Greggs puts 740 jobs at risk as baker braces for worse inflation Retail Greggs has announced a shakeup of its manufacturing processes which could lead to the closure of four factories and cost 740 jobs, as the baker warns of “greater inflationary pressures” across its business. The sausage roll seller told shareholders on Wednesday that it is consulting on a move to consolidate its manufacturing operations, which would [...]
Tesco and Boots lead 100,000 jobs pledge to tackle Neets crisis Retail Tesco, Boots and dozens of other retailers have pledged to create 100,000 new jobs in a bid to tackle the youth unemployment crisis, which they say is trapping young people in a “doom loop”. A group of top high street firms – which also includes Asda, John Lewis and Marks & Spencer – have joined [...]
Greggs eyes 3,500 sites – but its plans could prove to be flaky Retail Sausage roll titan Greggs is already a fixture of almost every British high street, but it’s not done yet. Felix Armstrong chews through its latest expansion plans As Brits jet off to Spain for their summer holidays this year, they will be met with a familiar sight as they touch down at Tenerife airport. Beloved [...]
On a roll: Greggs shares soar as it doubles down on aggressive expansion July 29, 2026 Shares in Greggs soared on Wednesday as the bakery chain said it plans to reach at least 3,500 stores in the UK after a jump in profit in the first half of the year. The sausage roll purveyor reported a 20 per cent boost in pre-tax profit to £76m in the six months to June, [...]
As it happened: Stocks reach all-time high; US fires back at ‘surprise’ Iran attacks July 29, 2026 Welcome back to the City AM FTSE 100 liveblog. It’s Wednesday and the UK’s blue-chip index surged in early trading to reach an all-time high, brushing off the latest outbreak of attacks in the Middle East. The FTSE 100 hit 10,945 on the market open, eclipsing the previous intraday record of 10,934, achieved in February on the [...]
As it happened: Ministers resign as gilt yields at 28-year high May 12, 2026 The Westminster political drama rocked the bond markets with gilt yields surging to a 28-year high. The yield on 30-year gilts surged 13 basis points on Tuesday to hit 5.8 per cent. It comes as nearly 80 Labour MPs have now called for the resignation of the Prime Minister and reports suggest numerous members of [...]
Chicken roll boosts sales but Greggs warns of food inflation May 12, 2026 Brits’ warm embrace of the new chicken sausage roll has helped boost turnover at Greggs, but the company warned it could be burnt by food inflation if the Iran war persists. Greggs’ share price jumped more than six per cent on Tuesday’s market open, to 1,618p, though the stock remained down three per cent in [...]
Octopus CMO Rebecca Dibb-Simkin: I was warned against joining an energy startup April 16, 2026 Octopus CMO Rebecca Dibb-Simkin takes us through her career, from being warned off energy startups to her love of Greggs chicken bakes.
Wizz Air pounced on by short sellers as Iran war knocks profits March 11, 2026 Budget airline Wizz Air has been hit by a flurry of short-selling after it issued a profit warning over disruption caused by the Iran war, making it the UK’s most shorted company. The Hungarian airline, which is listed on the FTSE 250, had 9.59 per cent short interest last month but this has soared to [...]
Estate agency Foxtons says ‘government-driven’ costs harming bottom line March 5, 2026 Leading estate agency Foxtons has hit out at the “strain” caused by national insurance and minimum wage hikes as it contends with a “challenging” market. The firm said “government-driven” pressures are harming its bottom line, as revenue growth was “offset” by increased external costs. The Labour government is facing increasing pressure from business to address [...]