London close: Stocks weaker after surprise UK GDP contraction
13th Dec 2024 16:29
(Sharecast News) - London's stock markets closed lower on Friday as investors reacted to an unexpected contraction in the UK economy during October, while the pound lost ground against major currencies.
Read moreRBC Capital starts Greggs at 'outperform', says 'buy the dip'
13th Dec 2024 10:43
(Sharecast News) - RBC Capital Markets recommended that investors "buy the dip" on Friday, as it initiated coverage of bakery chain Greggs with an 'outperform' rating and 3,240p price target.
Read moreDeutsche Bank downgrades Greggs and Mitchells & Butlers after budget tax changes
8th Nov 2024 08:55
(Sharecast News) - Deutsche Bank has downgraded its ratings for Greggs and Mitchells & Butlers in light of the governments recent changes to employer national insurance contributions, saying that they disproportionately impact a "labour-intensive leisure sector".
Read moreLondon close: Stocks mixed on manufacturing data, Middle East tensions
1st Oct 2024 16:58
(Sharecast News) - London markets ended Tuesday with mixed results, as investors reacted to manufacturing data from both sides of the Atlantic, as well as Middle East developments.
Read moreGreggs backs full-year outlook as Q3 sales rise
1st Oct 2024 07:20
(Sharecast News) - Greggs slumped on Tuesday as it backed its full-year outlook but reported a slowdown in third-quarter sales growth.
Read moreLondon close: Stocks mixed after barrage of corporate updates
30th Jul 2024 15:32
(Sharecast News) - London stocks ended the day mixed on Tuesday as investors navigated a wave of earnings reports and anticipated upcoming key announcements from the Federal Reserve and the Bank of England.
Read moreGreggs benefits from expanded range as interim profits rise
30th Jul 2024 07:42
(Sharecast News) - Bakery chain Greggs lifted its interim dividend on Tuesday as it reported a jump in profit and revenue as it benefited from an expanded food and drinks range.
Read moreLondon close: Stocks manage gains as unemployment rises
14th May 2024 16:40
(Sharecast News) - London stocks closed higher on Tuesday, as investors analysed the latest UK jobs data and remarks from Bank of England chief economist Huw Pill.
Read moreGreggs delivers decent growth but valuation remains full, says Shore Capital
14th May 2024 09:07
(Sharecast News) - Shore Capital has maintained a 'hold' rating on Greggs despite a strong start to the year from the bakery chain, saying that the shares look "up with events for now".
Read moreGreggs holds guidance as sales make strong start
14th May 2024 07:52
(Sharecast News) - UK bakery chain Greggs maintained full year earnings forecasts as underlying sales grew 7.4% in the first 19 weeks of this year in what it called a "challenging market".
Read moreBerenberg hikes target price on Greggs
26th Apr 2024 11:44
(Sharecast News) - Analysts at Berenberg raised their target price on bakery chain Greggs from 3,550.0p to 3,990.0p on Friday as it noted that customer appeal had broadened as its market share was expanding.
Read moreLondon close: Stocks finish mixed as US GDP growth slows
25th Apr 2024 15:14
(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.
Read moreGreggs hit by card payment outage
20th Mar 2024 09:15
(Sharecast News) - Bakery chain Greggs was facing disruptions in its operations on Wednesday morning, due to an IT issue impacting card payments.
Read moreGreggs makes strong start after delivering tasty 2023 profits
5th Mar 2024 07:08
(Sharecast News) - High Street bakery chain Greggs maintained guidance and said it had made a strong start to the current year after delivering a jump in 2023 profits as customers sought out its sausage rolls and doughnuts amid the cost-of-living crisis.
Read moreLondon close: Stocks rise on positive news from China
24th Jan 2024 16:31
(Sharecast News) - London markets finished with a positive performance on Wednesday, driven by gains in the mining sector following China's announcement of an upcoming reduction in the reserve requirement ratio for banks.
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