"Beast from the East" drags on British pub firm Greene King's sales [Reuters]
GREENE KING PLC (GKNGY)
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Source: Reuters
Beast from the East drags on British pub firm Greene King's sales | Reuters Reuters Staff 1 Min Read April 12 (Reuters) - Pub operator Greene King Plc reported a 1.8 percent drop in like-for-like sales for the 49 weeks to April 8 on Thursday, joining a string of British businesses that took a hit from the cold wave in the UK during February-March. The owner of ale brands such as Greene King IPA, Old Speckled Hen and Abbot Ale said weather over the last 12 weeks impacted trading. The weather system dubbed “the Beast from the East” brought rare snow and sub-zero temperatures to much of Britain in late February and early March bringing normal life to a standstill. On an underlying basis, excluding the impact of snow, comparable sales in the year-to-date were 1.2 lower, Greene King said. (Reporting by Rahul B in Bengaluru; Editing by Amrutha Gayathri and Gopakumar Warrier) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reut
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