Greene King smoke ban 'prudent' says City

From The Publican

26-Jul-2004

Related topics: Company & City News

Despite the fact that most City dealing rooms are thick with tobacco smoke, the Square Mile has welcomed news that Greene King is to roll out the smoking ban already introduced in some of its pubs.


In Monday morning trading, Greene King's already-healthy share price was trading at around 5p higher than Friday's close after the brewer announced plans to ban smoking at its 140-pub Hungry Horse chain and 50 other food-led pubs as well as its 70 Old English Inns.


Analysts took the view that monitoring the effects of a ban in some pubs now is likely to give Greene King a competitive advantage.


Stuart Price at investment bank Panmure said: "We believe that management is being cautious and prudent. The company should be able to draw on the experience of its implementation of a ban on smoking in the event of an early government-imposed ban."

Find us on Facebook

Spotlight

Top tips for Halloween & Bonfire Night

Top tips for Halloween & Bonfire Night

Phil Mellows speaks to licensees and brand owners to find out ways pubs can increase footfall during...

Day of the Dead: hosting the event

How to host a Day of the Dead event

Pubs hosting Day of the Dead celebrations can boost footfall, gain attention and remind people that life...

Legal advice: combating cumulative impact

Legal advice: combating cumulative impact

The words ‘cumulative impact’ can strike fear into the hearts of operators across the land, particularly if...

Milkshakes: How to boost your GP

Milkshakes: How to boost your GP

Milkshakes are not just drinks for children. Nigel Huddleston adds a double shot of spirit and shows...

Follow us on