Rolling coverage of the latest economic and financial newsShares in Greggs have jumped by 7.5% at the start of trading after it announced a pick-up in sales, and plans to cut 740 jobs.Investors are cheered that Greggs now expects “a modestly improved outcome for 2026”.“Greggs served up a tasty trading update, with total sales growth accelerating to 7.7% over the third quarter.This was driven by more settled weather in recent months, alongside ongoing menu development and product innovation.
New store openings also played their part, with the group on track for 100-110 net openings this year, excluding 12 Express locations, making it easier for more customers to tuck into their freshly baked goods. Continue reading…