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| Date/Time | Headline | Source |
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| Thu 18:07 | RNS |
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RNS Number : 8192C Greggs PLC 19 November 2009 Financial Services Authority
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
Other (please specify):
notification obligation:
(if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:
reached:
8. Notified details:
A: Voting rights attached to shares
if possible using
the ISIN CODE
FD - ordinary 2p shares
FN - ordinary 2p shares
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Total (A+B+C)
FN - 2,954,340 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Proxy Voting:
to hold:
voting rights:
13. Additional information:
This information is provided by RNS The company news service from the London Stock Exchange END
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| Thu 10:24 | RNS |
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RNS Number : 7662C Greggs PLC 19 November 2009 Financial Services Authority TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
of existing shares to which voting rights are attached:
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):
notification obligation:
5. Date of the transaction and date on which the threshold is crossed or reached:
reached: 8. Notified details:
A: Voting rights attached to shares
if possible using
the ISIN CODE
GBP 0.02
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Legal & General Group Plc (Direct and Indirect) (Group) Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) Legal & General Investment Management Limited (Indirect) (LGIM) Legal & General Group Plc (Direct) (L&G) (4,107,434 -3.94 % = LGAS, LGPL & PMC)
Management (Holdings) Limited (Direct) (LGIH)
(Direct) (LGIMHD) (3,786,384
-3.64 % = PMC)
(PMC) (3,786,384 -3.64 % = PMC)
(LGPL)
Proxy Voting:
N/A
to hold: N/A
voting rights: N/A
13. Additional information:
020 3124 3851 This information is provided by RNS The company news service from the London Stock Exchange END
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| Tue 07:04 | RNS |
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RNS Number : 5954C Greggs PLC 17 November 2009
17 November 2009 GREGGS plc
BAKERY AND STORE VISIT Greggs plc is today hosting a visit to their Manchester bakery for sell-side analysts and investors. The visit will also include some shop units and a presentation by management. No trading update will be provided and no new material information will be disclosed during the event.
ENQUIRIES:
Richard Hutton, Finance Director Tel: 020 7796 4133
This information is provided by RNS The company news service from the London Stock Exchange END
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| 12-11-09 | RNS |
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RNS Number : 4382C Greggs PLC 12 November 2009
REPLACEMENT FOR THE SECOND ANNOUNCEMENT MADE FOR RICHARD HUTTON ON 10 NOVEMBER 2009
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS 1. Name of the issuer
GREGGS PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; (ii) a disclosure made in accordance with LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006) (i) 3. Name of person discharging managerial responsibilities/director
RAYMOND REYNOLDS 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest 3 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY £0.02 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
RAYMOND REYNOLDS 8 State the nature of the transaction
EXERCISE OF OPTION 9. Number of shares, debentures or financial instruments relating to shares acquired 450 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.0004% 11. Number of shares, debentures or financial instruments relating to shares disposed
N/A 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A 13. Price per share or value of transaction £1,670.85 14. Date and place of transaction
9 NOVEMBER 2009 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 43730 SHARES (0.04%) 16. Date issuer informed of transaction
9 NOVEMBER 2009 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes: 17 Date of grant
N/A 18. Period during which or date on which exercisable
N/A 19. Total amount paid (if any) for grant of the option
N/A 20. Description of shares or debentures involved (class and number)
N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A 22. Total number of shares or debentures over which options held following notification
N/A 23. Any additional information
N/A 24. Name of contact and telephone number for queries Name of authorised official of issuer responsible for making notification
ANDREW DAVISON
COMPANY SECRETARY
GREGGS PLC TEL: 0191 211 7950 Date 10 NOVEMBER 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 12-11-09 | AFX UK Focus |
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The Times
BMI STRUGGLES TO GET SALE OF LANDING SLOTS OFF THE GROUND British Midland could struggle to raise the 95 million pounds needed to keep flying due to a lack of potential buyers for its landing slots at Heathrow. The slots normally change hands for tens of millions of dollars each, but many of the world's top airlines, including British Airways and Virgin Atlantic, are not interested. Speculation from analysts points to possible interest from an Asian carrier, but only at a bargain price. BMI needs to raise 190 million pounds by the end of October 2010 in order to survive.
RUSH TO SWAP DEBT FOR EQUITY PROMPTS LLOYDS TO CONSIDER RAISING 1.5 BILLION MORE Lloyds Banking Group said it may increase its capital-raising by 1.5 billion pounds due to a high level of interest from investors. The increase to 22.5 billion pounds would see investors converting their tier 1 and tier 2 debt into new "contingent capital", a move that analysts estimate will cost the bank between 100 and 300 million pounds extra a year to pay the coupon. Lloyds is still targeting 13.5 billion pounds through a conventional rights issue that will be priced on Nov. 24.
