Greene King

Ticker GNK

Today's data summary

Market closed
% change
+0.13%
Price Pence
602.40
Change
+0.80
As of 19:12 19 Jan 2019
Market cap. Pound sterling
1,867.44 million
As of 19:12 19 Jan 2019

Latest updates

Christmas sales bubble up 10.9% at Greene King

Greene King beer
Greene King

Greene King has also reported "strong trading" over the Christmas period.

The pub company said Christmas and New Year sales soared 10.9% and it achieved record Christmas Day sales of £7.7m.

In the last 36 weeks, sales at its 2,798 pubs have climbed 3.2%, the company said.

It said it remains on course to dispose of 100-110 pubs and open around nine new pubs in the current financial year.

Greene King boss resigns

Pint of beer
Getty Images

Greene King boss Rooney Anand is to leave his role at the end of the financial year in April.

He has been chief executive since 2005 and said: "The time is now right for me to hand over the baton."

The brewer said an announcement concerning succession is expected to be made early in the new calendar year.

Greene King investors toast World Cup boost

Greene King advert
Greene King

International Consolidated Airlines, which owns BA, is leading the FTSE 100 fallers - down 3.4% to 657.2p - following a data breach of customer credit card details.

Support services business DCC is the morning's top riser so far, up 2.45% at £68.97.

Gains are meagre on the wider FTSE 100, however, with the blue chip index up 4.21 points at 7,323.17.

Shares in pub and brewing group Greene King soared by 12.7% to 536.1p on the FTSE 250 after it reported strong like-for-like sales following the World Cup.

The FTSE 250 is down 17.71 points at 20,265.78.

'Youngest' master brewer Ross O'Hara gives his top tips
Ross O'Hara has qualified as the youngest master brewer at the age of just 28.

Greene King sales impacted by Beast from the East

Greene King
Greene King

Greene King has posted a 1.8% drop in like-for-like sales for the 49 weeks to 8 April.

The brewer and pub operator said trading was impacted by the bad weather, particularly in its gastro pubs, but drink and hotel accommodation sales rose compared with the same period in the previous year.

Greene King invested £10m back into its business in the second half of the year and opened nine new pubs.

However, it said it was still on track to deliver savings of £40-£45m, and that it expected full year profit before tax and exceptionals to be in the range of £240-245m.