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Greene King grows faster

TIP UPDATE: The financial year is ending strongly for pubs operator Greene King
May 4, 2011

Pubs operator and brewer Greene King has reported a strong end to its year, with like-for-like retail sales growth of 8.2 per cent in the 16 weeks to 24 April.

IC TIP: Buy at 495p

And the quality of the estate is receiving a boost from the £53m acquisition of Realpubs, which owns 14 high-end London pubs.

What we said:

Price: 477p

When: 11/02/11

Performance: +4%