Canaccord Genuity bumps up Greene King target price
3rd Dec 2015 10:35
(ShareCast News) - Accounting adjustments and increased synergies will boost Greene King's profits in the medium-term, but not the company's cash-flows, Canaccord Genuity said. That followed the company's announcement that it would take a £325.6m provision to replace its "onerous" £50m lease provisi
Read moreFTSE 250 movers: Greene King's half year profit keeps market balanced
2nd Dec 2015 14:08
(ShareCast News) - The FTSE 250 was still in the green on Wednesday before the London Stock Exchange was due to announce which companies would be promoted and demoted from the FTSE 100 and 250. The market was up 17.18 points (0.1%) to 17,533.94 by mid-afternoon, but trending downwards. Greene King
Read moreGreene King surges as Spirit Pub integration boosts interim profit
2nd Dec 2015 07:15
(ShareCast News) - Pub operator Greene King posted a rise in first half pre-tax profit and revenue thanks in part to the integration of Spirit Pub Company. For the 24 weeks to 18 October, statutory pre-tax profit increased 17.9% to £84.9m as revenue surged 49.2% to £917.7m. Chief executive officer
Read moreWednesday preview: Eurozone inflation due, Greene King and Zoopla report
1st Dec 2015 15:19
(ShareCast News) - Eurozone inflation may have improved in November compared to a year ago, according to analysts' forecasts ahead of consumer price index data on Wednesday. The flash estimate of CPI for November is expected to show a 0.2% year-on-year increase, compared to 0.1% in October. Core inf
Read moreFTSE 250 movers: Production figures boost Premier Oil, Petra Diamonds rebounds
23rd Sep 2015 14:41
(ShareCast News) - The FTSE 250 started to climb back on Wednesday to 16,687.19 - up 157.21 points (0.95%) Premier Oil rose after it announced year-to-date production had averaged 57,100 barrels of oil equivalent per day, ahead of a full-year guidance of 55,000. Petra Diamonds continued to rebound
Read moreBroker tips: British American Tobacco, Greene King, Mitchells & Butlers, Glencore
23rd Sep 2015 14:37
(ShareCast News) - The medium-term outlook for British American Tobacco is "strong" but the firm is facing earnings downgrades from analysts related to movements in foreign exchange markets and price roll-backs in Australia, one large broker said to clients after the company's Investor Day. Nonethel
Read moreHSBC downgrades Greene King, Mitchells & Butlers
23rd Sep 2015 12:24
(ShareCast News) - HSBC cut its stance on Greene King and Mitchells & Butlers as it took a look at the UK pubs sector. The bank downgraded Greene King to 'reduce' from 'hold' and cut its price target to 780p from 830p saying it was concerned about like-for-like sales growth. "We assume 2%, which is
Read moreGreene King serves up tasty increase in like-for-like sales
8th Sep 2015 07:56
(ShareCast News) - Pub operator and brewer Greene King posted an increase in like-for-like sales in the first 18 weeks of its financial year, helped by solid growth across all of its divisions. In the 18 weeks to 6 September, like-for-like retail sales climbed 1.3% year-on-year, with growth in the f
Read moreGreene King's CFO and Sage Group's CEO buy stakes
26th Aug 2015 12:40
(ShareCast News) - Greene King's chief financial officer Kirk Davis has bought 4,000 shares in the pub operator at 821p per share. Davis, previously finance director at JD Wetherspoon, became CFO of the company in October 2014. Shares were down 1.4% at 812.50p at 1522 BST on Wednesday. Meanwhile,
Read moreBroker tips: Greene King, Hikma Pharmaceuticals
29th Jul 2015 18:33
(ShareCast News) - Goldman Sachs reinstated its 'buy' rating on Greene King with a 1,060p price target, saying it expects the company to deliver consistent earnings growth given its exposure to accelerating UK consumer discretionary spending, execution of synergies post its Spirit acquisition and in
Read moreGoldman Sachs reinstates Greene King at 'buy', sees consolidation driving margins
29th Jul 2015 14:48
(ShareCast News) - Goldman Sachs reinstated its 'buy' rating on Greene King with a 1,060p price target, saying it expects the company to deliver consistent earnings growth given its exposure to accelerating UK consumer discretionary spending, execution of synergies post its Spirit acquisition and in
Read moreFTSE 250 movers: Auto Trader Group surges on broker intitiation, energy stocks lower
3rd Jul 2015 13:35
Mid-caps edged lower on Friday, with weakness in the oil, mining and telecommunications sectors providing a drag on the market. As of 15:15 BST, the FTSE 250 was trading 0.4% lower at 17,595. Auto Trader Group led the risers as Exane BNP Paribas initiated coverage with an 'outperform' rating, citing
Read moreLondon close: Stocks rebound as investors digest Greek rumours
1st Jul 2015 16:19
UK stocks bounced strongly on Wednesday after hitting a new five-month low the previous day as investors continued to digest the latest news flow from Greece, after Athens became the first developed economy to default on a debt repayment to the IMF. The FTSE 100, which settled at its lowest since 12
Read moreFTSE 250 movers: Serco gains as profit beats expectations, Premier Oil slips on weak oil prices
1st Jul 2015 13:06
Mid-caps gained on Wednesday, championed by strong performances in the construction, telecommunications and property sectors. As of 15:00 BST, the FTSE 250 was trading 1.2% higher at 17,740. Outsourcer Serco topped the risers, after first-half profits came in better than expected, although manageme
Read moreLondon midday: Stocks surge on Greek deal hopes, but uncertainties remain
1st Jul 2015 12:07
Decent gains in the banking and travel sectors gave UK stocks a boost on Wednesday as sentiment was buoyed by hopes of a possible bailout deal in Greece. According to reports, Greek Prime Minister Alexis Tsipras will accept all his creditors' bailout conditions that were on the table last weekend, w
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