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
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.
230 stories · page 7 of 12
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%
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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
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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
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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