REGULATOR COULD FORCE BT'S RIVALS TO HELP CARRY BURDEN OF
ITS SIX BILLION POUND PENSION DEFICIT Ofcom is to carry out an investigation into British Telecom's pensions costs to see if it should take them into account when billing rivals to use its network. If the move is approved the costs could be passed on to customers of groups such as Carphone Warehouse and Cable & Wireless. BT will release second-quarter figures on Thursday that are expected to show its pension deficit has narrowed to about six billion pounds, from eight billion pounds in June. Profits for the three months to September 30 are expected to fall to 236 million pounds . The Daily Telegraph
MORE THAN 100 JOBS TO GO AT GUARDIAN Guardian Media Group, which owns The Guardian and The Observer newspapers, has announced a review encompassing "more than 100" job cuts. Alan Rusbridger, the Guardian's editor-in-chief, told staff on Wednesday that "nine out of 10 people will still be here at the end of the review", but that cuts needed to be made. The company forecasts that newspaper revenues will fall by 33 million pounds in the current financial year. However, Guardian Media Group chief executive Carolyn McCall said "We have not, and will not, cut journalism that is fundamental to our core purpose and values."
NECTAR FINANCES HIT BY OWN SUCCESS Nectar card owner Loyalty Management UK revealed a 28.5 million pound loss after recalculating predictions about how many customers would redeem loyalty points on the card. The recalculation, which includes a 27 million pound provision and which was undertaken after LMUK's owner Groupe Aeroplan brought in a new financial model, concerns points issued before October 2007. LMUK's chief financial officer, Mark Grafton, said the recalculation did not indicate that shoppers were redeeming more points in the recession.
PROPERTY HELPS ADVERTISING DECLINE TO SLOW AT JOHNSTON John Fry, the chief executive of Johnston Press, has said that a downturn in recruitment advertising has been offset by improved property advertising sales. The regional newspaper owner's advertising sales are now down 22 percent on last year, compared with 33 percent on last year in the first six months of 2009. Mr Fry said that the results showed improved stability, but that there were no guarantees that the advertising slump had ended. Johnston is now confident of meeting market expectations for 2009 by delivering an operating profit of about 62 million pounds. The Independent
SAINSBURY'S BOSS WARNS AGAINST VAT ON FOOD AS PROFITS JUMP Justin King, the chief executive of Sainsbury's, has said that the next government could hurt Britain's poorest people if it imposes VAT on food sales. Last week, Sir Stuart Rose, the executive chairman of Marks and Spencer, said that VAT may have to increase to 20 percent by the next government. King made his remarks after revealing an 18.5 per cent rise in underlying half-year pre-tax profits to 307 million pounds. The increase in profits comes after Sainsbury's non-food lines performed strongly and shoppers spent more than average.
GREGGS LOOKS AT THRESHERS' STORES TO DRIVE EXPANSION Bakery chain Greggs is considering buying around 100 shops formerly owned by First Quench Retailing, the owner of Threshers which went into administration last month. Greggs' chief executive Ken McMeikan said that he was looking to acquire under 10 percent of FQR's estate, and that the figure could yet be reduced if outlets were unsuitable. Greggs plans to open more than 600 shops in the medium term. First Quench Retailing has an estate made up of 1200 properties, and five main bidders are said to be interested.
US DRUGS BOARD APPROVES GSK'S SWINE FLU VACCINE GlaxoSmithKline is set to ship 7.6 million doses of its swine flu vaccine to America after the U.S. Food and Drug Administration approved the treatment. GSK now needs to provide the FDA with information about an outside contractor that fills vials for the company, but has confirmed that the vaccine will be ready by the end of the year. The vaccine is not the same as GSK's Pandemrix treatment. GSK declined to comment on how much the US will pay for the vaccine, but is understood to charge clients based on a sliding scale, with developed countries at the top.
REED ELSEVIER CHIEF LEAVES AFTER EIGHT MONTHS Ian Smith, the chief executive of Reed Elsevier, has resigned after just eight months in the job. He is expected to receive a payout between 1.1 million and 1.5 million pounds if he fails to find a new post within the next year. The company denied a boardroom split and said it was mutually agreed that Mr Smith was not the right man to head the company in the current economic climate. Mr Smith had no previous experience of running a media business when he was appointed in March. SCOTTISH & SOUTHERN SEES SHARP RISE IN PROFITS Scottish & Southern Energy reported a 36 per cent rise in profits to 410.5 million pounds, but said it could not promise any price cuts. The company, which owns Southern Electric, Swalec and Scottish Hydro Electric and has nine million customers, said its main gas supply business traded at a loss in the half year, and that higher annual wholesale prices and increasing distribution and environmental costs put extra pressure on the business.
