Greene King ended the day 74.5p higher at 826.5p after Merrill Lynch upgraded the pub company to “buy”.
The broker pointed out that the cashflow yield was 12% and the pub assets were worth the company’s current market value of £1.25bn.
It believes the company is vulnerable to a private equity bid.
The shares closed up 99.5p on the week.
Financial Times 06/06/06 page 34 (FT Markets Week - London
The Times 06/06/06 page 51 (The week’s biggest movers), page 59 (Small Caps)
The Daily Telegraph 06/06/06 page 35 (City Trader)