Greggs honours Stormzy with first ever ‘black card’ February 20, 2020 Stormzy has become the first person to receive a Greggs black card, as part of the chain’s VIP service which it launched today. Ahead of his European tour, Greggs sent the rapper a black membership card with a pair of Greggs slippers. In a welcome video, broadcasted to Stormzy’s followers, the new concierge service boasts [...]
Greggs scraps dividend as all branches set to close due to coronavirus March 23, 2020 High street bakery chain Greggs has scrapped its dividend as it announced it will close its 2,050 branches across the UK due to coronavirus. The company, which suffered a 9.9 per cent drop in sales last week, said all of its stores will close at the end of the day tomorrow for up to three [...]
Bennett on Business: London listings and the Bank’s bitter Pill May 17, 2023 Neil Bennett discusses London's IPO problem, the Bank's chief economist and more in his fortnightly City A.M. column
By 2025, Greggs will look beyond vegan sausage rolls for growth March 3, 2020 Greggs will consider international expansion in the next five years to continue the strong growth it has achieved in the UK, the bakery chain said today as it reported record results for last year. Chief executive Roger Whiteside said the company had not started looking at options but it has acknowledged that global expansion may [...]
Soaring oil prices fuel London markets October 5, 2021 Soaring oil prices fuelled industrial megacaps this morning, pulling London markets away from yesterday’s losses. The capital’s premier index added 0.60 per cent to reach 7,052.75 points during the first couple hours of trading today. The likes of Shell and BP were boosted this morning by oil prices reaching a seven-year high, climbing above $80 [...]
Greggs releases vegan Steak Bake January 2, 2020 Bakery chain Greggs released its vegan Steak Bake to great fanfare today. The product was released in Newcastle last night, drawing long queues at the official launch. Read more: From Greggs to Franco Manca – Britain’s favourite restaurants revealed The new product is made from dairy-free pastry, meat alternative Quorn, onions and meat-free gravy. The [...]
Greggs gifts Stormzy VIP card to tap into younger market February 26, 2020 Last week high street bakery chain Greggs reached out to rapper Stormzy to reveal he was the first member of an exclusive “next-level VIP” service for its most famous fans. The invite-only VIP card, which was accompanied by a promotional video describing the benefits, allows users to order Greggs whenever and wherever they want. This [...]
Tinder owner’s pockets charred following $441m settlement with founders December 1, 2021 Match Group, the media titan behind Tinder, has agreed to fork out $441m to settle a lawsuit from the dating app’s founders. Co-founders Sean Rad and Justin Mateen claimed that they had been swindled out of a substantial amount of cash by Match, after they were bought out in 2017. The court battle began in 2018 when the [...]
Warner Music buys 300 Entertainment for $400m December 17, 2021 Warner Music has announced the purchase of 300 Entertainment, the label behind artists such as Megan Thee Stallion and Mary J. Blige. Even though both companies did not disclose the deal’s value, sources told Reuters it amounted to around $400m. “[Warner Music] is the perfect home for 300 artists and our team, as we invest [...]
Issa brothers’ EG Group sees fuel gross profit margins reduce slightly after war in Ukraine May 24, 2022 The Issa brothers’ EG Group has seen its fuel division’s gross profit margins slim slightly after Russia’s invasion of Ukraine. Across the firm’s fuel arm, gross profit hit $481m in the three months to 31 March, a 16 per cent increase compared to the first quarter of 2021. However, its gross profit margins were slightly [...]