On Friday, Greene King shares lost 8 per cent of their value and closed the week at 467p. But the market reaction may be overdone. Forecasts are that Greene King's taxable profits, to be declared on Tuesday, will be down a mere pounds 1m at pounds 21m for the year to April.
Anything better and the shares will bounce quickly. They're likely to bounce in any case, when recovery hits Greene King's heartland in London and the South-east where it has good pubs - and good brands.Reuse content