All Greene King articles – Page 11
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NewsGK managed lfls up 2.7% in H1
Greene King has reported like-for-like (lfl) sales up 2.7% in its managed Pub Company arm over the 24 weeks to 14 October and said lfl net income in its tenanted and leased Pub Partners estate had also risen.
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OpinionThe end of an era
Yesterday’s announcement that Greene King chief executive, Rooney Anand, would be stepping down from his role in April marks the end of a remarkable 14-year tenure for the first non-family member to run the company in its 220-year history. James Wallin assesses Anand’s legacy and asks where the company goes next.
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NewsAnand to step down from Greene King
Greene King chief executive Rooney Anand is to step down from his role leading the pub group at the end of the current financial year, ending 30 April 2019.
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NewsGK receives Royal recognition for training
Greene King has been commended for its commitment to upskilling its workforce at the 2018 Princess Royal Training Awards.
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NewsAnalysts corner: Greene King
We round-up the views of analysts at Hargreaves Lansdown, JP Morgan, Goodbody, and Citi – with more than one believing the company’s shares are undervalued.
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NewsGK managed lfls up 2.8% in Q1
Greene King has reported like-for-like sales (lfls) in its managed Pub Company estate up 2.8% for the first 18 weeks of the year, to 2 September.
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NewsGreene King launches compostable straw across estate
Greene King is to introduce compostable PLA straws across it estate of 1,750 pubs as part of its pledge to send zero waste to landfill by 2020.
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NewsGK sees 141% surge in apprenticeship applications
Greene King has seen a 141% surge in applications for its apprenticeship programme since its 2016 pledge to take on 10,000 apprentices.
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NewsGK appoints first central operations director
Greene King has appointed Collette Fellows to the newly created role of central operations director, MCA understands
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OpinionAnalysts corner – Citi on Greene King
Analysts at Citi have given their view Greene King, saying it believes the concerns around the share price are overdone.
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NewsAnalysts Corner: Berenberg on Greene King
Analysts at Berenberg give their verdict on Greene King
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NewsAnalysts corner: Peel Hunt on Greene King
Leading analysts, Douglas Jack and Ivor Jones, have given their view on the current prospects for investment in Greene King, saying the company remains unloved, but not broken.
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NewsGK announces 100 jobs at risk in HQ restructure
Greene King has announced that up to 100 office jobs are at risk across its Bury St Edmunds and Burton-upon-Trent sites as part of a proposed restructure.
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NewsAnalysts corner: JP Morgan on Greene King
JP Morgan says it believes that there was a greater need for improvement in the quality of Greene King’s Spirit estate than perhaps was realised at the time of its acquisition, and that it has weighed down on the combined group’s performance
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NewsSlower food sales hit GK FY managed lfls
Greene King saw like-for-like sales in its managed Pub Company arm fall 1.7% in the year to 29 April – with the figure at -1.2% excluding the impact of snow.
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NewsAnalysts corner: Goodbody on Greene King
Goodbody is sticking to its cautious view of Greene King overall, says analyst Paul Ruddy, despite the likely boost to sales during the World Cup
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NewsAnalysts corner: Peel Hunt on Greene King
Peel Hunt analysts Douglas Jack and Ivor Jones have given their predictions for Greene King’s preliminary results next week. They expect to see managed pub trading returning to positive trading and signs that its wet-led pubs are receiving a boost from the weather and World Cup.
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NewsGreene King appoints PwC on Loch Fyne
Greene King has appointed advisors at PwC to oversee the sale of bulk of its Loch Fyne restaurant business
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News
Steward replaces Hebblethwaite at GK
Greene King has appointed Belinda Steward as a new business unit director, responsible for Old English Inns, Eating Inn and its fledgling Goodwins model, MCA understands.
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NewsAnalysts corner: Greene King
Analysts at Hargreaves Lansdown have given their view on the trading update from Greene King yesterday, saying the group’s track record deserves recognition and that brand consolidation offers cause for optimism, However, they warn the company faces undeniable headwinds.