360 MILLION POUND NATIONAL EXPRESS CASH CALL GOES AHEAD National Express has announced a 360 million pound rights issue without the support of the Cosmen family, its largest shareholder with an 18 percent share. The cash call is fully underwritten and supported by institutional shareholders including M&G, its second largest shareholder with a stake of 12.5 per cent. The Cosmen family said it was "not in the best interests" of the company and breached the limit it was willing to pay. If the family fail to subscribe they will lose their right to a seat on the board as their shareholding would be diluted to about 5.6 percent.
Prepared for Reuters by Durrants
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 11-11-09 | RNS |
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RNS Number : 3714C Greggs PLC 11 November 2009 Financial Services Authority TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
of existing shares to which voting rights are attached:
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):
4. Full name of shareholder(s)
(if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:
reached: 8. Notified details:
A: Voting rights attached to shares
if possible using
the ISIN CODE
GBP 0.02
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Proxy Voting:
to hold:
voting rights:
13. Additional information: Notification using the total voting rights figure of 103,990,470
This information is provided by RNS The company news service from the London Stock Exchange END
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| 11-11-09 | RNS |
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RNS Number : 3703C Greggs PLC 11 November 2009
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS 1. Name of the issuer
GREGGS PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; (ii) a disclosure made in accordance with LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006) (i) 3. Name of person discharging managerial responsibilities/director KENNEDY McMEIKAN 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest 3 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY £0.02 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them KENNEDY McMEIKAN 8 State the nature of the transaction
PURCHASE OF SHARES 9. Number of shares, debentures or financial instruments relating to shares acquired 4,700 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.005% 11. Number of shares, debentures or financial instruments relating to shares disposed
N/A 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A 13. Price per share or value of transaction £20,034.69 TOTAL VALUE OF TRANSACTION 14. Date and place of transaction
11 NOVEMBER 2009 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 57,860 SHARES (0.06%) 16. Date issuer informed of transaction 11 November 2009 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes: 17 Date of grant
N/A 18. Period during which or date on which exercisable
N/A 19. Total amount paid (if any) for grant of the option
N/A 20. Description of shares or debentures involved (class and number)
N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A 22. Total number of shares or debentures over which options held following notification
N/A 23. Any additional information
N/A 24. Name of contact and telephone number for queries Name of authorised official of issuer responsible for making notification
ANDREW DAVISON
COMPANY SECRETARY
GREGGS PLC TEL: 0191 211 7950 Date 11 NOVEMBER 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 10-11-09 | RNS |
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RNS Number : 2855C Greggs PLC 10 November 2009
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS 1. Name of the issuer
GREGGS PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; (ii) a disclosure made in accordance with LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006) (i) 3. Name of person discharging managerial responsibilities/director
RICHARD HUTTON 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest 3 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY £0.02 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
RICHARD HUTTON 8 State the nature of the transaction
EXERCISE OF OPTION 9. Number of shares, debentures or financial instruments relating to shares acquired 450 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.0004% 11. Number of shares, debentures or financial instruments relating to shares disposed
N/A 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A 13. Price per share or value of transaction £1,670.85 14. Date and place of transaction
2 NOVEMBER 2009 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 23,780 SHARES (0.02%) 16. Date issuer informed of transaction
9 NOVEMBER 2009 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes: 17 Date of grant
N/A 18. Period during which or date on which exercisable
N/A 19. Total amount paid (if any) for grant of the option
N/A 20. Description of shares or debentures involved (class and number)
N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A 22. Total number of shares or debentures over which options held following notification
N/A 23. Any additional information
N/A 24. Name of contact and telephone number for queries Name of authorised official of issuer responsible for making notification
ANDREW DAVISON
COMPANY SECRETARY
GREGGS PLC TEL: 0191 211 7950 Date 10 NOVEMBER 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 10-11-09 | RNS |
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RNS Number : 2854C Greggs PLC 10 November 2009
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS 1. Name of the issuer
GREGGS PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; (ii) a disclosure made in accordance with LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006) (i) 3. Name of person discharging managerial responsibilities/director
RICHARD HUTTON 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest 3 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY £0.02 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
RICHARD HUTTON 8 State the nature of the transaction
EXERCISE OF OPTION 9. Number of shares, debentures or financial instruments relating to shares acquired 450 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.0004% 11. Number of shares, debentures or financial instruments relating to shares disposed
N/A 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A 13. Price per share or value of transaction £1,670.85 14. Date and place of transaction
