Greggs claims resilience amid weak consumer confidence
31st Jul 2018 09:39
(Sharecast News) - Greggs said its trading was resilient as the purveyor of sausage rolls and other "food on the go" reported profit down 7% in a first half clouded by bad weather and weak consumer spending.
Read moreGreggs sees FY slightly ahead of expectations after strong Christmas
17th Jan 2017 07:31
(ShareCast News) - FTSE 250 baker Greggs said on Tuesday that its full-year results are likely to be slightly ahead of previous expectations following particularly strong sales over the Christmas period. In the year to the end of December, total sales were up 7% while company-managed shop like-for-l
Read moreGreggs sales rise with healthier summer options
4th Oct 2016 07:30
(ShareCast News) - Bakery retail chain Greggs posted its third quarter trading update on Tuesday morning, with total sales up 5.6% for the 13 weeks to 1 October and like-for-like sales up 3.4%. The FTSE 250 firm said company-managed shop like-for-like sales were up 2.8% for the period, and confirmed
Read moreGreggs profit slips but interim dividend hiked, sales up
2nd Aug 2016 07:41
(ShareCast News) - Greggs posted a small drop in interim profit but lifted its dividend and announced an "encouraging start" to the second half of the year. For the 26 weeks ended 2 July, the bakery food-on-the-go retailer said pre-tax profit including exceptional charges nudged down to £25.4m from
Read moreJD Wetherspoon now selling takeaway coffee for 99p
18th May 2016 15:44
(ShareCast News) - Pub chain J D Wetherspoon began selling a new product on Wednesday - takeaway coffee. For the princely sum of 99p, caffeine-loving Brits can get their fix at any of the FTSE 100 company's 950 locations in a takeaway cup. The chain already serves coffee to dine-in customers, with
Read moreCourt tells Greggs to provide customer toilets
18th May 2016 15:40
(ShareCast News) - Takeaway food shops that provide seating areas could soon be forced to provide customer facilities, if a high court judgement becomes precedent. FTSE 250 bakery chain Greggs was told by Mr Justice Kerr that, because it provides seating for diners purchasing food and beverages, it
Read moreLondon pre-open: Stocks seen higher as oil advances, despite weak China data
9th May 2016 07:35
(ShareCast News) - London stocks were expected to open higher on Monday despite weak trade data from China, as oil prices advance. The FTSE 100 was seen opening 35 points firmer than Friday's close at 6,160. Data released earlier showed Chinese exports dropped 1.8% on the year in April versus expec
Read moreGreggs steams ahead in first quarter thanks to salads and breakfasts
9th May 2016 07:08
(ShareCast News) - With hot food in its belly, Greggs got off to a strong start of the year with a 5.7% rise in like-for-like sales in spite of the tepid conditions on British high streets. As the food-on-the-go group continues its investment programme, trading at its own stores rose 3.7% in the fir
Read moreInvestec upgrades Greggs and eyes 1,250p price
5th May 2016 15:04
(ShareCast News) - Investec initiated overage of Greggs with a 'buy' rating ahead of the fast-food group's first-quarter results next Monday. The broker said the near-three-year repositioning of the FTSE 250 company for the food-on-the-go FOTG market will continue to open up more long-term growth op
Read moreTuesday broker round-up
19th Apr 2016 13:51
(ShareCast News) - Telecom Plus: Berenberg downgrades to hold with a target price of 1000p and Finncap reiterates buy with a 1225p target. Greggs: Berenberg upgrades to hold with a target price of 1020p. Zoopla: Credit Suisse reiterates outperform with a target price of 340p. Plus500: Berenberg st
Read moreWednesday broker round-up
16th Mar 2016 15:55
(ShareCast News) - Hikma Pharmaceuticals: Panmure Gordon upgrades to buy with a target price of 2120p. Greggs: Berenberg upgrades to hold, 1020p target. Firestone Diamonds: Panmure Gordon reiterates buy with a target price of 27p and Finncap stays at buy with a target price of 51p. Cairn Energy: C
Read moreFTSE 250 movers: Three senior underwriters jump ship at Lancashire Holdings
1st Mar 2016 17:06
(ShareCast News) - Shares in Lancashire Holdings dropped to the bottom of the pile on Tuesday. After the close of trading in the previous session, the company said three more senior underwriters had jumped ship, close on the heels of the announced departure of John Hamblin, the CUO at Cathedral, in
Read moreGreggs steams higher on hot results and tasty investment plan
1st Mar 2016 09:18
(ShareCast News) - Greggs has serving up strong final results and said it was closing three of its 12 bakeries, in Twickenham, Edinburgh and Sleaford, as part of a new £100m investment programme to help it increase its outlets "substantially" beyond 2,000. After annual profits steamed 25% higher to
Read morePeel Hunt initiates Greggs at 'buy'
24th Feb 2016 09:23
(ShareCast News) - Peel Hunt initiated coverage of Greggs with a 'buy' rating and a 1,200p price target. The brokerage highlighted four key reasons underpinning its recommendation. It argued there was further growth to come from the reinvigoration of the product offering and freshening up of Gregg'
Read moreWednesday newspaper share tips: Market got Debenhams wrong
13th Jan 2016 10:57
(ShareCast News) - The Times' Tempus said on Wednesday that the market got Debenhams wrong, which has now delivered on its promises. On Tuesday the retailer reported solid Christmas trading, beating analysts' expectations. For the 19 weeks to 9 January, like-for-like sales were up 1.9%, comfortably
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