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Greene King has bumper Christmas

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Pub landlord and brewer Greene King (LON:GNK) has announced that like-for-like sales for the 36 weeks ended 6th January were up by 3.6%. The two weeks around Christmas were particularly strong, with a 10.9% like-for-like improvement over the previous year, and with £7.7 million in sales on Christmas Day itself.

Management said that they were confident in the business’s prospects for 2019 despite having some concerns about potential consumer confidence and spending.

The price of Greene King shares rose 4.48% to 578p (as of 11:20 GMT).

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