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Topic: Greene King


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In the News (Tue 8 Dec 09)

  
  Greene King
Greene King is to acquire Belhaven, the East Lothian-based brewery and chain of 270 pubs, for £254m.
Greene King is to invest £50m in the refurbishment of its chain of 1,760 pubs, in order to open beer gardens, increase the floor space and improve the kitchens.
Greene King is acquiring Beards of Sussex, the chain of 43 pubs, for £12m.
www.ukbusinesspark.co.uk /grg12871.htm   (554 words)

  
 Guardian | Greene King snaps up Laurel pubs
Greene King, which is based in Bury St Edmunds, Suffolk, said the Laurel Neighbourhood managed community pubs would benefit all its business divisions and increase its number of pubs to more than 2,100.
Greene King is understood to have fended off interest from rival pub groups Wolverhampton & Dudley Breweries and Punch Taverns to clinch the deal, and said it expected the acquisition to produce annual savings of £6m in the first full year of ownership.
Greene King, which made pre-tax profits of £82.6m in the year to May 2, last week said the first eight weeks of the new financial year had gone well, with profits in all three of its trading divisions - tenanted and managed pubs and the brewery - ahead of last year.
www.guardian.co.uk /print/0,3858,4967303-103676,00.html   (392 words)

  
 Greene King joy at record profits
Greene King, which brews Old Speckled Hen and Abbot Ale, said profits of £94m for the year to May 1 were 14 per cent higher than 12 months earlier, and benefited from the £654m purchase of 432 neighbourhood pubs from Laurel.
Greene King said it was "very comfortable" with this level of borrowings after it completed a refinancing in March, raising £600m through a bond issue.
Greene King said a three per cent hike in volumes of its own-brewed beer was achieved in a cask ale market that declined by two per cent.
www.manchesteronline.co.uk /men/business/s/165/165042_greene_king_joy_at_record_profits.html   (466 words)

  
 BBC NEWS | Business | Greene King expands pub empire
They will boost Greene King's portfolio by 25% to more than 2,100 outlets, with a third of the Laurel pubs situated in the south east of England, it said.
Greene King said the 432 pubs - Laurel's Neighbourhood Business - complemented its existing business model and were "an excellent geographical fit".
Greene King has funded the deal through a new £1.2bn banking facility negotiated with Lloyds TSB.
news.bbc.co.uk /1/low/business/3879175.stm   (392 words)

  
 Greene King triumphs in Morland bid battle
Greene King, the Abbot Ale producer, is paying around £145m for the Thames Valley group in cash and shares, valuing Morland at 445p a share, an increase of 15p on the price indicated when the two sides announced they were in merger talks a month ago.
Greene King refused to be drawn yesterday on management casualties, but Mike Watts, Morland's chief executive, is expected to go with compensation of more than £320,000 and share incentives with a pre-tax value of more than £500,000.
Greene King does not expect regulatory opposition or pressure for pub divestment from a takeover that will add 408 to its total of 1,260 pubs and go further to achieve its ambition of becoming the biggest pub retailer and brewer in the south.
www.telegraph.co.uk /htmlContent.jhtml?html=/archive/1999/06/23/cnmor23.html   (402 words)

  
 Albany & Touchstone Serve Greene King the Perfec IT Solution   (Site not responding. Last check: 2007-10-13)
Greene King was satisfied with the recommendation and work began on an EDI implementation that took around six months from start to finish.
Greene King has also acquired a number of other organisations during this timeframe, but the Albany solutions implemented by Touchstone have ensured that any new business operations were assimilated with no corresponding increase of overheads - in fact the clerical overheads associated with the finance department have reduced.
Marc Lombardo explains that when Greene King has bought other companies, consolidating processes with the help of these highly efficient systems has enabled the anticipated benefits of the acquisitions to be realised sooner rather than later.
www.albany.co.uk /case_studies/greene_king.htm   (1675 words)

  
 Greene King Brewery Homepage
Greene King's flagship brand is Abbot Ale, described by top beer writer Michael Jackson as "one of the true characters of the beer world".
Greene King IPA is the mainstay of Greene King's cask ale portfolio.
No surprise, then, that Greene King IPA is now the fastest-selling cask ale in the UK and the second best-selling ale in the country.
www.pub-explorer.com /realale/greeneking.htm   (562 words)

  
 Business Unlimited | Business latest | Greene King toasts profits rise
Greene King said that its results had benefited from the acquisition, last June, of Morrells, which runs 107 pubs in and around Oxford.
Greene King paid £67m for Morrells, in a move which strengthened its presence in the Thames Valley area.
Greene King shares, which have been outperforming the FTSE-100 index in the last year, surged 25p to 818.84p in early trading as results met expectations.
business.guardian.co.uk /story/0,3604,990356,00.html?=rss   (304 words)

