May 9, 2018

Greggs shares sink 17% after cautious outlook

Shares in Greggs have taken a heavy blow after the high-street baker said the year had started on a slower footing due to chilly weather, and was unlikely immediately to improve, in a fresh sign of the stress engulfing British retailers. In a trading update, the stalwart purveyor of £2 breakfasts and sticky cakes, said that "Uncertainties over market footfall" had prompted caution over the rest of the year.

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