Greggs ploughs on with expansion plans but who’s going to work in the new shops?
The baker admitted it has suffered some disruption in terms of availability of staff over the past few months
Company
Greggs PLC
LON:GRG
UK's leading retailer specialising in sandwiches, savouries and other bakery-related products, with a particular focus on takeaway food and catering.
232 stories · page 2 of 3
Greggs upgrades full-year expectations but labour shortages, supply chain issues bite
The baker has also unveiled ambitious long-term plans
Investments and investor services
Greggs shares cool off ahead of results amid fear of supply chain or inflation surprises
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
Greggs says chicken bakes are still on the menu but supply issues hit other product lines
"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
Greggs upgrades full-year expectations after swing to interim profit
The baker has also resumed dividend payments after a pandemic-induced break
Greggs says sales recovery better than expected
Sales held up even amid increased competition when cafes and restaurants were allowed to reopen
Greggs could see significant upside from delivery growth, says broker
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
Greggs says full-year profits could recover to 2019 levels
Sales have recovered well recently as the baker is facing less competition than usual from cafes and restaurants
Greggs slumps to loss, plans 100 new shops after cutting 820 jobs
The new financial year started better than expected but sales were down 29%
Builders and building materials
Antofagasta more likely to be on a roll than Greggs on Tuesday
There are also results expected from the likes of Ferguson, Close Bros, Costain, Polypipe, ScS and Wood Group
FTSE 100 finishes lower as commodity stocks lag and US benchmarks retreat
Britain's premier share index finished down nearly 12 points at 6,749, with commodity stocks weighing
Archive
Ocado, Greggs, Fevertree among big names in coming week, Fed and BoE meetings eyed
Other big names in the diary include copper miner Antofagasta, publican Wetherspoons and the Gym Group
Greggs warns on profits and cuts 820 jobs due to lockdown impact
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
Archive
Greggs to serve fresh trading update on Wednesday; US ADP data eyed
The bakery chain may be facing a bleak start to 2021 as the new UK lockdown measures will once again shut out customers
Greggs looking at job cuts and reduced hours as furlough scheme ends
Greggs wants to minimise job cuts by reducing hours worked in shops
Archive
Greggs and Hotel Chocolat on the menu for Tuesday
Also on Tuesday there are results expected from Ferguson, the AA and Card Factory
Coronavirus restrictions at Christmas would wipe out chunks of food sector, suggests broker
Working from home, meanwhile, poses another challenge for the food systems in the metropolitan centres and travel hubs
Greggs shutters Leeds distribution centre after COVID-19 outbreak among staff
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.....
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
Greggs passes on dividend as sales still down by two-thirds due to social distancing
The high street baker expects to reach breakeven in profit terms when sales recover to 80% of pre-pandemic figures
Greggs to reopen 800 shops this week, sales expected to be lower than normal
The group said its whole estate is expected to be trading by early July
Greggs will enjoy strong demand when it reopens stores, HSBC analysts believe
It was suggested that the food-on-the-go company may consider raising capital in order to decrease debt
Greggs burned as it scraps store reopening plan over crowd fears
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
Greggs, John Lewis among high street names planning to reopen stores
McDonald's and Timpson are also eyeing a restart of operations, while Burger King is to ramp-up deliveries
Greggs receives £150mln in government help, cash burn is slower than expected
The group's weekly cash burn until the end of June will be £3.5mln, unlike the £5mln it estimated last month
Greggs rises despite closing all its stores, cancelling final 2019 dividend as coronavirus pandemic bites
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
Dividend dump hits £1.5bn as UK PLC conserves cash for coronavirus battle
Some 17 companies shelved their payout on Monday alone, removing around £500mln that would have been coming investors' way
Greggs holds onto full-year expectations despite February storms
The baker still expects “year-on-year progress” despite coronavirus uncertainty, higher wages and pork prices
HSBC takes a bite out of Greggs and Restaurant Group
The global bank’s analysts cut their stance for Greggs to ‘reduce’ from ‘hold’, while maintaining a 2,000p target price
Greggs goes with Just Eat as its UK delivery option
The service will kick-off in Birmingham and Bristol this week while London, Newcastle and Glasgow will see the existing trial arrangement greatly expanded.
