Greggs in festive boost January 11, 2012 Baker Greggs posted a rise in sales over the Christmas and New year trading period and forecast more growth in 2012. The Newcastle, North East England-based firm, which sells bread, sandwiches, savouries, cakes and pastries to over 6 million customers a week, said on Wednesday sales at stores open over a year rose 5.1 per [...]
Greggs boosted by mince pies January 11, 2012 Baker Greggs posted better-than-expected sales over the Christmas and new year period as shoppers snapped up record numbers of sweet mince pies, festive bakes and giant gingerbread men. The Newcastle-based firm, which also sells bread, sandwiches and to over 6m customers a week, said sales at stores open over a year jumped 5.1 per cent [...]
BEST of the BROKERS July 1, 2012 BMW UBS has upgraded the car firm from “neutral” to “buy” with an unchanged 12-month target price of €75. The broker has trimmed its earnings per share forecast for the year by five per cent, due to weakening markets. However, it thinks the firm is protected from some of the slump thanks to its exposure [...]
LONDON WEEK AHEAD August 5, 2012 UK economics will be in the sspotlight this week, with the rrelease of the Bank of England inflation report, UK Trade Balance, the Producer Price Index and BRC Retail Sales Monitor. Results are expected today from Catlin Group, Morgan Sindall and Telecity Group, while in the US Chesapeake Energy is set to reveal figures. EasyJet [...]
Osborne foiled over pasty tax May 28, 2012 GEORGE Osborne, the chancellor, was forced into another embarrassing U-turn last night as he watered down his controversial “pasty tax”. Osborne had hoped to iron out quirks in the tax system when he set out plans in his March Budget to extend VAT at 20 per cent to hot takeaway food – but failed to [...]
Subway heats up fight to toast the pasty tax June 10, 2012 SANDWICH chain Subway has launched a campaign to fight the chancellor’s decision to leave a new tax on hot sandwiches even after he scrapped it on pasties and hot pies. The company, which franchises outlets, thinks the new tax is unfair and will harm its business. Trevor Haynes, area development manager for Subway UK & [...]
CITY VIEWS | WHAT DO YOU MAKE OF THE PASTY TAX U-TURN? May 29, 2012 HOWARD WATT FIDELITY I bought a pasty from Greggs this morning and it did seem a little expensive, but it’s still much cheaper than a lot of the other food that is being sold in the City. I think booze and cigarettes should be taxed to encourage healthy lifestyles and pasties are quite fattening too. To [...]
ADVISERS ROTHSCHILD May 31, 2012 WARNER MANDEL GLOBAL HEAD OF MEDIA Logica was advised by a bumper team comprising Rothschild, Deutsche Bank and Bank of America Merrill Lynch. Heading the Rothschild group was Warner Mandel, global head of media and technology, who advised BT on the sale of Yell and Trinity Mirror on the sale of Racing Post. Mandel was joined [...]
Greggs rolls out to motorways October 20, 2011 GREGGS the bakers is planning to open new shops in motorway service stations as part of an ongoing expansion of the brand. It has sealed a deal with Moto Hospitality with the first trial store to open at a site in Cheshire. The company, the UK’s largest baker, will open up to 30 outlets to [...]
Greggs reports sales rise October 6, 2011 High street baker Greggs posted a slight acceleration in sales growth in its third-quarter, showing resilience in the face of severe macroeconomic headwinds. Greggs, which sells bread, sandwiches, savouries and cakes to over 6 million customers a week from 1,540 shops, said sales at stores open over a year rose 0.8 percent in the 13 [...]