Christmas cheers up Greene King after gloomy sales year January 19, 2015 Suffolk-based pub chain and brewer Greene King revealed yesterday it saw restrained like-for-like sales growth of 0.6 per cent in first the 36 weeks of its year, despite a two per cent sales boost over the Christmas period. The company underperformed in Scotland over the six-week festive period due to a combination of the country’s [...]
Greene King and Spirit Pubs in £773m takeover November 4, 2014 BRITISH pub retailer and brewing giant Greene King finally reached agreement yesterday over the long-mooted takeover bid of compatriot brewer Spirit Pubs. Greene King’s offer – worth £773.6m, at 115p a share – has been accepted by Spirit Pubs’ senior management. The arrangement will see Greene King shareholders take 71.1 per cent in the newly [...]
Greene King share price falls after £774m Spirit takeover agreed November 4, 2014 Greene King and Spirit Pubs have finally reached a takeover agreement after negotiations between the two groups went down to the wire. A £773.6m offer from Greene King, valuing Spirit at around 115p per share, has been accepted. Shareholders in Suffolk-based Green King will take a 71.1 per cent stake in the combined company, with [...]
Greene King ups bid for Spirit Pubs to 109.5 pence per share October 20, 2014 Brewing giant Greene King has upped its bid for pub chain Spirit Pubs after its previous offer was rebuffed. The maker of ales such Old Speckled Hen and Abbot Ale is offering 109.5 pence per share for its 750 managed and 450 leased pubs, comprising 0.1322 Greene King shares and a cash payment of eight [...]
Spirit pubs knocks back Greene King September 23, 2014 PUB AND brewing giant Greene King confirmed it has made a £700m takeover offer for the 1,200 pub chain Spirit Pubs. While Spirit Pubs confirmed the 100p per share bid, it said it had rejected as “it undervalued Spirit and its attractive prospects”.
Greene King sees a slow start to the year as World Cup hits sales September 10, 2014 British pub and breweries group Greene King announced yesterday that it expected sales in its core managed division to improve over the remainder of the year, after a disappointing 0.4 per cent growth in the first quarter due to the impact of England’s disappointing World Cup performance. The group also said that despite the UK’s [...]
Pub giant Greene King lifts a glass to record profits July 3, 2014 Pub and brewing giant Greene King yesterday reported record annual sales and profit. The company said its revenues were up 6.9 per cent to £1.3bn and its pre-tax profit was up 7.4 per cent to £158.2m. The group added 48 new sites during the year as part of a five-year plan to increase its estate [...]
Sales soar over festive season at Greene King January 13, 2014 BREWER and pub group Greene King yesterday reported a 3.8 per cent jump in its like-for-like sales during the first 36 weeks of its financial year, boosted by bumper food sales on Christmas Day. The results were helped by the two trading weeks covering Christmas and the New Year, during which Greene King reported sales [...]