Greenalls shares jump on bid hopes
Thursday 29 July 1999
On Tuesday, Greenalls issued the latest in a series of profit warnings prompted by the poor performance of the group's Taverns wholesaling division and problems with the company's financial and operating system. In May, the company reported a 23 per cent fall in profits before tax for the six months to 23 March to pounds 50.5m.
A Whitbread spokesman refused to comment on his company's alleged interest in Greenalls, once Britain's biggest regional brewer and owner of the De Vere hotel chain and Village leisure operation. He said: "There was talk of Whitbread putting in a bid for Greenalls before the Allied Domecq sale. It was speculation then and it is speculation now."
Other possible candidates to buy Greenalls are Scottish & Newcastle, said to have considered purchasing the company's pub division earlier this year but to have walked away on price; the venture capital group Alchemy; and pub group Wolverhampton & Dudley.
- 1 Planes go hybrid-electric in important step to greener flight
- 4 Hip hop is both racial and political, and for Iggy Azalea to suggest otherwise is insulting
- 5 Man hospitalised with pneumonia after downing eggnog at office Christmas party
Antonio Martin shooting: Black teenager may have tried to ambush patrolman, says police officer's lawyer
Orphan kangaroos spend Christmas without their parents
Northern Lights above Britain: Stunning Aurora Borealis illuminates Northumberland sky on Christmas Eve
New route to Mars could make manned mission much cheaper and easier
Isis 'did not shoot down Jordan war plane' before capturing pilot, says US
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
iJobs Money & Business
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...