Jones] Goldman Sachs downgrades Marston's to sell from neutral, adding the name to its pan-European conviction sell list. Goldman says on earnings multiples, Marston's stock is trading at a premium to the sector, to its closest peer Greene King (GNK.LN) and to its own ten-year history.
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
23rd Jun 2010 08:07
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0707 GMT [Dow Jones] Goldman Sachs downgrades Marston's to sell from neutral, adding the name to its pan-European convicti
Read moreUPDATE: UK Pub And Tobacco Sectors Welcome Budget Duty Freeze
22nd Jun 2010 14:07
(Adds detail) LONDON (Dow Jones)--The U.K. government's decision to freeze alcohol and tobacco duty was welcomed by the tobacco and pub sectors Tuesday, while a rise in sales tax to 20% was described as "understandable" given the nation's finances. "We welcome the coalition government's dec
Read moreUK Pub And Tobacco Sectors Welcome Budget Duty Freeze
22nd Jun 2010 13:59
LONDON (Dow Jones)--The U.K. government's decision to freeze alcohol and tobacco duty was welcomed by the tobacco and pub sectors Tuesday, while a rise in sales tax to 20% was described as "understandable" given the nation's finances. "We welcome the coalition government's decision not to increa
Read moreLondon afternoon: US retail sales data spooks equities
11th Jun 2010 14:40
Footsie's morning gains evaporated over the lunchtime session after much worse than expected US sales figures were released. US retail sales had been expecting to rise 0.3% in May after climbing 0.4% in April but instead of rising they took a step back for the first time since September, falling 1
Read moreLondon midday: BP bounces back
11th Jun 2010 12:27
Though miners and banks are in the doldrums the market is making headway and, unusually, the advance is being led by BP. The oil giant yesterday reported the amount of oil it is capturing from the Gulf of Mexico leak has risen to 15,800 barrels per day, but as fast as it is improving the rate at w
Read moreLondon open: BP revival lifts Footsie
11th Jun 2010 08:58
A revival by BP has started Footsie off on the front foot this morning after a surge by oil stocks on Wall Street overnight. BP is the best performer. The company yesterday reported the amount of oil is capturing from the Gulf of Mexico leak has risen to 15,800 barrels per day, though an upward rev
Read moreMARKET TALK: Greene King Has A Good Record With Acquisitions
11th Jun 2010 08:14
0714 GMT [Dow Jones] Greene King (GNK.LN) agrees to buy four pub restaurants from Punch Taverns (PUB.LN) for GBP5.3M. Seymour Pierce says Greene King has a history of buying quite dear, but making the acquisitions work at the level of trading improvement and these latest acquisitions seem to fit tha
Read moreLondon pre-open: Orders lined up for opening time
11th Jun 2010 07:37
There is a bit of a beer theme ahead of opening time for London markets, with cask ale brewers Greene King and Fuller's both making a splash. Pub group and brewer Fuller's posted record profits last year as its managed pubs and hotels pushed forward with its brewing business also going well. Profi
Read moreGreene King buys more pubs from Punch
11th Jun 2010 07:16
Bury St. Edmund's based brewer and pubs group Greene King has bought four freehold pub restaurants from cash constrained competitor Punch Taverns. Greene King is paying £5.3m for the pubs which are located in "highly attractive, food-led, destination sites in Aberdeen, Northampton and Nottingham."
Read moreGreene King To Buy 4 Pubs From Punch Taverns For GBP5.3M
11th Jun 2010 07:07
LONDON (Dow Jones)--Greene King PLC (GNK.LN) Friday announces an agreement to buy four pub restaurants from Punch Taverns PLC (PUB.LN) for GBP5.3 million. MAIN FACTS: -The consideration will be financed from the funds raised by the Company's rights issue -Expected to complete on July 8.
Read moreGreene King Plc Acquisition Of Four Pub Restaurants
11th Jun 2010 07:00
TIDMGNK RNS Number : 4445N Greene King PLC 11 June 2010 PRESS RELEASE +-----------------------+------------------------+ | | 11 June 2010 | +-----------------------+------------------------+ GREENE KING plc ACQU
Read moreQueens Speech contains few surprises
25th May 2010 15:24
The coalition government's legislative programme was outlined in the Queen's Speech in the House of Lords on Tuesday, and there was good news for disgruntled Equitable Life policy holders. The government intends to introduce The Equitable Life Bill, which will seek to ensure that "fair and transpar
Read moreLondon close: S&P puts spanner in the works
28th Apr 2010 17:09
For the second day in a row the debt ratings agency Standard & Poor's has sent markets into a late swoon, this time with a downgrade on Spanish sovereign debt. Standard & Poor's (S&P) cut its long-term sovereign credit rating on Spain, saying the country is likely to see an extended period of subd
Read moreLondon afternoon: Footsie in positive territory
28th Apr 2010 14:40
The FTSE 100 is now in positive territory as heavily weighted index constituents such as Shell, BP, HSBC and Glaxo make headway, but the FTSE 250 index remains in the red. Higher oil prices helped Royal Dutch Shell post a sharp rise in earnings in the first quarter of 2010. Profit jumped to $4.9bn
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