  
 Press release: OFT accepts undertakings from Greene King   (Site not responding. Last check: 2007-10-13)
On 9 August 2004 the OFT announced that Greene King's acquisition of Laurel Pub Holdings Ltd would not be referred to the Competition Commission if Greene King gave suitable undertakings to remedy competition concerns (see press release 123/04).
The OFT was concerned that the acquisition by Greene King of a number of pubs in these areas may give rise to less competition at a local level to offer customers value for money.
Greene King has signed undertakings to divest 13 pubs in seven PSDs to a buyer or buyers to be approved by the OFT.
www.oft.gov.uk /News/Press%2Breleases/2004/164-04.htm   (254 words)

  
 Greene King PLC | Greene King Corporate
Combining successful traditional ale brands with modern forward thinking, Greene King has grown steadily from its base in Bury St Edmunds, Suffolk to become a leading pub retailer and brewer.
Greene King’s businesses, Pub Company, Pub Partners and Brewing Company, each have a major role to play within the Greene King estate.
This is the division involved with the running of Greene King's tenanted and leased pubs.
www.greeneking.co.uk   (197 words)

  
 Greene King in line to buy Marston pubs
GREENE KING yesterday ruled itself out as a white knight in the battle for Marston, Thompson & Evershed by agreeing to buy 170 of the regional brewer's pubs if a hostile bid by Wolverhampton & Dudley Breweries is successful.
Greene King will pay £80m for the 170 pubs, which are located in the Home Counties and across the south of England.
The proposed sale to Greene King is for 70 managed outlets and 100 tenancies, which will make Greene King the largest pub company in the south.
www.telegraph.co.uk /htmlContent.jhtml?html=/archive/1998/12/24/cngre24.html   (412 words)

  
 Greene King
Greene King beer is famous across the world but 200 years ago it was all very different when an ambitious 19-year-old founded the firm.
Success continued when Edward and Frederick King decided that, rather than competing for business, they should combine their talents – and Greene King was born.
In 1891, the London Star, publishing Edward Greene’s obituary, praised him as “one of the first country brewers to discover that beer need not be vile, fl, turgid stuff but brewed a bright amber-coloured liquid, full of character and flavour of its own, which he sold at a shilling a gallon and made a fortune”.
www.edp24.co.uk /content/HiddenNorfolk/asp/2004/02/040207GreeneKing.asp   (1341 words)

  
 BBC NEWS | Business | Greene King toasts higher profits
Greene King's results were boosted by the addition of 432 extra pubs in August.
However, Greene King's shares were down 43p at 1260p in afternoon trading due to fears about the effect that weaker consumer spending may have on trading.
Analysts also said Greene King's shares had outperformed the stock market this year and that investors were using this opportunity to take profits.
news.bbc.co.uk /1/hi/business/4081155.stm   (264 words)

  
 Export | Greene King PLC | Worldwide exporting market overseas
The unique combination of tradition and innovation that is Greene King has led to celebrated success at home, and has provided a solid foundation for us to build on overseas.
Greene King ales in all forms, bottles, cans, kegs and even casks, can be enjoyed in over 30 countries world-wide.
We at Greene King take our export business seriously and have a dedicated team that deals solely with export customers and their orders.
www.greenekingexport.co.uk   (218 words)

  
 COMMENT: Greene King - one for the road : Beverage News
The pub chain and brewing group Greene King has managed to avoid the effects of a decline in beer consumption in pubs, posting significantly stronger 2004 results than most of its rivals.
Greene King is also now reaping the rewards of its August 2004 takeover of the 432-strong chain of Laurel pubs in a deal worth £654m.
Greene King has done well to produce such robust results in what has been a tough market of late.
www.just-drinks.com /news_detail.asp?art=26083   (544 words)

  
 Business Unlimited | Business latest | Greene King seals £187m Belhaven takeover
The move is the latest acquisition for Greene King, which owns 2,060 pubs including the Hungry Horse outlets.
Greene King has acquired more than 1,600 pubs in eight transactions with a total value of more than £1.3bn since 1996.
Greene King said it had concluded that the Scottish smoking ban due next year could result in a "significant" reduction in Belhaven's short-term profitability - a bigger effect than England's expected 2008 ban would have on Greene King.
www.guardian.co.uk /business/story/0,3604,1554026,00.html   (389 words)

  
 Greene King Beer - represented by Total Beverage Solution
Some things never change, and taste and quality of ingredients, are as important now as they were in 1887 when Greene, King and Sons was launched.
Greene King brews all of its beers in Bury St Edmunds, where ale has been a feature of life since at least as far back as 1086.
Greene King is committed to growing the market share by continuing to brew the 'craft' beers on which they have built their reputation.
www.totalbeveragesolution.com /greeneking   (217 words)

