Tueday broker round-up
11th Sep 2018 12:51
(Sharecast News) - JD Wetherspoons: Berenberg upgrades to buy with a target price of 1,450p.
Read moreJP Morgan applauds Greene King for 'undoubtedly' good start to the year
10th Sep 2018 11:27
(Sharecast News) - Analysts at JP Morgan said that nature had given Greene King a somewhat unexpected boost throughout the first 18 weeks of its fiscal year 2019 as the UK's long, hot summer drove the pubco's like-for-like sales ahead 2.8% year-on-year.
Read moreGreene King is 'significantly undervalued', say analysts
7th Sep 2018 10:17
(Sharecast News) - Friday was a good day for Greene King as its first quarter results impressed analysts sufficiently to lead to upgrades from Peel Hunt and Canaccord.
Read moreSummer heat, World Cup add cheer to Greene King sales
7th Sep 2018 07:30
(Sharecast News) - The hot summer spell and football World Cup boosted sales at Greene King in the first 18 weeks of the year as Brits inhaled 3.7m pints of beer during England's seven matches.
Read morePubs sector 'in a precarious state' - Citi
3rd Sep 2018 12:39
(Sharecast News) - Many pub companies are in a "precarious state", Citi warned on Monday, as they have too much leverage and little surplus cash flow to bail themselves out as the increasingly indebted UK heads for a potential disorderly Brexit.
Read moreSpending on eating out remains resilient as inflation crunch looms
16th Feb 2017 10:33
(ShareCast News) - In the normally quiet month for the pubs and restaurant sector, sales data for January was positive overall and showed casual dining chains enjoying a continued recovery. Industry like-for-like sales grew 1.9% in January 2017 compared to 2016, according to the Coffer Peach Busi
Read moreFTSE 250 movers: Elementis gains, Just Eat tanks
10th Feb 2017 16:40
(ShareCast News) - The FTSE 250 closed up 0.47% to 18,715.36 points. Elementis was a top riser as it entered into an agreement to acquire specialty chemicals platform SummitReheis from an affiliate of One Rock Capital Partners for an enterprise value of $360m. SummitReheis - which is expected to re
Read moreFriday broker round-up
10th Feb 2017 10:35
(ShareCast News) - British American Tobacco: Berenberg upgrades to Buy with a target price of 5670p. Smith & Nephew: Jefferies reiterates Buy with a target price of 1350p. BT Group: UBS maintains Neutral with a target price of 325p. Ashmore Group: UBS maintains Buy with a target price of 390p. Da
Read moreGreene King's shares fall as Canaccord cuts target price, lowers guidance
10th Feb 2017 09:21
(ShareCast News) - Greene King's shares fell on Friday as Canaccord Genuity reiterated a 'buy' rating but cut the target price to 850p from 900p and lowered its earnings guidance. The pub operator reported strong trading over the Christmas period on Friday as it sounded a confident note on its outlo
Read moreLondon pre-open: Stocks set to track advance on Wall Street
10th Feb 2017 07:47
(ShareCast News) - Shares were expected to start the session higher, tracking a record close overnight on Wall Street and on the heels of better than expected Chinese trade data. As of 0721 GMT the Footsie was being called to start the day higher by 23 points to 7,252. In parallel, the Shanghai Sto
Read moreGreene King reports strong Christmas trading
10th Feb 2017 07:16
(ShareCast News) - Pub group Greene King reported strong trading over the Christmas period on Friday as it sounded a confident note on its outlook. In the 40 weeks to 5 February, like-for-like sales grew 1.1%. Excluding Fayre & Square, LFL sales were up 1.6% over the period. Over the last 16 weeks,
Read moreFriday preview: Greene King to report strong third quarter trading update
9th Feb 2017 13:00
(ShareCast News) - Pub operator Greene King is expected to report a robust third quarter trading update on Friday during a strong performance across the rest of the sector. Numis anticipates the company will report a small recovery in Christmas trading, in line with the sector, but believes the pres
Read moreRestaurants and pubs enjoy strong festive trading, Coffer Peach finds
19th Jan 2017 06:45
(ShareCast News) - UK pubs and restaurants enjoyed an equal uplift in trading over the Christmas and New Year period, as a bumper six weeks for London drove a second consecutive month's improvement. Data on the largest managed pub and restaurant groups over the six weeks to January 8 found a collect
Read morePubs and restaurants bounce led by London, Coffer Peach survey finds
15th Dec 2016 09:48
(ShareCast News) - London led a rebound for the eating and drinking out sector in November, with good growth in pub sales and a return to annual growth for restaurants, but it was a case of glass-half-full outside the capital. The Coffer Peach Business Tracker found November like-for-likes sales gre
Read moreGreene King's consumer and cost worries overshadow pub profits
30th Nov 2016 08:23
(ShareCast News) - First half profits at Greene King bubbled higher thanks to tasty organic growth and the first seven weeks from the acquired Spirit pubs business, but the brewer served up a side order of caution about rising consumer and cost pressures. As well as noting the "demand challenges" of
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