Breakfast helps fuel Greggs’ expansion March 18, 2010 BRITISH bakery chain Greggs has beat forecasts to post £48.8m in 2009 pre-tax profits. The company’s profits were up eight per cent on the £45.2m it made in 2008 and despite the downturn, total sales increased 4.8 per cent to £658m, with like-for-like sales up 0.8 per cent. The chain, known for its iced buns [...]
THE TIPSTER August 9, 2010 TOMORROW sees the latest interim results from FTSE 100 insurer Standard Life. Expectations are running high for a good performance with some market participants looking for underlying profits to have jumped ahead by 50 per cent in the first half of the year. After slipping to its worst levels in more than a year at [...]
Greggs in slim sales rise after mince pie bonanza January 12, 2010 BAKERY chain Greggs sold more than a million mince pies a week over the festive period helping to give it an overall sales lift. Comparative sales during the four weeks to December 26 grew 1.1 per cent with a “very strong performance” in the Christmas week with a 4.4 per cent improvement. But the company [...]
Mince pie bonanza over the festive season helps Greggs to increase sales January 13, 2010 PHENOMENAL demand for festive savoury bakes stoked a Christmas sales rise at baker Greggs although snow and sub-zero temperatures dented trade at the start of 2010. The firm, which sold more than a million mince pies each week over the festive period, yesterday said sales at stores open for more than a year increased 1.1 [...]
Australian mining magnate is missing June 20, 2010 AUSTRALIAN mining magnate Ken Talbot and all four other board members at Sundance Resources are missing after their plane disappeared in Cameroon on Saturday. Talbot, one of Australia’s richest men and non-executive director at Sundance, was one of nine people flying to the Republic of Congo, where Sundance has opened a major iron ore project. [...]
Greggs outlines store expansion plans as baguette sales increase October 20, 2009 Baker Greggs yesterday detailed plans to open 600 more stores, create 6,000 jobs, and upgrade its supply chain at a cost of up to £300m as it posted a rise in third-quarter sales. The firm, which sells sausage rolls, cakes and bread to over 6m customers a week from about 1,400 outlets, said it intended [...]
THE TIPSTER March 14, 2010 GREGGS, the bakery chain, has had stellar sales during the economic downturn, as their good value products have appealed to price-conscious consumers. Greggs announces its results later this week, and they should show strong profit growth. IG Index offers a June spread of 419.24p-424.24p. ARM Holdings has seen its share price rise steeply since the [...]
CITY OUT IN FORCE FOR MARATHON SUNDAY April 25, 2010 TENS of thousands of runners completed the London Marathon yesterday, braving 26 miles of light rain showers to get round the gruelling course. As usual, the business world’s athletic contingent did themselves proud in the race, including Sir Richard Branson, who made it round in just over five hours to celebrate Virgin’s first year sponsoring [...]
FLAKEY SALES FOR PASTY FIRM August 11, 2009 HIGH street baker Greggs yesterday said wet weather has dampened sales, and reported flat sales in the six weeks to 8 August. Previously, sales were up 1.5 per cent in the half year to 27 June. The sausage roll and pasty maker, which attracts 6m customers a week, said pre-tax profits were up 7.3 per [...]
The 10,000 mark means it’s time to short the Dow October 18, 2009 EQUITY bulls must have felt rather smug last week when the Dow Jones Industrial Average (DJIA) broke through 10,000 on the back of bumper profits from investment banks JPMorgan and Goldman Sachs. Good results from Google, Intel and IBM also added to the market optimism that has been fuelling the index’s meteoric rise. The third [...]