  
 Greene King Pub Partners | Awards   (Site not responding. Last check: 2007-10-13)
Pub industry awards; Greene King pub partners wins the Pub Company of the year award for the second year in The Publican Awards 2003.
Greene King acknowledges the importance of recognising and rewarding high achievers.
As part of Greene King’s determination to recognise excellence, all major achievements throughout the year are presented at the Greene King Pub Partners annual Night of Excellence Awards dinner.
www.greenekingpubs.co.uk /awards/awards.htm   (112 words)

  
 Greene King refuses to rest on its Laurels - 15 July 2004   (Site not responding. Last check: 2007-10-13)
In a market where the big national estates are moving towards long leases, Greene King likes old-fashioned, short-term tenancies because this allows it to stay closer to its licensees.
Greene King favours the short-term tenancy agreement, which it sees as “a better fit for the steady, dependable, local community pub”.
As a former employee of Greene King, I was pleased to see that they were once again on the acquisition trail, but feel sorry for the management team at Laurel as with all buyouts people are surplus to the new structure.
www.thepublican.com /item/14119/11   (1164 words)

  
 Greene King PLC   (Site not responding. Last check: 2007-10-13)
Recently Morland and Ruddles beers have been acquired and are brewed here along side the Greene King range.
We do not maintain a list of beers brewed by each brewery, but recommend you visit the entry for Greene King PLC on www.beermad.org.uk.
Greene King own more than 2000 pubs based primarily in southern England.
www.quaffale.org.uk /php/brewery/147   (316 words)

  
 Greene King IPA
Award-winning Greene King IPA is a great-tasting beer, loved by drinkers across the world.
In fact, Greene King IPA is currently Britain's favourite cask Ale IPA, so you're in good company and taste.
This hoppy, refreshing beer is brewed in the historic market town of Bury St Edmunds, in the heart of Suffolk, where brewing has been an important part of the town's history even as far back as 1086 when brewing in the town was recorded in the Domesday Book.
www.greenekingipa.co.uk   (113 words)

  
 Greene King plc - Fact Sheet - Hoover's   (Site not responding. Last check: 2007-10-13)
The King may be Greene, but his ales are golden.
Greene King is a leading pub company and brewer in the UK with more than 800 managed drinking establishments and about 1,300 leased and tenanted pubs located throughout the country.
Greene King's brewing operations market several brands of ale, including Abbot Ale, Greene King IPA, and Old Speckled Hen.
www.hoovers.com /greene-king/--ID__90181--/free-co-factsheet.xhtml   (352 words)

  
 Greene King sticks to integrated strategy
He said that while there was currently a swing away from managed pubs towards tenanted, the latter format was not without its pitfalls, which was why Greene King preferred to operate both kinds of outlets rather than adopting a unified strategy across its pub estate.
But despite its focus on classic real ale brands such as Greene King IPA, Abbot Ale, Old Speckled Hen and Ruddles County, Greene King's brewing arm also had an excellent year, with turnover increasing by 4 per cent to £95.6 million on the back of volume gains for almost every main brand.
Greene King's share of the take home market rose to 4.5 per cent.
www.beveragedaily.com /news/news-ng.asp?id=10365   (527 words)

  
 Greene King Structure | Greene King Corporate
Tenancy and Leasing is involved with the running of Greene King's tenanted and leased pubs.
Pub Company is the managed house division of Greene King, which encompasses both Old English Inns and Hungry Horse.
By working together, we are continually driving Greene King forward, ensuring that we meet and exceed our goals and become the UK's leading pub retailer-brewer.
www.greenekingjobs.co.uk /greene_king_structure.htm   (165 words)

  
 Greene King Inns | Main Map
Greene King Inns are a group of high quality inns in some of the most beautiful parts of England.
To make your stay complete, you're guaranteed Greene King cask conditioned ales, fine wines and a selection of premium beers and lagers.
For those that are looking for that extra little something, you'll find it at a Greene King Inn.
www.greenekinginns.co.uk   (151 words)

  
 Greene King continues to reign - Accountancy Age   (Site not responding. Last check: 2007-10-13)
Under Shallow, Greene King initiated transitional arrangements for pensions standard FRS 17 and adopted the deferred tax rule FRS 19 in its previous financial year.
Greene King chairman David McCall said at the time that he expected the quality of the business and the strength of its brands to stand the company in good stead 'even if general trading conditions deteriorate'.
Growth at Greene King has been stimulated by a series of acquisitions over the past two years, particularly, the £67m purchase of Morrells of Oxford in 2002 and Old English Inns, acquired in 2001 for £104.8m.
www.webactivemagazine.co.uk /news/bf/1134080   (827 words)

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