Greggs' profits "slightly" ahead after £7mln thank-you payout to staff
Underlying profit before tax will be “slightly” higher than expectations after fourth-quarter like-for-like sales were up 8.7%
Archive
FTSE 100 closes a shade higher; Trump says Iran appears to be 'standing down' after strikes
The UK index of leading shares closed Wednesday up around a point at 7,574
Greggs rolls out new vegan steak bake
People were reportedly queuing outside a Newcastle branch on Wednesday night, when it made a late-night premiere
Greggs bakes hotter profits as sales growth holds up
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%
Greggs shares crumble as growth cools in face of tough comparisons
A net 56 new shops have opened in the year-to-date, with a 2,000th outlet welcoming customers in August
Greggs could open another 1,000 stores in the UK, according to UBS
UBS analysts are buyers once again of the high street bakery, and they reckon there is still plenty of room for Greggs to grow
Greggs' vegan sausage roll pays dividends – almost literally
The Newcastle-based bakery chain cited the soar-away success of the vegan-friendly savoury treat as the foundation of its financial success
Investments and investor services
FTSE 100 closes lower but BP top gainer after Q2 results beat expectations
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
Archive
Greggs on a roll after vegan success but can it keep up the momentum?
Greggs, Reckitt Benckiser and Provident Financial are among the companies reporting results on Tuesday
Archive
Week ahead preview: Lloyds, Barclays, RBS, BT Group, BoE and US Fed
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.
Veganism proves to be tidy earner for food firms as others look to exploit ‘meat-free’ momentum
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
How Roger Whiteside transformed Greggs into the gloom-busting £2bn bakery chain it is today
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
Investments and investor services
Malvern surges after confirming attendance at investor conference
A look at the day's major movers, including Tricorn, Eagle Eye, Microsaic, Red Emperor, N4 Pharma, Greggs and Edenville Energy
Greggs hits all-time high after fourth profit upgrade in five months
The bakery chain has enjoyed an “exceptional” 2019 so far, meaning bosses now expect sales and profits will be “materially higher” than previous forecasts
Investments and investor services
FTSE 100 closes higher and global stocks rally as trade fears seem to ease
On Wall Street, the Dow Jones Industrial Average is up 287 points at the time of writing
Why you should wait to tuck into Greggs shares
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
Greggs to pay special divi this summer after serving up record profits in 2018
The bakery chain wants to return more than half of the £88mln cash pile it has built up to shareholders
FTSE 100 closes lower after European Central Bank strikes downbeat note
"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
Archive
Insurers Aviva and Admiral in Thursday’s results spotlight
Results from Aviva, Admiral, Greggs and Premier Oil are all in the diary for Thursday.
Archive
Insurance will be the corporate key in coming week, though US jobs data should be biggest draw
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 lifts 2019 profit guidance as new vegan sausage roll helps to beef up sales
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
UBS is a fan of Greggs, but recent share surge makes valuation “challenging”
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
Tesco, Next and Ted Baker among the festive winners as high street survives Christmas - but only just
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
UBS hikes its target price and 2019 estimates for Greggs following tasty Christmas trading update
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%
Greggs lifts profit guidance again as festive bakes and mince pies boost Christmas trading
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
Archive
FTSE 100 closes higher as traders optimistic on China/US talks breakthrough
The UK blue-chip benchmark added around 45 points at 6,906, while FTSE 250 surged even higher.
Archive
Slew of retailer trading updates to continue, Sainsbury's takes supermarket focus
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
Archive
Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
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
Peel Hunt upgrades Greggs after bakery chain raises profit guidance
“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
Greggs raises 2018 pretax profit view as sales climb
The period was “particularly encouraging as it builds on good comparative sales in the same period last year,” says the sausage rolls maker
Archive
Genel Energy PLC shares rise on production update
A look at some of the UK market's winning and losing shares during Tuesday's trading session
Hot summer fails to weaken UK’s appetite for Greggs’ pasties
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
Investments and investor services
FTSE 100 posts a positive finish but Paddy Power Betfair slides
The more UK company focused FTSE 250 however, shed around 96 points to close at 19,549
Archive
Greggs set to be the stand-out on a quiet Tuesday in the City
With little else expected in the way of news, the FTSE 250 bakery group will likely command most of the market’s attention
Archive
Retailers and recruiters in week ahead spotlight with results from N Brown, WH Smith, PageGroup and Hays
The week ahead sees updates from N Brown, WH Smith, Hays, PageGroup, Greggs, RPC Group and Marston's
Walcom shares drop as it begins legal proceedings to recover money from customer
A look at some of the top risers and fallers in London today
Greggs pre-tax profit moves up in the half year but cautious full-year outlook retained
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%
Archive
FTSE 100 finishes higher as investors come back to risk; big miners gain
The Footsie finished up almost 48 points at 7,748, but FTSE 250 fell
Archive
BP may have already given a results spoiler, but there will be plenty else to digest on Tuesday
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
Archive
Banks in the foreground as the BoE and Fed make rate decisions; Barclays, Lloyds, RBS all report results
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
Greggs could delay a special dividend after profit warning, says Berenberg
Berenberg downgraded Greggs to a ‘hold’ rating from ‘buy’ and lowered its target price to 1,066p from 1,225p
Greggs shares go stale as outlook predicts flat profits for 2018
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
FTSE 100 closes higher, boosted by oil stocks
President Donald Trump decided to abandon a key Iran nuclear deal, sending oil prices higher
Archive
Beer and pasties to provide sustenance, with updates due from Wetherspoons and Greggs
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
Archive
Rate hike unlikely from May Bank of England policy meeting after recent dull UK data
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 ...
