Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,246.28
    +2,996.96 (+6.34%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

UK's Greggs to meet profit expectations after sales rise in Christmas quarter​

Reuters - UK Focus

LONDON, Jan 16 (Reuters) - British baker Greggs (Stuttgart: 41G1.SG - news) said on Tuesday it would meet its expectations for profit in 2017 as it reported a solid rise in sales over the Christmas quarter.

Greggs, which has transformed itself from a traditional bakery business into a food-on-the-go retailer, said company-managed shop like-for-like sales rose 3 percent in its fourth quarter to Dec (Shanghai: 600875.SS - news) . 30.

They had increased 5 percent in the third quarter but comparative numbers were tougher in the fourth.

The firm said its classic favourites, such as sausage rolls, remained popular, while there was also strong demand for seasonal products such as festive bakes and mince pies.

Greggs said it expected industry-wide cost pressures to continue in 2018, albeit at a lower level than that experienced in 2017. (Reporting by James Davey; editing by Kate Holton)