Two updates out this morning. Initial reactions:
Greene King - Pretty much as expected. Things have definitely declined since last year, but they're still profitable, still well within debt covenants, and still very good value at their current price.
Tesco - Very positive, doing well despite poor conditions. Continuing strong growth internationally, although as you'd expect, less substantial growth in the UK.
Let's see what the market's reaction is:
- Greene King down 8.28%. Slightly surprised by that, I know the results aren't great, but they still met earnings expectations.
- Tesco up 6.22%. I think these results were better than analysts expected.
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