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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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01.10.24 - 10:42
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Greggs says it has no plans for more price rises as sales slow (The Guardian)
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Bakery chain's shares fall as it says outlook for 2025 is better than for this yearBusiness live – latest updatesThe boss of Britain's biggest bakery chain Greggs has said it has no plans for further price rises this year, as it reported a slowdown in sales in recent months.Its chief executive, Roisin Currie, said the company planned to hold its prices, as cost inflation is now expected to come in at the bottom end of the expected 4% to 5% range. Continue reading......
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30.07.24 - 09:42
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Greggs H1 Underlying Pre-tax Profit Rises (AFX)
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LONDON (dpa-AFX) - Greggs (GRG.L) reported first half profit before tax of 74.1 million pounds compared to 80.0 million pounds, last year. Earnings per share was 53.8 pence compared to 59.0 pence.......
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