Company
LON:GRG
UK's leading retailer specialising in sandwiches, savouries and other bakery-related products, with a particular focus on takeaway food and catering.
230 stories · page 2 of 3
Investments and investor services
Important economic data is also due, with services PMIs data for the UK, US and other major economies that will give an indication of how the global economy fared into the end of the third quarter
"There are no current supply issues with our chicken bakes and our customers can continue to enjoy these as they usually would,” a spokesperson for Greggs said
The baker has also resumed dividend payments after a pandemic-induced break
Sales held up even amid increased competition when cafes and restaurants were allowed to reopen
Analysts at Berenberg also said they expected the bakery chain to “soon move back into positive territory” regarding sales growth as pandemic lockdown restrictions eased
Sales have recovered well recently as the baker is facing less competition than usual from cafes and restaurants
The new financial year started better than expected but sales were down 29%
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There are also results expected from the likes of Ferguson, Close Bros, Costain, Polypipe, ScS and Wood Group
Britain's premier share index finished down nearly 12 points at 6,749, with commodity stocks weighing
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Other big names in the diary include copper miner Antofagasta, publican Wetherspoons and the Gym Group
The bakery chain expects its loss before tax for the year ended January 2. 2021, to be up to £15mln, after a £108mln profit recorded a year earlier
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The bakery chain may be facing a bleak start to 2021 as the new UK lockdown measures will once again shut out customers
Greggs wants to minimise job cuts by reducing hours worked in shops
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Also on Tuesday there are results expected from Ferguson, the AA and Card Factory
Working from home, meanwhile, poses another challenge for the food systems in the metropolitan centres and travel hubs
Analysts do not expect a notable hit on full-year performance but the pandemic is nonetheless "problematic" for the baker
Amazingly really, whenever the market tries to fall, it gets bought up. The question, given all the problems in the world is why? Well, who knows, the market is always mad. I guess for now it looks forward to 2021 and 2022 and assumes virus
The high street baker expects to reach breakeven in profit terms when sales recover to 80% of pre-pandemic figures
The group said its whole estate is expected to be trading by early July
It was suggested that the food-on-the-go company may consider raising capital in order to decrease debt
The bakery chain said an overwhelming reaction to its plans on social media had raised concerns that large numbers of customers could invalidate efforts to enforce social distancing
McDonald's and Timpson are also eyeing a restart of operations, while Burger King is to ramp-up deliveries
The group's weekly cash burn until the end of June will be £3.5mln, unlike the £5mln it estimated last month
Greggs’ like-for-like sales in the nine weeks to February 29 were up 7.5% year-on-year, however, in the two weeks succeeding that they were only 4.1% higher and then fell by 9.9% in the week to March 21
Some 17 companies shelved their payout on Monday alone, removing around £500mln that would have been coming investors' way
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The baker still expects “year-on-year progress” despite coronavirus uncertainty, higher wages and pork prices
The global bank’s analysts cut their stance for Greggs to ‘reduce’ from ‘hold’, while maintaining a 2,000p target price
The service will kick-off in Birmingham and Bristol this week while London, Newcastle and Glasgow will see the existing trial arrangement greatly expanded.
Underlying profit before tax will be “slightly” higher than expectations after fourth-quarter like-for-like sales were up 8.7%
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The UK index of leading shares closed Wednesday up around a point at 7,574
People were reportedly queuing outside a Newcastle branch on Wednesday night, when it made a late-night premiere
The sausage roll retailer reported total sales up 12.4% in the six weeks to 9 November, with like-for-like sales rising 8.3%
A net 56 new shops have opened in the year-to-date, with a 2,000th outlet welcoming customers in August
UBS analysts are buyers once again of the high street bakery, and they reckon there is still plenty of room for Greggs to grow
The Newcastle-based bakery chain cited the soar-away success of the vegan-friendly savoury treat as the foundation of its financial success
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The FTSE 100 index closed 39.84 points lower on the day at 7,646, while the midcap FTSE 250 index plunged almost 112 points to close at 19,774
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Greggs, Reckitt Benckiser and Provident Financial are among the companies reporting results on Tuesday
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It will be a busy week for markets with a barrage of corporate earnings and interest rates decisions from the Bank of England and the US Federal Reserve.
Vegan sausage rolls have proved a boon to established food chains like Greggs, while investors are starting to pour money into the next generation of meat-free products
When Whiteside first came in back in the summer of 2013, Greggs was struggling with falling like-for-like sales, while profits had also taken a hit
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A look at the day's major movers, including Tricorn, Eagle Eye, Microsaic, Red Emperor, N4 Pharma, Greggs and Edenville Energy
The bakery chain has enjoyed an “exceptional” 2019 so far, meaning bosses now expect sales and profits will be “materially higher” than previous forecasts
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On Wall Street, the Dow Jones Industrial Average is up 287 points at the time of writing
Greggs shares have almost doubled since last summer, driven by a strong guidance upgrades, but that rapid rise has left it looking a little expensive to some City analysts
The bakery chain wants to return more than half of the £88mln cash pile it has built up to shareholders
"Brutal cuts from the ECB as GDP growth for 2019 is cut from 1.7% to 1.1%. With this in mind, it seems like any possible interest rate raises are all but completely ruled out until likely 2021," declared Jordan Hiscott, the chief trader at
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Results from Aviva, Admiral, Greggs and Premier Oil are all in the diary for Thursday.
