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29.07.25 - 11:36
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UK has not hit ′peak Greggs′, says CEO, as sales slow in heatwave (The Guardian)
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Bakery chain reports 14% drop in first-half profit as shoppers shun sausage rolls and pastries in hot weatherBusiness live – latest updatesThe boss of the UK's largest bakery chain has denied that Britain has reached “peak Greggs”, after reporting a drop in earnings as consumers lost their appetite for baked goods such as sausage rolls and pastries during recent spells of hot weather.Greggs, which operates 2,649 shops across the UK, notched up more than £1bn in sales in the first six months of the year for the first time, but its profits fell as it battled rising costs, lower footfall and more weather disruption than in 2024. Continue reading......
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20.05.25 - 10:48
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Greggs sales pick up as its mac and cheese goes viral (The Guardian)
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Bakery helped by new products including iced tea and pizza boxes after having raised prices earlier this year Business live – latest updatesSales at Greggs have picked up after the UK's biggest bakery chain branched out into iced drinks, pizza boxes and a macaroni cheese that has gone viral on social media.The bakery, which is headquartered in Newcastle upon Tyne, reported a 2.9% rise in comparable sales in the first 20 weeks of the year. Continue reading......
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20.05.25 - 09:24
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Greggs Plc 20-week Sales Improve (AFX)
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LONDON (dpa-AFX) - Greggs Plc (GRG.L), a British bakery chain, on Tuesday reported a rise in sales for the first 20 weeks of its current financial year.For the 20-week period to May 17, the compan......
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20.05.25 - 08:42
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China and Australia cut interest rates; Greggs sales improve as Mac and Cheese goes viral – business live (The Guardian)
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China cuts its benchmark lending rates for the first time since October, following Beijing's sweeping monetary easing measuresGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.China's and Australia's central banks have both cut interest rates to stimulate their economies and cushion the impact of US trade tariffs.The central bank is likely to switch to a wait-and-see approach in coming months unless external geopolitical risks deteriorate enough to extinguish hopes that the economy can stabilise.Inflation is in the target band and upside risks appear to have diminished as international developments are expected to weigh on the economy.The board assesses that this move will make monetary policy somewhat less restrictive. It nevertheless remains cautious about the outlook.9am BST: Bank of England chief economist Huw Pill speech10am BST: Eurozone construction output for March Continue reading......
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04.03.25 - 10:42
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Greggs blames slide in sales growth on bad weather and Britons cutting snacks (The Guardian)
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Bakery chain's shares fall after slowdown at start of year, when it also increased price of its sausage rollsBusiness live – latest updatesGreggs has recorded its worst sales growth since the pandemic, when it was forced to shut stores, amid poor weather at the start of 2025 and evidence shoppers are cutting back on snacks.Shares in Greggs slid more than 10% in early trading as the company reported that sales growth at established stores had softened to 1.7% in the nine weeks since late December, a further slowdown after the pace of growth more than halved to 2.5% in the previous quarter. Continue reading......
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09.01.25 - 11:24
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Greggs sales growth slows amid ′lower consumer confidence′ (The Guardian)
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Bakery chain says fewer shoppers on high streets over Christmas also to blame in 'more challenging market'Greggs, the UK's biggest bakery chain, has reported slowing sales growth over the festive period, blaming weakening consumer confidence and fewer shoppers on high streets.The company said its total sales rose by 11.3% to just over £2bn last year. Company-managed shops posted a 5.5% increase in sales at established outlets over the year. However, growth more than halved to 2.5% in the fourth quarter – the 13 weeks to 28 December – reflecting “more subdued” high street footfall. Continue reading......
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