How business can fight back and win against opportunistic political attacks September 26, 2013 ED MILIBAND’S move against energy firms at this week’s Labour conference was the latest in a long line of political attacks on British businesses. Drinks firms, airlines, supermarkets, food retailers and, of course, banks have all been recent targets for politicians. This trend shows no sign of abating. It would be wrong to suggest that [...]
London Report: Carney’s first inflation report in the spotlight August 4, 2013 NEW Bank of England governor Mark Carney will take centre stage this week as he announces the latest Quarterly Inflation Report, plus plans to adopt forward guidance on interest rates for the first time. Forward guidance would give the bank’s Monetary Policy Committee (MPC) a third method of influencing the economy, alongside interest rates and [...]
An era-spanning masterpiece August 15, 2013 THEATRE THE PRIDE Trafalgar Studios | By Xenobe Purvis Four Stars ALEXI Kaye Campbell’s award-winning The Pride gets a powerful revival as part of Jamie Lloyd’s Trafalgar Transformed season at Trafalgar Studios. The play’s protagonists Oliver, Philip and Sylvia exist in two time periods, the 1950s and now, and respond to the social pressures encountered [...]
Greggs warns of continuing sales decline October 11, 2012 GREGGS warned yesterday that sales will continue to fall for the rest of the year as cash-strapped customers cut back further on their visits to the group’s bakery stores along with the dampening effect of poor weather conditions. The UK’s largest bakery chain posted 2.6 per cent fall in like-for-like sales in the 14 weeks [...]
Greggs warns of continuing sales decline October 11, 2012 GREGGS warned yesterday that sales will continue to fall for the rest of the year as cash-strapped customers cut back further on their visits to the group’s bakery stores along with the dampening effect of poor weather conditions. The UK’s largest bakery chain posted 2.6 per cent fall in like-for-like sales in the 14 weeks [...]
Analyst Views | Is Greggs taking enough measures to offset negative sales? October 11, 2012 DARREN SHIRLEY SHORE CAPITAL Despite ongoing challenges from the UK consumer, we continue to believe that Greggs’ medium-term multi-pronged growth strategy has considerable merit, with new stores, wholesaling and franchises offering long-term growth potential, underpinned by continued investment in manufacturing infrastructure. PHILIP DORGAN PANMURE GORDON Today’s statement is slightly disappointing, given the lack of a [...]
Greggs chair stands down from board September 13, 2012 HIGH street pasty seller Greggs was yesterday forced to launch a hunt for a new board member after long standing chairman Derek Netherton announced he would step down next year. Netherton, who has been Greggs chairman for the past ten years, will leave his role at the firm’s next company meeting, scheduled for May 2013. [...]
Greggs chair stands down from board September 13, 2012 HIGH street pasty seller Greggs was yesterday forced to launch a hunt for a new board member after long standing chairman Derek Netherton announced he would step down next year. Netherton, who has been Greggs chairman for the past ten years, will leave his role at the firm’s next company meeting, scheduled for May 2013. [...]
Greggs signs up to supply army with its pasties September 18, 2012 THE ADAGE that an army marches on its stomach was given new meaning by yesterday’s announcement that Greggs the bakery chain will be supplying the British armed forces with a selection of its Cornish pasties, sausage rolls and steak bakes. The FTSE 250 firm has signed a trial deal with forces caterer NAAFI to supply [...]
Greggs blames rain for its fall August 7, 2012 BRITAIN’S largest bakery chain Greggs yesterday blamed “record levels of rainfall” after like-for-like sales for the first half of 2012 fell 2.4 per cent. The group pushed ahead with 33 store openings during the period, pushing total sales 4.5 per cent higher to £350m in the six months to 30 June. Pre-tax profit fell 4.5 [...]