CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Greene King share price: what to expect from its full-year results

The UK’s largest pub retailer and brewer will unveil its full-year results next week, with investors expecting the FTSE 250-company to wrap up the financial year on a high.

When is Greene King’s results date?

Greene King will release its full-year results on June 27.

Greene King’s results preview: what does the City expect?

Greene King has had a strong year in relation to its peers, with sales for the 52 weeks to April 28 climbing 2.9%, reflecting the success of its growth strategy over the last 12 months which have focused on driving value, service and quality for its customers.

Its strong performance has investors expecting a good end to the financial year when the pub retailer and brewer unveils its results next Thursday, with equity analysts from Peel Hunt reissuing its ‘buy’ rating for the stock.

HSBC has increased its target price for Greene King’s stock from £5.60 to £6.55 a share ahead of its full-year results, with the company’s share price currently trading at £6.05 levels as of 14:30 GMT on Wednesday.

Meanwhile, Liberum Capital was the most optimistic about Greene King’s share price, with the investment bank upping its target price for the stock from £6.90 to £7.90 a share.

‘We have traded strongly this year and have returned to market outperformance,’ former Greene King CEO Rooney Anand said before handing over the reins to Nick Mackenzie.

‘I believe that, with our strong pub and beer brands, talented and dedicated team and high-quality estate, Greene King is well positioned to make further progress and continue outperforming the market,’ he added.

Greene King creates refinancig headroom

During the second half of the financial year, Greene King made significant progress with its debt refinancing plan.

By the end of the financial year, Greene King plans to have repaid £393 million, or 51% of the Spirit debenture, while also repaying its securitisation for £250 million at 3.6%, creating headroom within our revolving credit facility for future bond repayments from the debenture, the company said.

‘We expect to limit net cost inflation this year to between £10-20m and for full year profit before tax, no underlying and exceptional items to be between £244m and £247m.

‘We are broadly on track to deliver our disposals programme and new builds/single site acquisitions for the year.’

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Be ready to act on ECB opportunities

Learn how the ECB’s monetary policy announcements affect interest rates and price stability ahead of its next meeting in 22 April 2021.

  • How might the next meeting affect the markets?
  • What are the key rate decisions to watch?
  • Why is the Governing Council announcement important for traders?

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.