Greggs H1 profits warm up on new products and shop refits - UPDATE
30th Jul 2014 08:12
New products and shop refits heated up half-year profits at British high street baker Greggs, but it warned of tougher trading later in the year. Greggs said a rise in pre-tax profit in the 26 weeks to June 28th to £16.9m from £11.4m a year ago should be taken in the context of a period of weak tra
Read moreSector movers: Food retailers rebound after recent falls, Tesco rises
14th Jul 2014 15:22
Bargain-hunting was benefiting the food and drug retail sector on Monday as supermarket stocks recovered after suffering some heavy falls last week. A strong rebound across the wider market was experienced today with the FTSE 100 rising 1% after dropping 2.6% last week on concerns over Portugal's b
Read moreLondon pre-open: Chinese PMI to give FTSE lift early on
1st Jul 2014 07:40
Buoyed by a positive set of Chinese manufacturing figures out overnight, London stocks are set to register decent gains this morning. City sources predict the FTSE 100 will open around 17 points above yesterday's close of 6,743.94. Wall Street finished yesterday on a mixed note, matching the pic
Read moreGreggs sees higher H1 profits after good trading
1st Jul 2014 07:38
Bakery chain Greggs served up higher sales in the first half as new products attracted customers, helping it to forecast better interim profits than last year. Innovations such as revamped pizzas and pasties and new-style cakes drove a 3.2% rise in like-for-like sales in the 26 weeks to June 28th,
Read moreWednesday broker round-up UPDATE
26th Feb 2014 08:54
Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
Read moreGreggs sales fall due to bad weather, outlook stays tough
26th Feb 2014 08:12
Bakery chain Greggs took a hit to annual sales from bad weather last year, but said it was encouraged by early results of an overhaul of the business. Greggs, which had 1,671 shops in the UK at the end of last year, said like-for-like sales in the year to December 28th fell 0.8%. Total sales rose 3
Read moreWednesday broker round-up UPDATE
19th Feb 2014 08:33
Anite: Panmure Gordon lowers target price from 146p to 139p, while leaving its buy recommendation unaltered. Bank of Georgia: Canaccord Genuity increases target price from 2100p to 2400p, while leaving its hold recommendation unchanged. BHP Billiton: Investec raises target price from 1926p to 1985
Read moreSector movers: Morrison leads supermarket comeback after press speculation
13th Jan 2014 15:14
Supermarkets were lifting the food and drug retail sector higher on Monday as stocks recovered following a tough week for the industry. Morrison, Tesco and Sainsbury were all making decent gains in afternoon trade after all three grocers disappointed investors with poor like-for-like (LFL) sales ov
Read moreGreggs enjoys rise in fourth-quarter sales after strong festive trading
9th Jan 2014 09:32
UK bakery Greggs posted a 2.6 per cent increase in like-for-like sales in the fourth quarter, supported by strong trading over the Christmas period. The company achieved a 3.1% rise in like-for-like sales during the Christmas and New Year period in the five weeks ended January 4th. This compared to
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreWednesday broker round-up UPDATE
20th Nov 2013 08:46
Afren: Liberum Capital raises target price from 197p to 232p and maintains a buy recommendation. AstraZeneca: Berenberg cuts target price from 3472p to 3430p reiterating a hold recommendation. AVEVA Group: Liberum Capital reduces target price from 2350p to 2250p and keeps its hold recommendation.
Read moreBroker tips: Housebuilders, M&S, BSkyB, Greggs
9th Oct 2013 11:52
As part of an upbeat review of the UK housing market, Goldman Sachs has added Taylor Wimpey to its 'conviction buy' list and upgraded its ratings for Bovis Homes and Barratt Developments from 'neutral' to 'buy'. "Partly stimulated by the Help To Buy shared equity scheme, lead indicators such as UK
Read moreLondon midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
Read moreBroker snap: No turning point in sight for Greggs, says Canaccord
9th Oct 2013 11:14
Canaccord Genuity has retained its 'sell' rating and 330p target price for bakery chain Greggs, saying that while the third quarter saw some improvement its underlying investment case remains unchanged. Greggs said that like-for-like sales in the 13 weeks to September 28th fell by just 0.5%, much
Read moreLondon open: Stocks under pressure as debt ceiling looms
9th Oct 2013 08:22
Markets dropped sharply once again on Wednesday as investors' appetite for risk continues to be eroded by the ongoing government shutdown in the US. Not even the news that well-known dove Janet Yellen will be nominated as the next chair of the Federal Reserve lifted stocks this morning, with the FT
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