FTSE 100 Live: Supermarket shares fall in trolley wars; M&S rises amid cyber recovery January 8, 2026 Good morning and welcome back to the City AM liveblog. The FTSE 100’s rally came crashing down yesterday as steep losses across commodities dragged the index into the red. Whilst one shouldn’t fret too much with the index still holding firm above its latest milestone, Wednesday’s 0.7 per cent drop still wiped over 70 points [...]
Bake-off: Ex-WH Smith finance chief withdraws from Greggs role after audit blunder November 19, 2025 The former finance chief of WH Smith will no longer take up a position on the board of Greggs after a damning audit report into the travel retailer revealed inconsistent accounting practices during his stint as finance boss. In a statement to investors on Wednesday, the high-street bakery confirmed that Robert Moorhead, who stepped down [...]
Business rates reform set to give boost to Greggs, B&M and Halfords September 1, 2025 The government’s proposed reform of business next year is set to give a boost to companies with a large number of small stores like Halfords, Curry’s and Dunelm, according to analysts. Despite significant backlash against the reform from large high street retailers, analysts at Panmure Liberum have suggested the move would, overall, be good for [...]
Greggs shuts 56 stores amid ‘challenging start’ to the year July 29, 2025 Greggs has shut more than 50 stores in the first half of 2025 after reporting a “challenging start” to the year. The number of closures without relocation is up 61 per cent compared to the same period last year, while the number of net new shops opening is down 40 per cent to 31, in [...]
Greggs: Have we finally reached ‘peak sausage roll’? July 2, 2025 Greggs share price took a battering this morning as investors shied away from the high street bakery after a disappointing sales update. While Greggs blamed the slowdown on hot weather reducing demand for steak bakes and sausage rolls, analysts have pointed to more serious underlying issues. The unexpected announcement was the latest in a string [...]
Greggs: Shares crater as sweltering June set to hit profit July 2, 2025 Greggs has said it expects to report lower annual profit than last year as scorching temperatures in June impacted sales. The company told markets this morning that total sales in the first half of the year grew 6.9 per cent to £1.3bn, although like-for-like sales grew just 2.6 per cent. Shares fell by more than [...]
Nationwide to Greggs: King’s honours list champions UK business leaders June 14, 2025 Entrepreneurs and company chiefs in tech, recruitment and banking have been recognised for their contributions to UK business in the King’s birthday honours. Microsoft UK boss Clare Barclay and ceramics founder Emma Bridgewater, dubbed the “queen of pottery”, received damehoods for services to business. Nationwide chief executive Debbie Crosbie, who led a £2.3bn takeover of [...]
Will Pret a Manger’s IPO be a tasty treat for the City? June 12, 2025 There are few better ways to start the morning than with a bacon sandwich. Outside City AM‘s offices on Cheapside, a coterie of cafes and sandwich shops open at 6am to sate City workers’ cravings for the greasy, umami-rich bap. There is often a line stretching out the door at Greggs, which charges £3 for [...]
Greggs gains momentum after lacklustre start to the year May 20, 2025 Greggs has reported an uptick in sales boosted by its expanded food and drink offering. Its share price rose six per cent as investors cheered the return to strong trading. The FTSE 250 company reported a 2.9 per cent increase in sales in the 20 weeks to May 17, an improvement from 1.7 per cent [...]
‘Sell’ Greggs shares analysts say after poor results March 4, 2025 High street bakery Greggs has reported a double-digit increase in sales for 2024, taking it past the £2bn sales milestone for the first time. However, its share price fell more than eight per cent in early trades, which analysts attributed to a slowdown in sales growth. “Profits are up but it’s not the stellar performance [...]