Greene King plc(LSE:GNK) dropped from FTSE 350 (Ex Investment Companies) Index

Greene King specializes in owning, operating and franchising pubs. The group also brews and markets beers. Net sales break down by activity as follows: - management of pubs and restaurants (81.1%): owns, at the end of april 2019, 2,730 pubs and restaurants (Hungry Horse, Greene King, Farmhouse Inn and Chef & Brewer brands); - production and marketing of beers (10.3%): mainly under Greene King IPA, Abbot Ale, Old Speckled Hen and Ruddles County names; - pub franchises (8.6%): 1,043 pubs franchised under rentals or leases.