|Bid||1,635.00 x 0|
|Ask||1,643.00 x 0|
|Day's range||1,632.00 - 1,644.00|
|52-week range||1,276.50 - 2,550.00|
|Beta (5Y monthly)||1.16|
|PE ratio (TTM)||19.31|
|Earnings date||03 Mar 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||16 Apr 2020|
|1y target est||1,340.00|
The Greggs share price is down but this business has a track record of beating expectations. Roland Head asks if now is the right time to buy.The post The Greggs share price is down 30%. Should you buy as lockdown ends? appeared first on The Motley Fool UK.
Over the past few years, FTSE 250 stock Greggs has been a great investment. I’m tempted to buy now for its recovery and growth potential.The post It’s a big day for FTSE 250 stock Greggs. Here’s why I’d buy appeared first on The Motley Fool UK.
The 2020 stock market recovery looks like it's on. I examine three very different shares I think will be winners by the end of the year.The post 3 shares I'd buy now for a 2020 stock market recovery appeared first on The Motley Fool UK.
Greggs, the high street bakery chain, is to start re-opening shops from this Thursday but with a series of curbs to its menu. The company, best-known for its sausage rolls, said 800 of its 2,050 UK stores would open their doors again to customers for takeaway only - days after COVID-19 restrictions covering non-essential retail outlets were relaxed in England. On top of social distancing measures, Greggs said that it would not accept cash payments and its product range would be limited to its best sellers.
(Bloomberg) -- Britons will soon be able to purchase hot Greggs Plc sausage rolls and go to movie theaters again, boosting shares of the bakery chain and cinema operator Cineworld Group Plc.Greggs will reopen around 800 shops to takeaway customers on Thursday, while Cineworld plans to lift the shutters on cinemas across some territories during the last week of June, with all theaters set to be open over the course of July. Both companies are implementing social distancing and other measures to counter the spread of coronavirus as part of their plans.Greggs shares rose as much as 5.5% on Tuesday, the biggest advancer in the FTSE 350 Food & Drug Retailers Index, while Cineworld climbed as much as 11%, outpacing Europe’s Stoxx 600 Travel & Leisure Index. Even after Tuesday’s gains, the stocks are still down 25% and 62%, respectively, in the year to date.The bakery chain said it isn’t able to predict the impact of social distancing on its ability to trade or on customer demand, and that capacity to operate will be restricted by shop size. The company warned of the need to expect that sales may be lower than normal for some time.“Social distancing will clearly impact trading,” Jefferies analyst Andrew Wade wrote in a note, while keeping his buy recommendation on the stock. “Despite the challenges facing the food-to-go sector in the near term, Greggs is better positioned than much of its competition.”Meanwhile, Cineworld’s reopening announcement comes after it scrapped plans to acquire Canada’s Cineplex Inc., which would have created the biggest operator of movie theaters in North America. The company said it has updated its booking system to ensure social distancing within and throughout auditoriums, adapted daily movie schedules to manage queues and avoid a build-up of crowds in lobbies, and enhanced cleanliness and sanitation procedures across all sites.While the reopening plan isn’t “new news” in the sense that Hollywood had re-scheduled key releases for mid-July onwards, “it’s reassuring to see Cineworld still thinks that will prove the case as we get closer to that time,” Berenberg analyst Owen Shirley wrote in an email. “Obviously it’s all completely contingent on government guidance changing at the right time too,” he said. The reopenings are part of a broader trend as governments ease restrictions put in place to slow the spread of the virus. Shoppers in England returned to stores on Monday for the first time since March, with many customers lining up outside popular retailers in and around London.“People are definitely ready to shop again,” Bernstein analyst Aneesha Sherman wrote in a note. “Even if you assume a dampening of the initial pent-up demand effect, this is very good news for store-based retail.”(Adds Berenberg analyst comment in 7th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Greggs confirmed when its stores will reopen on Thursday, but said dozens of branches faced closure for good this year.
Greggs <GRG.L> plans to reopen 800 shops this week, ending a near three month wait for Britons hankering to snack on one of the baker's sausage rolls and lifting its share price. The move by Greggs, also known for its steak bakes, vegan snacks and sweet treats, to open some of its doors on Thursday follows this week's reopening of non-essential retail in England. Greggs said on Tuesday it could not predict the impact of social distancing on its ability to trade or on demand.
