Thursday newspaper share tips: Marston's, Greene King, Monks
13th Oct 2016 14:41
(ShareCast News) - Investors' worries about the impact which inflation will have on Marston's and Greene King are overstated and the shares are cheap, The Times's Tempus said. They are well-positioned in the market, well-funded relative to their peers and their brewing operations are proving success
Read morePubs outdo restaurants again in August, Coffer Peach data shows
15th Sep 2016 09:27
(ShareCast News) - UK large pub and restaurant groups enjoyed better sales in August as Britain took advantage of better weather to eat and drink out. There was a 0.6% increase in like-for-like (LFL) sales at managed pubs, bars and restaurants, up from 0.3% last month, according to the monthly Track
Read moreGreene King to move Spirit pub employees away from zero-hour contracts
13th Sep 2016 12:50
(ShareCast News) - UK based pub retailer and brewer Greene King has announced that it is going to move workers from its acquired Spirit pubs off zero-hour contracts, according to a report by The Guardian. The company had already moved its staff away from zero-hour contracts before acquiring Spirit i
Read moreGreene King hails 'strong start' to year but warns over Brexit impact
9th Sep 2016 07:37
(ShareCast News) - Pub company Greene King said it has made a strong start to the year, with like-for-like sales growth of 1.7% in the 18 weeks to 4 September, but sounded a cautious note on the impact of the Brexit vote. Greene King attributed its strong start to the European Football Championships
Read moreGreene King FY profit up 52%, but warns on Brexit impact
29th Jun 2016 07:33
(ShareCast News) - Pub group Greene King reported a surge in full-year profit and revenue, partly thanks to its acquisition of Spirit Pub Company, but cautioned that Brexit was likely to hit consumer confidence in the near term. For the 52 weeks to 1 May, adjusted pre-tax profit rose 52.2% to £256.5
Read more'Casual dining' restaurants suffer but pubs bubble up, Coffer Peach finds
16th Jun 2016 08:10
(ShareCast News) - Trading at larger UK pubs and restaurant groups slowed even further in May, with like-for-like sales down 1.4% year-on-year as a hefty decline at casual dining chains outweighed a small improvement for pubs. These findings from the Coffer Peach Business Trackers were the bigge
Read morePubs suffer tough April as restaurants enjoy further growth
19th May 2016 07:51
(ShareCast News) - The restaurants and pubs sector endured a further decline in like-for-like sales in April, as wavering consumer confidence mixed with inclement weather. Like-for-like sales across managed pub and restaurant groups fell 0.8% against the same month last year, according to the Coffer
Read morePub and restaurant sales fall flat in February, Peach Tracker finds
17th Mar 2016 08:41
(ShareCast News) - Pub and restaurant sales were flat last month and the industry expects to endure a tougher year than last, according to a respected industry survey. The results of the monthly Peach Tracker, produced by CGA Peach in partnership with Coffer Group, RSM and UBS, found like-for-like s
Read moreLondon leisure spend lagging provinces, says Coffer Peach Tracker
17th Feb 2016 08:51
(ShareCast News) - Trading at the UK's largest restaurant food-led pub chains saw an encouraging uplift last month, despite London falling behind its provincial cousins and casual dining outperforming pubs and bars in 'dry January'. Like-like-sales for January for the 31 companies monitored in the C
Read moreGreene King's newest director buys in to company
12th Feb 2016 15:35
(ShareCast News) - Greene King's newest director has put his money behind the company he'll chair later this year. Philip Yea joined the board last Tuesday, ahead of the retirement of chairman Tim Bridge who is due to step down in May when Yea will take up the role. Yea bought his first stake in th
Read moreWednesday broker round-up
10th Feb 2016 16:22
(ShareCast News) - Virgin Money: Nomura starts coverage at buy with a target of 445p. Domino's Pizza: Credit Suisse upgrades to outperform with a target price of 1100p. BBA Aviation: Goldman Sachs downgrades to neutral with 181p target. Greencore: Societe Generale reiterates hold with a 386p targe
Read moreGreene King's third quarter sales boosted by festive season
10th Feb 2016 07:52
(ShareCast News) - Greene King has posted a strong third quarter book, boosted by strong Christmas sales. The FTSE 250 pub operator and brewer said on Wednesday that for the 40 weeks to 7 February 2016, Greene King Retail like-for-like sales were up 2.2%, with a 5% increase in sales over the two Chr
Read moreBridge steps down after 45 years with Greene King
2nd Feb 2016 08:12
(ShareCast News) - Greene King was losing its leading man on Tuesday, with the announcement that - after 45 years at the company, and 10 at the helm - Tim Bridge was stepping down as chairman. The FTSE 250 pub and brewing firm's board said Philip Yea would join the board on Tuesday as a non-executiv
Read moreGreene King chief joins Morrisons board
14th Dec 2015 07:34
(ShareCast News) - Wm Morrison Supermarkets has announced Rooney Anand will join its board as a non-executive director and as senior independent director on 1 January 2016. The FTSE 100 company said Anand, who is currently chief executive of Greene King, is a "highly experienced retail and fmcg (fas
Read moreBroker tips: Debenhams, Greene King, Glencore
3rd Dec 2015 12:11
(ShareCast News) - Debenhams shares were under pressure on Thursday after Goldman Sachs downgraded the stock to 'sell' from 'neutral', pointing to slowing space growth. "As one of the UK general retailers wrestling with the online channel shift dynamic, and in recent times suffering from store-based
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