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    July 3, 2007

    Greene King up almost 8 percent

    Filed under: Companies, BG Group, Enterprise Inns, Antofagasta, Lonmin, British Energy, Kelda, Greene King, Punch Taverns

    In London on Tuesday the FTSE 100 was 0.75 percent higher to 6,639.8, while the FTSE 250 added 1.85 percent on the session to close at 11,747.6.

    Punch Taverns was the best performer on the 100, adding 3.44 percent to £12.62, helped by the even bigger rise on the 250 of fellow pubs operator and brewer Greene King (LSE: GNK), which gained 7.92 percent to £10.36.

    Greene King said that the new ban on indoor smoking in public places in the UK had not hurt it, as around 95 percent of its pubs have outdoor smoking areas.

    It also said that it is focusing on food service in an effort to bring in more female customers and families, and that it is looking at splitting 870 of its 1,400 pubs into separate operating and property companies in order to bring more value from its properties.

    Enterprise Inns (LSE: ETI) also felt the benefit of Greene King’s gains, adding 2 percent on the session, to 687p.

    Elsewhere, some miners saw gains again. Antofagasta (LSE: ANTO) gained 2.87 percent to 646p, while Lonmin (LSE: LMI) was up 3.13 percent to £43.10.

    Energy related companies, however, did not do as well. Oil and natural gas producerr BG Group (LSE: BG; NYSE: BG) dropped 0.9 percent to 824p, while utility Kelda Group (LSE: KEL) was 1.31 percent lower to 943p. Electricity generator British Energy (LSE: BGY) had the worst day on the 100, dropping 1.4 percent to 527p.





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