|Master Investor Magazine
Never miss an issue of Master Investor Magazine – sign-up now for free!
The price of shares in FTSE 250 bakery chain Greggs (LON:GRG) dropped 10.96% to 1,860.84p (as of 14:00 BST) after it published a trading update for the thirteen weeks to 28th September. The company said that sales for the quarter were up by 12.4%, which was slower than the 13.9% for the year to date, but management had expected a declining rate of improvement due to strong comparatives for the later parts of 2018.
The firm said that it was building stocks of key ingredients and equipment to mitigate the effects of any disruption linked to leaving the EU, but retained its existing guidance for the full year.
The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.
Book your FREE tickets today using code: MIBLOG