All Greene King articles – Page 7
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NewsPhil Urban: ‘Greene King deal vindication of why shareholders invested in us’
Mitchells & Butlers (M&B) will inevitably be touted as a potential target for M&A, but chief executive Phil Urban doesn’t see a takeover happening, he has told MCA.
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NewsGreene King acquisition completes
CK Bidco has completed its acquisition of Greene King, with the pub operator and brewer’s share listing now cancelled on the London Stock Exchange.
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OpinionProperty, partnerships, people
The surprise £2.7bn bid for Greene King from Hong Kong-based property developer CK Asset Holdings certainly woke up August – not least because it immediately set off excited speculation about who might be next.
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Analysis & Insight‘TRG now has a future’
The legacy of Andy McCue’s truncated time as chief executive of The Restaurant Group is, as well all know, the £559m acquisition of Wagamama. When the deal squeaked through last year, there was widespread scepticism over the longevity of its stellar like-for-like sales growth.
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OpinionHargreaves Lansdown on Greene King
Greene King’s shares were unmoved by the news that like-for-like sales in its Pub Company arm were down by 1.85% for the 18 weeks to 1 September, said analysts from Hargreaves Lansdown in their latest note on the brewer and pub operator.
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NewsGreene King lfls fall across Pub Company in Q1
Greene King’s Pub Company arm has seen like-for-like sales (lfls) fall by 1.8% for the first 18 weeks of the new financial year, to 1 September, however the past seven weeks saw a 1.5% uplift.
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Analysis & InsightGrowth potential for Greene King pub brands
In light of the recent bid for Greene King by CK Asset Holdings, MCA market insight director Steve Gotham assesses what MCA’s Eating Out Panel data has to say about the performance of its four core brands.
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OpinionAnalysts’ verdict: Berenberg on Greene King
Analysts at Berenberg have said they expect the acquisition of Greene King by CK Asset Holdings to be approved by shareholders and as a result has upgraded its rating to ‘hold’ and increased its price target to the offer price.
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NewsUnite seeks assurances over Greene King deal
Union Unite has said it is seeking assurances over job protection following the proposed multi-billion-pound bid for Greene King by CK Asset Holdings.
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Analysis & InsightGreene King: A bid out of the blue
The dust had barely settled in the pub sector following the news that Stonegate had reached an agreement to buy Ei Group for £1.27bn, when another bombshell hit in the form of an outside investor looking to snap up Greene King.
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OpinionAnalysts’ verdict: Greene King
Following the news that Greene King could be acquired by Hong Kong-based property developer CK Asset Holdings yesterday, analysts from JP Morgan, Morgan Stanley, and Goodbody give their views on the deal and what it represents for the sector.
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NewsBid for Greene King valued at c.£4.6bn
Greene King has received an offer to acquire the business from CK Bidco – a newly incorporated wholly-owned indirect subsidiary of Hong Kong-based property developer CK Asset Holdings (CKA), in a deal valued at c.£4.6bn.
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News
Loch Fyne’s Horan takes on new role at Greene King
Greene King has appointed Michael Horan as the new business unit director of its 70-strong gastro-pub business Metropolitan Pub Company.
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NewsGreene King defends beer tie model
Pubcos should celebrate the leased and tenanted model, with a change in narrative needed in “unfair” characterisation, Greene King’s Wayne Shurvinton tenanted told MCA’s Pub Conference.
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NewsSSP appoints Greene King's Richard Lewis as new CEO UK & Ireland
Greene King’s Richard Lewis has been appointed CEO of SSP UK and Ireland, effective from 1 September.
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OpinionAnalysts corner: Greene King
Following the brewer and pub operator’s full year results announcement yesterday, leading analysts from Liberum, Peel Hunt and Hargreaves Lansdown give their views on what the results mean.
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NewsGreene King trialling delivery and order and pay app
Greene King has been trialling delivery of certain dishes at some of its pubs as it looks to ascertain what the right customer offer should be, MCA has learnt.
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NewsGreene King achieves 2.9% lfl increase for Pub Company
Greene King has achieved like-for-like (lfl) growth in its Pub Company arm of 2.9%, trading ahead of the market, according to its full-year results to 28 April 2019.
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NewsAnalysts corner: Berenberg on Greene King
In advance of Greene King’s new CEO Nick Mackenzie unveiling the company’s full-year results for 2019, the analyst shares its thoughts on the pub operator and brewer’s position in the market.
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NewsGreene King and Pret among operators working with increasing number of offenders
Greene King and Pret A Manger are hundreds of businesses that could see more opportunities open up to employ offenders, as part of efforts to rehabilitate them pre-release.