City Moves for 7 October 2013 | Who’s switching jobs October 6, 2013 Bracewell & GiulianiThe law firm has announced the appointment of Olivia Caddy as a partner in its London office. Caddy specialises in oil and gas upstream debt financing, and joins from Herbert Smith Freehills. Grant ThorntonUsman Malik has been appointed as director of mergers and acquisitions at the advisory firm. He joined Grant Thornton in [...]
Boss at Punch trades pints for Greggs pasties January 24, 2013 PUNCH TAVERNS boss Roger Whiteside will give up happy hours for elevenses when he becomes the new chief executive of bakery chain Greggs next month. Whiteside, who has been a non-executive director at Greggs since 2008, will succeed Ken McMeikan on 4 February, the firm said yesterday. McMeikan, who drove the government to retreat on [...]
Letters to the Editor – 02/10 – Socialist Miliband, Italian election law, Best of Twitter October 1, 2013 Socialist Miliband [Re: The Tories are failing to find a market response to Ed Miliband’s anti-capitalism, yesterday] Ed Miliband will find it difficult to force a paradigm shift along the lines of Thatcher or Atlee. First, his policies are not revolutionary in themselves – even if the result would be incremental steps towards more state [...]
London Report: House prices set for high point as market surges October 6, 2013 HOUSE prices will be in the spotlight today, as the Royal Institution of Chartered Surveyors (RICS) house price index is released and the Help To Buy scheme kicks off nationally. Last month saw a seven-year high for the survey, leading RICS to call on the Bank of England to cap house price inflation at five [...]
Greggs appoints Punch Taverns head as new chief executive January 24, 2013 Bakery chain Greggs has appointed the chief executive of Punch Taverns as its new head, to take over from Ken McMeikan. Roger Whiteside, chief executive of the pub group, will take up the role with effect from 4 February. He has been a non-executive director of Greggs since 2008. Aside from Punch Taverns, Whiteside has [...]
Greggs blames weather and shorter days for flaky sales January 9, 2013 GREGGS chief executive Ken McMeikan said fewer trading hours and the miserable weather had caused the bakery chain’s like-for-like sales to fall 2.9 per cent in the five weeks to 7 January. The fact that two of the busiest trading days fell on Sundays, when shopping hours are restricted, dragged like-for-like sales down two per [...]
What does this mean for Greggs? December 10, 2012 CLIVE BLACK SHORE CAPITAL We cannot hide our disappointment for Greggs’ shareholders on the announcement of Mr. McMeikan’s resignation. With the inevitable uncertainty that a change of such a key position brings, we feels that it is right to downgrade our recommendation on Greggs’ stock from Buy to Hold. SANJAY VIDYARTHI ESPIRITO SANTO Greggs is [...]
Greggs chief to stand down December 10, 2012 Bakery chain Greggs this morning said that its chief executive Ken McMeikan is to stand down and take up the role of chief executive of catering firm Brakes Group. McMeikan, who will stay in his role until a successor is appointed, has headed up Greggs for four years. Derek Netherton, chairman of the bakery chain, [...]
Best of the Brokers for 30 July 2013 July 29, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com GREGGS Oriel has a “sell” rating and target of 340p in anticipation of disappointing first-half results for the high street baking chain on 6 August. The analysts believe that weak demand in a troubled half has led to falling trade, and have pencilled [...]
Greggs’ pasty tax rebel flakes away to Brakes December 10, 2012 PASTY shop Greggs yesterday began the search for a new chief executive after current boss Ken McMeikan, who led a rebellion against government proposals for a pasty tax, said he was quitting the business. McMeikan, who is credited with turning the high street Steak Bake maker from a small scale bakery into a thriving national [...]