All Greene King articles – Page 19
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NewsGreene King and Spirit agree £773.6m deal
The boards of Greene King and Spirit have announced that they have reached agreement on the terms of a recommended offer, which will see the former acquire the latter in a £773.6m deal and create a 3,127-strong pub company
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NewsAnalyst corner: GK gets another five days
Mark Brumby at Langton Capital looks at the current state of play in the approaches for Spirit and the extension of the put-up-or-shut-up deadline to 5pm 4 November
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Spirit appoints Skelton to head up Chef & Brewer
Spirit Pub Company has told M&C Report that Kenny Skelton, currently its head of digital and insight, will also take on the responsibility for overseeing its Chef & Brewer brand.
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NewsGreene King gets Spirit bid extension
Spirit Pub Company has announced that it remains in talks with Greene King regarding the terms of a possible offer for the company, but has agreed an extension for these discussions to continue to 4 November.
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NewsAnalyst corner: Mark Brumby on the Spirit bid situation
Mark Brumby of Langton Capital looks at the bid situation surrounding Spirit Pub Company and says that a deal with Greene King now looks likely
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NewsGreene King takes on Gambling Commission over bingo in pubs
Greene King has launched its legal challenge of the Gambling Commission’s objection to bingo in pubs.
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NewsSpirit set to recommend revised Greene King offer
Spirit Pub Company has announced that it is willing to recommend a revised takeover offer from Greene King of approximately 109.5p, which values the company at £723.5m
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NewsGreene King launches Metropolitan brewing brand
Greene King has launched a range of beers under a new Metropolitan Brewing Company brand
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Analyst corner: Nick Batram on Spirit
Under the heading “Greene with envy” Nick Batram at Peel Hunt looks at the upcoming full-year update from Spirit
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NewsSpirit shares climb on higher bid speculation
Shares in Spirit climbed 6.1% to 90.75p amid speculation that Greene King will soon return with a firm offer for the business
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Analysis & InsightM&A market back with a boom
Two potential deals are keeping City gossip hot at the moment, but they are very different types of bid. One company is categorically saying no to an offer while silence rules the other tender, Dominic Walsh tells all
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NewsGreene King 'can justify expected price for Spirit'
Greene King is likely to have to offer between 110p and 120p per share for Spirit Pub Company, an amount that can be justified from a multiple of earnings perspective, according to leading analyst Nick Batram
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NewsJDW’s Davis to become Greene King CFO
Kirk Davis, the current finance director at JD Wetherspoon, is to join rival Greene King from the start of next year as its new chief financial officer.
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NewsAnalyst corner: Rollo on Spirit/Greene King
Jamie Rollo at Morgan Stanley looks at Greene King’s offer for Spirit, and says that integration could drive material synergies of around £50m
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Analysis & InsightUK leisure spend grows 2% year-on-year
The average British household spent 2% (£5) more on leisure in August than in the same month last year, driven by growth in eating out (+11% to £98.09) and mitigated by a 2% fall in drinking out spend (to £50.35)
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OpinionDeal of the decade?
What lies behind Greene King’s approach for Spirit Pub Company, what complications does it bring and what does it tell us about the current state of the pub market? John Harrington speaks to the experts
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Spirit: Greene King offer 'undervalued' the company
Spirit Pub Company has said Greene King’s 100p-per-share offer for the firm “undervalued” the group, with Spirit’s board saying it “remains fully confident in the ongoing execution of Spirit’s strategy as an independent company”
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NewsGreene King confirms approach for Spirit
Greene King has confirmed that it has approached the board of Spirit Pub Company about a potential “combination” of the two groups
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NewsAnalyst corner - Sahill Shan on Greene King
Sahill Shan of N1 Singer upgrades Greene King from Sell to Hold, saying he does not believe that its “disappointing” AGM update this week is a “fundamental setback” for the brewer and pub operator
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Jack moves Greene King from Buy to Add
Leading analyst Douglas Jack has downgraded his recommendation for Greene King from Buy to Add and cut forecasts by 3% as the brewer reduces its reliance on tenanted pubs in what Jack called a year of “limited growth”