(Bloomberg Opinion) -- Fancy a glass of Nosecco?The alcohol-free sparkling wine might not be to everyone’s taste, but its catchy name caused a fight between a French group and the Italian producers of Prosecco. The outcome could have implications for companies looking to ride the trend toward alcohol-free alternatives to traditional drinks and vegan offerings that strive to look and taste like meat and dairy products.While familiar packaged-food brands, such as Kraft macaroni and cheese and Nestle’s Hot Pockets, enjoyed a revival during the pandemic, the long-term prospects remain brighter for products that are perceived as healthier. Just look at the rise of the vegan sausage roll sold at Greggs Plc. Its arrival prompted the U.K. baker to upgrade its profit forecasts several times in 2019.In fact, with the unprecedented focus on health precipitated by the novel coronavirus outbreak, the opportunities for categories such as fake meat, fish and eggs may be even bigger. What happens in the Nosecco case could be a lesson for the upstarts.Nosecco has been sold in the U.K. since 2017, and Les Grands Chais de France, the country’s largest independent wine producer responsible for J.P. Chenet and Chemin des Papes wines, wanted to establish a trademark for it. It was challenged in 2018 by a consortium representing the northeast Italian region where Prosecco is produced, which said the name brought to mind the Italian wine, which is protected by European rules on origin.The French company argued the name was never meant to rival Prosecco in the U.K. Instead, it was chosen to capture the drink’s alcohol-free quality while playing on the fact that it wasn’t “sec,” or dry, like the Italian wine, but rather sweet. But the U.K.’s Intellectual Property Office found in favor of the Italian producers, deciding that in the minds of consumers the name Nosecco evoked the hugely popular Prosecco. There was a serious risk, it said, that consumers would believe the drink was in fact non-alcoholic Prosecco. Les Grands Chais de France is now appealing the decision in the High Court.The company is not alone in facing delicate marketing issues when it comes to new food categories. It has long been debated whether dairy alternatives can be classed as milk. In Sweden, that’s culminated in a “milk war” between the country’s dairy industry and Oatly, a Swedish manufacturer of oat milk. There’s no clear winner, but the skirmish doesn’t seem to have done Oatly any harm: Oat milk is hot around the world right now. In what could be a challenge to the rise of meat substitutes, some U.S. states, including Arkansas and Mississippi, have sought to restrict the use of terms such as burgers and dogs. (Mississippi now allows plant-based food makers to use some terms so long as they carry modifiers such as meat-free.)Naming battles will likely crop up between competing alternative-food makers, too. Just last week, Nestle SA, the world’s biggest food company, said it would rename its Incredible plant-based patties as the Sensational burger. The move came after a Dutch court upheld an injunction filed by Impossible Foods Inc., citing a trademark infringement. Nestle said it will appeal the ruling.What is clear is that producers of everything from lupin burgers to non-alcoholic gin must work hard to stand out. While there is huge growth to be had, the competition will be stiff. Traditional food companies and brewers are piling in, too. Drinks giant Diageo Plc last year acquired a majority stake in Seedlip, the non-alcoholic spirit maker.There is no doubt that Nosecco was a stroke of marketing genius. But it has ended up in a protracted legal wrangle. Amid the shifting landscape for alternatives, producers will need to be innovative and creative with their branding. The Vegetarian Butcher, the meat-substitute maker acquired by Unilever Plc in December 2018, is perhaps a good example. It’s not always easy to get the message across that a dish or drink is a vegan or non-alcoholic version of an old favorite, and in an appealing way, but marketers will need to dig deep. Otherwise, as Nosecco has shown, they could have a fight on their hands, and that’s not very appetizing for anyone.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
An important question for mid-cap investors right now is whether the current market uncertainty caused by Covid-19 will affect the share prices of companies li...
The Greggs and Whitbread share prices are in recovery mode today, but both still have a long journeys ahead.The post Will the Greggs share price and hotel operator Whitbread make you rich when lockdown ends? appeared first on The Motley Fool UK.