Greggs sees full-year adjusted profit meet expectations, but like-for-like sales growth slows
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
Investments and investor services
FTSE 100 closes in red as Powell's hawkish tone gives traders jitters
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
Archive
Standard Chartered to take the bow for banking results, as Persimmon starts for the housebuilders
Day ahead includes a welter of blue chip results from the likes of Standard Chartered PLC, Persimmon PLC, Direct Line Group, and GKN PLC
Archive
Housebuliders step up to the podium in busy week of corporate earnings
The week ahead includes a slew of full year results, including from Taylor Wimpey, Persimmon, GKN, Capita, AB Foods and WPP
Investments and investor services
Speculators keep GKN shares higher, FTSE 100 miners under fire
A look at some of the top risers and fallers in London today
Greggs reports 2017 sales growth but cautious on outlook amid Brexit uncertainty
Greggs will push ahead with its expansion plan this year despite a uncertain consumer environment
Investments and investor services
FTSE 100 closes lower as miners prove a drag
London’s blue-chip benchmark closed around 13 points lower on the day at 7,755
Archive
UK inflation may tick lower in December; retailers' Christmas updates continue to flow
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
Archive
Coffee break eyed at Whitbread as retail trading updates continue to flow
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 ranges and breakfast demand boost sales at Greggs
New autumn range includes an 'all day breakfast' wrap and Thai chicken soup
FTSE 100 closes higher, boosted by weak sterling and Ferguson
The pound's weakness is the source of the Footsie's late strength
Archive
Healthier options expected to help drive growth at food-on-the-go specialist Greggs
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 closes firmly higher as weak pound gives it a boost
FTSE 100 closed over 66 points higher at 7,438 with budget carrier easyJet the top flyer
Archive
Tesco and Greggs to give a taste of high street conditions; hurricanes could have blown away US jobs
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
'Greggs’ growth potential looks tasty' says Berenberg as it upgrades to ‘buy’
“After seeing the company present twice we feel increasingly confident that it can continue to achieve underlying growth above the market level”
Greggs first-half profits fall on restructuring costs but sales boosted by salads and breakfasts
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
Archive
Centrica and BP to put some energy into the start of August
British Gas owner Centrica and BP are among the blue-chip names in Tuesday’s City agenda.
Archive
Banks to dominate another busy earnings week, including numbers from HSBC and RBS
Week ahead: HSBC, Royal Bank of Scotland, Royal Dutch Shell, Next, Centrica, Shire, US jobs, Bank of England policy meeting ...
Subway set to overtake Greggs in the UK and Ireland with plans to open 500 new stores
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 warns of uncertain outlook as rising inflation begins to bite consumers
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
Archive
Day ahead: Retailers at opposite ends of shopping spectrum in focus
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
Archive
Primark to keep the ball rolling nicely at Associated British Foods
Week ahead; Associated British Foods , Sky , Unilever Burberry, Reckitt Benckiser...
Archive
Sir Philip Green hands over £363mln for the BHS pension pot
What's trending? Charlotte Hogg, the next deputy governor of the BoE; Pancake Day and Greggs' results - coincidence? Taylor Wimpey
Extended product range, new outlets, and store refurbishments helps Greggs' 2016 profits rise, but conditions 'challenging"
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 shares tip higher, engineers in vogue ahead of Trump card
FTSE 100 stocks ended on a high on Tuesday after rangebound trading for much of the session, with engineers leading light gains