Greggs share price rises as baker shifts to more food-on-the-go July 1, 2014 Shares in bakery chain Greggs jumped 3.8 per cent yesterday after the company said it was expecting a forecast-beating 48 per cent surge in first-half profits, driven by its turnaround plan. Under chief executive Roger Whiteside, who joined last year, the company has been shifting away from its roots in the dwindling bread business and [...]
Analyst Views: What did you make of Greggs’ first-half pre-close statement? July 1, 2014 MARK HODGES | EDISON INVESTMENT RESEARCH We had an encouraging interim statement from Greggs. Sales comparables strengthened in the second half, but the company continues to expect to make solid progress, and the risk of further cost inflation is reducing. We continue to like the stock and have a fair value of 597p. DARREN SHIRLEY [...]
Housing data shows lending and price rises – London Report March 1, 2015 HOUSING data due this week is likely to show increases in both prices and the number of mortgages being taken out. Bank of England mortgage approval figures, out today, are forecast to show that the number of housing loans rose modestly for a second month running in January after falling for five successive months to [...]
The runners and riders to take over from Dalton Philips as CEO January 13, 2015 “EXPECT an ex-Tesco employee – there are plenty around,” one analyst joked yesterday when asked who would take over from Dalton Philips as Morrisons boss. After several management changes at Tesco over the last three years, there are certainly a few among the list of potential candidates. One of them is not Philip Clarke, who [...]
Barratt Developments and Taylor Wimpey join the FTSE 100 in quarterly shake-up December 3, 2014 Home-builders Barratt Developments and Taylor Wimpey will join the FTSE 100 index, replacing Petrofac and IMI, it has been announced today. The latter two have recently been hurt by crumbling commodity prices amid a global sell-off. Jimmy Choo, Allied Minds, CLS Holdings, Game Digital, Greggs and Spirit Pubs will join the FTSE 250. EnQuest, Fenner, [...]
Property firms Barratt Developments and Taylor Wimpey line up to join FTSE 100 as IMI and Petrofac drop out December 1, 2014 Two companies are on track to be promoted to the FTSE 100 this week as the UK’s main stock indices undergo a reshuffle. Residential property development companies Barratt Developments and Taylor Wimpey are both in line to be moved on to the FTSE 100 index from their current position on the FTSE 250. The FTSE 100 [...]
Dean Foods milks cost-cutting measures with profit forecast November 10, 2014 AMERICA’S largest milk processor Dean Foods yesterday forecast its first quarterly adjusted profit in a year, due to cost cuts and a steep fall in butterfat prices. The company’s shares surged 13.73 per cent to $16.40 – a three- month high. It also reported a smaller-than-expected adjusted loss for the third quarter. Dean Foods said [...]
Greggs soars as strategy shift boosts business January 9, 2014 HIGH street baker Greggs and FTSE 250 firm The Restaurant Group, owner of the Garfunkel’s and Frankie & Bennys chains, both saw their share prices boosted yesterday after reporting fourth quarter results that beat expectations. Greggs share price rose 10.6 per cent to 493p on news that its fourth quarter saw the first sales growth [...]
Festive bakes see Greggs return to growth January 9, 2014 Away from the plight of the FTSE 100 supermarkets, high street baker Greggs has returned to growth. The group saw like-for-like sales increase by 2.6 per cent in the fourth quarter. The company benefitted from strong trading over Christmas and New Year, with sales over the festive period up by 3.1 per cent. Greggs saw [...]
Britain’s biggest companies call on Westminster for fundamental business rates reform September 16, 2014 Some of Britain's biggest businesses including Marks & Spencer, Sainsbury's, Tesco, General Motors and Tata Steel have called on the government to rip up the current business rate regime claiming the current system is “a critical problem for all of British business”. The controversial tax delivers around £25bn to the Treasury every year, but [...]