Starbucks Corp, Dunkin' Brands Group Inc, Peet's Coffee and British bakery-cafe chain Greggs PLC have been forced to rethink how to serve customers quickly while keeping staffers safe and still make enough money to operate. At Peet's Coffee, the U.S. chain owned by JDE Peet's, 191 of the 250 company-operated stores had reopened as of Thursday. "We moved all of the tables to the front of the store, blocking the entrance," said Mary Dusenbury, senior director of retail marketing at Peet's. Registers and chip readers were also moved to the front, so customers can perform their own credit-card transactions, with chip pads wiped down after each guest.
The UK bakery chain said it planned to reopen hundreds of outlets from the middle of June, nearly three months after it closed all 2,050 of its stores.
2020 has been a year of turmoil for stock market investors, with market volatility wiping out recent price gains. Fortunately, the dividends on offer from shar8230;
Shares in British baker and takeaway food group Greggs <GRG.L> tumbled as much as 7.3% on Friday after it reversed a decision to re-open some stores, leading analysts to question how it can successfully emerge from the country's coronavirus lockdown. All of Greggs' more than 2,050 shops have been closed since March 24 when Britain went on lockdown even though the government allowed takeaway outlets to stay open. Greggs - known for its sausage rolls and vegan snacks - had said it planned to reopen 20 shops in the Newcastle area of north-east England from next Monday in a trial to see if it could operate effectively with social distancing and other safety measures.
Greggs has postponed plans to reopen some of its stores next week over fears it could lead to crowds. Earlier this week, Greggs had said it planned to reopen 20 shops in the Newcastle area from next Monday in a trial to see if it can operate effectively with social distancing measures as the COVID-19 restrictions are eased. Greggs had hoped if the trial was successful it could move to phase two, with 700 shops reopening.
British baker and takeaway food group Greggs <GRG.L> - famed for its sausage rolls and vegan snacks - has changed its mind about reopening 20 shops next week, fearing crowds of customers could gather, it said on Thursday. All of Greggs' more than 2,050 shops have been closed since March 24 when Britain went on coronavirus lockdown even though the government allowed takeaway outlets to stay open. Greggs had said on Monday it planned to reopen 20 shops in the Newcastle, north east England, area from next Monday in a trial to see if it can operate effectively with social distancing measures as the lockdown is eased.
Shares in Greggs (LON:GRG) are currently trading at 1815.895 but the question for investors is how much the market chaos of 2020 will impact on its price. The8230;
British baker and takeaway food group Greggs <GRG.L> - famed for its sausage rolls and vegan snacks - plans to reopen 20 shops from next Monday in a trial to see it can operate effectively with social distancing measures as a coronavirus lockdown is eased. All of Greggs' more than 2,050 shops have been closed since March 24 when the lockdown started even though the government allowed takeaway outlets to stay open. "We want to play our part in getting the nation back up and running again so we are planning to conduct a limited trial with volunteers to explore how we can reopen our shops with new measures in place that keep our colleagues and customers as safe as we can when we re-open at scale," a Greggs spokeswoman said on Monday.
Greggs has announced plans to reopen 20 stores as part of a "controlled trial". The bakery chain - best known for its pasties, sausage rolls and newer vegan alternatives - says the outlets are going to reopen on 4 May. Greggs is the latest high street retailer to explore reopening its shops.
Today we'll look at Greggs plc (LON:GRG) and reflect on its potential as an investment. In particular, we'll consider...
British baker Greggs <GRG.L>, whose shops have been shuttered by the coronavirus emergency, has secured credit from a government support scheme to meet its liquidity needs for a prolonged closure period, it said on Thursday. Greggs has so far issued 150 million pounds ($186 million) of commercial paper with a duration of 11 months under the Bank of England's Covid Corporate Financing Facility (CCFF). Greggs had cash of 47 million pounds before receipt of the CCFF funding.
Earlier this month, Greggs warned that uncertainties over the potential impact of coronavirus were clouding its 2020 outlook, after a stellar 2019 that saw profit jump 27%. The company had increased its total dividend by 25.8% to 44.9 pence and even said it would consider payment of another special dividend at the time of its interim results, before a dramatic turn of events over COVID-19 prompted the dividend cancellation. Greggs, which has more than 2,050 outlets in the UK, said it does not expect a rise in year-on-year profit for the current fiscal.
The bakery chain Greggs said it needed to do more to help social distancing, and could not continue to operate on a takeaway-only basis.
To the annoyance of some shareholders, Greggs (LON:GRG) shares are down a considerable 37% in the last month. Even...