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The Week Ahead brings updates from the likes of Aviva, Direct Line, L&G and Admiral, while investors can also bet on Paddy Power Betfair and GVC Holdings
Greggs bosses said the “exceptional sales performance” at the start of 2019 has been boosted by the “extensive publicity” surrounding its new vegan sausage roll
The value of Greggs shares has jumped by more than three-quarters since last summer, and UBS reckons they are now where they should be
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
The Swiss bank raised its discounted cashflow-based target price for the FTSE 250-listed firm to 1,500p, up from 1,400p previously, with the stock trading at 1,453p, up 5.3%
Consumers have been tightening their purse strings of late, but it seems we can still find the money to treat ourselves to a sausage roll or steak bake
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The UK blue-chip benchmark added around 45 points at 6,906, while FTSE 250 surged even higher.
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The post-Christmas assessment of the high street will carry on unabated on Wednesday, with updates expected from Ted Baker, Topps Tiles and Majestic Wines
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The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
“The patchy late Spring is now a distant memory and we’d own up to over-reacting to it; this is clearly a very consistent performer and with a decent upgrade today it’s clear that our negative stance is wrong,” Peel Hunt said
The period was “particularly encouraging as it builds on good comparative sales in the same period last year,” says the sausage rolls maker
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A look at some of the UK market's winning and losing shares during Tuesday's trading session
Greggs’ new focaccia-style pizzas were popular over the summer months, as was the company’s drinks range – unsurprising given the prolonged period of warm weather
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The more UK company focused FTSE 250 however, shed around 96 points to close at 19,549
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With little else expected in the way of news, the FTSE 250 bakery group will likely command most of the market’s attention
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The week ahead sees updates from N Brown, WH Smith, Hays, PageGroup, Greggs, RPC Group and Marston's
A look at some of the top risers and fallers in London today
The bakery chain reported that pre-tax profits rose to £24.1mln from £19.4mln while like-for-like sales in company managed shops increased by 1.5%
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The Footsie finished up almost 48 points at 7,748, but FTSE 250 fell
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Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
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Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Berenberg downgraded Greggs to a ‘hold’ rating from ‘buy’ and lowered its target price to 1,066p from 1,225p
The FTSE 250 bakery chain reported in a trading update that LFL sales for the first 18 weeks of the year were up 4.7%, slower than the 7.4% increase in the same period last year
President Donald Trump decided to abandon a key Iran nuclear deal, sending oil prices higher
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Day Ahead includes trading updates from pubs operator JD Wetherspoon and bakery chain Greggs, plus interims from blue chips cigarettes firm Imperial Brands and travel group TUI
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Aside from the latest Bank of England interest rate decision, the week ahead includes updates from Wm Morrison Supermarkets, Next, BT Group, ITV, and William Hill ...
The FTSE 250-listed baked goods provider reported pre-tax profit before one-off items of £81.8mln for the year to December 30 2017, in line with analysts' expectations
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New Fed supremo Jerome Powell will likely stick to a gradual, three hikes scenario, but the case for a faster pace of tightening is growing stronger, according to Nordic investment bank, SEB
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Day ahead includes a welter of blue chip results from the likes of Standard Chartered PLC, Persimmon PLC, Direct Line Group, and GKN PLC
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The week ahead includes a slew of full year results, including from Taylor Wimpey, Persimmon, GKN, Capita, AB Foods and WPP
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A look at some of the top risers and fallers in London today
Greggs will push ahead with its expansion plan this year despite a uncertain consumer environment
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London’s blue-chip benchmark closed around 13 points lower on the day at 7,755
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Day ahead includes latest UK inflation data, plus trading updates from retailers Dunelm PLC, Greggs PLC, and JD Sports Fashion PLC, as well as Johnson Matthey PLC
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Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
New autumn range includes an 'all day breakfast' wrap and Thai chicken soup
The pound's weakness is the source of the Footsie's late strength
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Day ahead includes a trading update from food-on-the-go specialist Greggs PLC, and first half results from Ferguson PLC - the plumbing supplies group formerly known as Wolseley
FTSE 100 closed over 66 points higher at 7,438 with budget carrier easyJet the top flyer
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Week ahead to include first half results from supermarkets giant Tesco PLC, an update from high bakery chain Greggs PLC (LON:GRG), and the latest US jobs data
“After seeing the company present twice we feel increasingly confident that it can continue to achieve underlying growth above the market level”
Greggs has left its guidance for the full year unchanged but has alerted to risks stemming from a slowdown in consumer spending and uncertainty from Brexit
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British Gas owner Centrica and BP are among the blue-chip names in Tuesday’s City agenda.
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Week ahead: HSBC, Royal Bank of Scotland, Royal Dutch Shell, Next, Centrica, Shire, US jobs, Bank of England policy meeting ...
Subway has decided to expand in the UK and Ireland despite a slowdown in consumer spending on the back of rising cost of living
Greggs dished up a 7.5% increase in total sales in the first 19 weeks of the year with 3.6% growth in like-for-like sales at company-managed shops
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Luxury group Burberry PLC will deliver a pre-close season trading update, while Primark discount clothing chain owner Associated British Foods PLC delivers its first-half results
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Week ahead; Associated British Foods , Sky , Unilever Burberry, Reckitt Benckiser...
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What's trending? Charlotte Hogg, the next deputy governor of the BoE; Pancake Day and Greggs' results - coincidence? Taylor Wimpey
The bakery firm reported pretax profits before exceptional items of £80.3mln for the year to December 31, up from £73mln in 2015.
FTSE 100 stocks ended on a high on Tuesday after rangebound trading for much of the session, with engineers leading light gains
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The FTSE 100 continued its sharp slide on Tuesday, after the pound surged at its strongest intraday pace since 2008 following Theresa May's speech on Brexit which was seen as offering leadership on the course for quitting the European Union
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How hard would you like your Brexit? The PM should give some clues in her speech today.
