Regulatory Updates, Financial Releases, Leisure Spend Tracker, Tax-efficient Structures, and Refinancing Facilities - Analyst Notes on N Brown, Greencore, Greene King, Legal & General and Tullow

LONDON, June 18, 2014 /PRNewswire/ --

Today, Earnings Review released its analysts' notes regarding N Brown Group Plc (LON: BWNG), Greencore Group Plc (LON: GNC), Greene King Plc (LON: GNKO), Legal & General Group Plc (LON: LGEN) and Tullow Oil Plc (LON: TLW). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3843-100free.

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N Brown Group Plc Analyst Notes
On June 9, 2014, N Brown Group Plc (N Brown) announced that its Annual Report for the 52 weeks ended March 1, 2014, Notice of Annual General Meeting (AGM) and the Proxy form have been mailed to shareholders, and in accordance with paragraph 9.6.1 of the FCA Listing Rules, a copy of the Annual Report, AGM Notice and Proxy form have been submitted to the National Storage Mechanism. The Company is expected to hold its Annual General Meeting on July 22, 2014 at 12.30 p.m.. The full analyst notes on N Brown are available to download free of charge at:

http://earnings-review.com/3843-BWNG-18Jun2014.pdf

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Greencore Group Plc Analyst Notes
On May 20, 2014, Greencore Group Plc (Greencore) announced its H1 FY 2014 (period ended March 28, 2014). For H1 FY 2014, the Group reported revenue of £619.8 million, up 8.2% YoY. The Company attributed growth in revenue to a high rate of new convenience store openings by the major retailers, along with increasing employment and a milder winter. Adjusted EPS was 7.0 pence representing an increase of 18.6% YoY, while the group operating profit went up by 14.0% YoY to £37.2 million. Greencore also announced an interim dividend of 2.20 pence per share for H1 FY 2014, up by 15.8% YoY. The dividend is payable on October 3, 2014 to shareholders on the register of members as of June 6, 2014. The Company expects to deliver good revenue growth in H2 FY 2014 and is confident to deliver adjusted EPS growth for FY 2014 in line with market expectations. The full analyst notes on Greencore are available to download free of charge at:

http://earnings-review.com/3843-GNC-18Jun2014.pdf

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Greene King Plc Analyst Notes
On May 22, 2014, Greene King Plc (Greene King) released the findings of the Greene King Leisure Spend Tracker for the month of April 2014. According to the Company, the month of April witnessed strong growth in leisure spending backed by regions outside of London and the South East. Greene King stated that in April, the average British household leisure spend increased 8% sequentially to £215 owing to improved weather and the long Easter weekend. The Company reported that spending by the average household on leisure grew quicker in the rest of Britain than in London and the South East, increased by £18 and £8 respectively. Drinking out spend by the average British household increased by 17% QoQ to £47, reaching its highest level since Christmas. The full analyst notes on Greene King are available to download free of charge at:

http://earnings-review.com/3843-GNKO-18Jun2014.pdf

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Legal & General Group Plc Analyst Notes
On May 28, 2014, Legal & General Group Plc (Legal & General) announced that its £1.3 billion UK Property Trust was converted into a Property Authorized Investment Fund (PAIF) structure on May 24, 2014, resulting in more tax-efficient income for many investors. The fund has also been renamed and the PAIF is called the Legal & General UK Property Fund. A PAIF is a tax-efficient property fund which keeps track of three different income streams: rental, interest and dividend income. Michael Barrie, Director, Fund Management, Legal & General Property, said, "Property offers a generous yield relative to other assets and this has contributed to a continued resurgence in investor appetite for the asset class. Furthermore a more broad based economic recovery has helped to fuel occupier demand, pointing to very strong real estate returns over the course of 2014 and beyond." The full analyst notes on Legal & General are available to download free of charge at:

http://earnings-review.com/3843-LGEN-18Jun2014.pdf

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Tullow Oil Plc Analyst Notes
On June 13, 2014, Tullow Oil Plc (Tullow) announced that it has refinanced its NOK 2 billion Norwegian exploration loan facility and has successfully increased the size of the facility to NOK 3 billion and extended the availability to the end of 2017. The Company informed that the arrangement is a fully committed revolving credit facility, and replaces the previous facility arranged for Spring Energy before its acquisition by Tullow, whose availability was due to expire in December 2014. Ian Springett, CFO, Tullow, said, "This NOK 3 billion facility provides pre-funding for approximately 75% of our exploration and appraisal investment on the Norwegian Continental Shelf. The significant oversubscription demonstrates the strength of our banking relationships and our ability to access debt capital markets. We remain in an excellent position to fund all our activities across the portfolio with strong liquidity and considerable financial flexibility." The full analyst notes on Tullow are available to download free of charge at:

http://earnings-review.com/3843-TLW-18Jun2014.pdf


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