Greggs Shares News & Articles

Why investors are gobbling up Greggs’ shares as some analysts question growth pace sustainability

Profits this year from bakery food on-the-go retailer Greggs (GRG) are expected to be ‘materially higher’ than forecasts as like-for-like sales continue to accelerate. Partly boosted by positive publicity surrounding its vegan-friendly sausage rolls, the surprise trading update has sparked a fresh swathe of buying by investors, driving Greggs' share price more than 12.5% higher to a ...

Market report: Profit misses at HSBC and BHP although dividends maintained, Greggs soars on vegan lines

Dividends take centre stage in early trade on Tuesday as banking giant HSBC (HSBA) and mining group BHP Billiton (BHP) maintain payouts to investors, while hotels operator Intercontinental Hotels (IHG) ups its own shareholder hand out by 10%. HSBC continues to demonstrate what a profitable core business it has as it increasingly concentrates on Asia, posting a near 16% rise in pre-tax profit ...

Market report: Softcat’s purring as Christmas sales shocker hurts Sainsbury’s

London’s FTSE 100 advances by 64 points to 6,923, the blue chip benchmark now trading at its highest level since the start of December as the market does its best to climb out of a hole. Housebuilders, tobacco stocks, miners, engineers and retailers all look strong on Wednesday. Hopes of progress with US-China trade talks are certainly giving markets support, so too a lack of major shocks among ...

Market report: Thomas Cook axes dividend after second profit alert in three months

Holidays provider Thomas Cook (TCG) has issued its second profit warning in three months and axed its dividend as it struggles to against a slump in bookings. In September the sun and sea breaks operator blamed this year’s flaming hot summer weather for a cut to its full year underlying profit forecast, slashing guidance from £323m to £280m. Thomas Cook now expects underlying earnings ...

Market report: Greggs shocks with pizza-boosted recovery, Aviva turnaround man to leave

British baker Greggs (GRG) reported a 3.2% rise in like-for-like sales for the third quarter to 29 September, an improvement on its first half, thanks to drinks and pizza. The food outlet chain’s drinks range and new focaccia-style pizzas proved popular during a particularly hot summer. Sales at bakery chain Greggs grew over the summer, despite fears that the stores would see a drop off in ...
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