Greggs is on a roll as sales grow again October 6, 2011 HIGH street baker Greggs yesterday reported a rise in sales growth in the third quarter despite the squeeze on consumer spending. Like-for-like sales rose 0.8 per cent in the 13 weeks to 1 October, the company said in an interim management statement. That compares with a rise of 0.4 per cent in the first half [...]
FTSE falls as fear stalks markets May 16, 2012 Commodity stocks took a hammering this morning as investors ran for cover with the prospect of fresh Greek elections adding to the uncertainty stalking markets. The prospect of Greece exiting the Eurozone were mounting as the country struggles to avoid economic meltdown. But in positive UK news official figures showed a drop in the unemployment [...]
LONDON REPORT May 13, 2012 THIS week will see a string of stormy annual meetings, which will be closely watched for signs that the “shareholder spring” is taking hold. The market is also due to digest some key earnings reports on Thursday and Facebook’s long-awaited US float on Friday. However, today looks set to be relatively quiet on the corporate [...]
VAT hike on chicken and sausage rolls March 21, 2012 THOSE WHO enjoy tucking into supermarket rotisserie chicken, toasted sandwiches or sausage rolls bought on the high street may find they are about to pay more dearly after the chancellor clamped down on loopholes allowing shops to avoid paying VAT on hot food. From October, supermarkets and other retailers such as Greggs will be forced [...]
Goldman gives new position to Gregg Lemkau September 22, 2011 GOLDMAN Sachs yesterday appointed Gregg Lemkau as the bank’s new head of mergers and acquisitions in the EMEA and Asia Pacific region. The role is a new one for the bank, employees were informed yesterday. Lemkau has been the co-head of the bank’s top-ranking global technology, media and telecom group (TMT), where he has acted [...]
US corporate results round-up May 16, 2012 Deere & Co ups oulook DEERE & Co posted higher quarterly earnings and sales that topped estimates, and raised its full-year profit outlook yesterday on rising global demand for farm equipment. The US farm sector is booming on higher worldwide food demand and as biofuels help drive up crop production. Companies like Deere are benefiting [...]
Two youngsters leave Rangers March 6, 2012 FOOTBALL: Youngsters Gregg Wylde, 20, and Mervan Celik, 21, have left Rangers but the remaining squad members are in discussions with the club’s administrators over wage cuts. Wylde and Celik, a Sweden Under-21 star, have had their offers for voluntary redundancy with no pay-off accepted. Administrators Duff & Phelps have been meeting the squad in [...]
Osborne’s U-turn comes as UK celebrates tax freedom day May 28, 2012 CONGRATULATIONS: you’ve just started to work for yourself. Today is tax freedom day, the day when Britons stop working for the chancellor and start working for themselves. The Adam Smith Institute has calculated that for the first 149 days of the year, every penny earned by the average UK resident will be taken by the [...]
Osborne vows to think through tax impacts March 27, 2012 TREASURY forecasting does not take into account the fact that lower taxes mean people work harder and have more money to spend, although that could be set to change following proposals made by the chancellor yesterday. George Osborne told the Treasury Select Committee yesterday his department will consider using so-called “dynamic scoring” in a bid [...]
Greggs sales growth slows August 9, 2011 BAKERY chain Greggs has seen sales growth slow after a “challenging” first half, it said yesterday. The baker, known for its sausage rolls and steak bakes, recorded sales growth of just 0.4 per cent in the 26 weeks to 2 July, down from 0.8 per cent in the first 18 weeks of the year. But [...]