2 NOVEMBER 2009 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 23,780 SHARES (0.02%) 16. Date issuer informed of transaction
9 NOVEMBER 2009 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes: 17 Date of grant
N/A 18. Period during which or date on which exercisable
N/A 19. Total amount paid (if any) for grant of the option
N/A 20. Description of shares or debentures involved (class and number)
N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A 22. Total number of shares or debentures over which options held following notification
N/A 23. Any additional information
N/A 24. Name of contact and telephone number for queries Name of authorised official of issuer responsible for making notification
ANDREW DAVISON
COMPANY SECRETARY
GREGGS PLC TEL: 0191 211 7950 Date 10 NOVEMBER 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 10-11-09 | RNS |
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RNS Number : 2751C Greggs PLC 10 November 2009
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS 1. Name of the issuer
GREGGS PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; (ii) a disclosure made in accordance with LR 9.8.6R(1); or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006) (i) 3. Name of person discharging managerial responsibilities/director
DEREK NETHERTON 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest 3 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY £0.02 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
DEREK NETHERTON 8 State the nature of the transaction
SALE FROM ONE HOLDING AND PURCHASE INTO ANOTHER HOLDING 9. Number of shares, debentures or financial instruments relating to shares acquired 10,000 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.01% 11. Number of shares, debentures or financial instruments relating to shares disposed 10,000 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 0.01% 13. Price per share or value of transaction SALE AT 432p PER SHARE PURCHASE AT 432.3p PER SHARE 14. Date and place of transaction
9 NOVEMBER 2009 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 10,000 SHARES (0.01%) 16. Date issuer informed of transaction 9 November 2009 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes: 17 Date of grant
N/A 18. Period during which or date on which exercisable
N/A 19. Total amount paid (if any) for grant of the option
N/A 20. Description of shares or debentures involved (class and number)
N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
N/A 22. Total number of shares or debentures over which options held following notification
N/A 23. Any additional information
N/A 24. Name of contact and telephone number for queries Name of authorised official of issuer responsible for making notification
ANDREW DAVISON
COMPANY SECRETARY
GREGGS PLC TEL: 0191 211 7950 Date 10 NOVEMBER 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 04-11-09 | RNS |
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RNS Number : 9834B Greggs PLC 04 November 2009 Financial Services Authority TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
of existing shares to which voting rights are attached:
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):
notification obligation:
5. Date of the transaction and date on which the threshold is crossed or reached:
reached: 8. Notified details:
A: Voting rights attached to shares
if possible using
the ISIN CODE
GBP 0.02
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Legal & General Group Plc (Direct and Indirect)
(Group)
Legal & General Investment Management (Holdings)
Limited (LGIMH) (Direct and Indirect)
Legal & General Investment Management Limited
(Indirect) (LGIM)
Legal & General Group Plc (Direct) (L&G) (4,331,296 - 4.16 % = LGAS, LGPL
Management (Holdings) Limited (Direct) (LGIH)
(Direct) (LGIMHD) (4,010,246 -
3.85 % = PMC)
(PMC) (4,010,246 - 3.85 % = PMC)
(LGPL)
Proxy Voting:
N/A
to hold: N/A
voting rights: N/A
13. Additional information:
020 3124 3851 This information is provided by RNS The company news service from the London Stock Exchange END
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| 21-10-09 | AFX UK Focus |
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HIGH STREET DISCOUNTS HIT WEB SALES According to a study by IMRG, which represents online retailers, and Capgemini, the IT services company, discounting by retailers on the high street is eating into the growth in online spending. Internet sales rose by 1.9 per cent between August and September, the lowest monthly growth recorded since the launch of the survey in 2000. Capgemini's head of retail, Chris Webster, said, "This is the lowest growth we have seen, for two main reasons: people weren't buying their seen, for two main reasons: people weren't buying their autumn/winter clothes because September was so warm; and because of promotional activity on the high street."
HARMAN VOWS TO END MEN-ONLY BOARDS Harriett Harman told MPs at a Commons Treasury Committee inquiry into sexism in the City that the government would have to look at measures to combat the 'nightmare' of men-only boards at City companies if businesses fail to take action voluntarily. The women's minister said that she hoped Sir David Walker's review of corporate governance, due to be published next month, would promote gender equality in the board room as an important factor in risk management.
KING CALLS FOR BANKS' FUNCTIONS TO BE SPLIT On Tuesday, Bank of England governor Mervyn King called for the splitting of banks into separate utility companies and risky ventures in order to prevent their becoming "too important too fail". The call for a break-up places King in opposition to the Treasury and the Financial Services Authority, which have both specifically rejected the idea of breaking up banks. International regulatory trends are also geared towards raising the quantity and quality of capital at financial institutions rather than breaking them up.
INCHCAPE RAISES FORECAST AFTER SCRAPPAGE DEALS In its third quarter trading statement, Inchcape said that its full year results will be "significantly better" than expected, although the car dealer cautioned that the market looked less robust going into 2010. For the three months to September 30, turnover fell 13.4 per cent compared with the same period last year. However, this represented a 2.2 per cent increase on figures for the second quarter, indicating that the market may be bottoming out.
HEYWOOD'S RESTRUCTURING HOPES LEFT IN TATTERS On Tuesday, Heywood Williams entered into a pre-pack administration agreement. Under the terms of the pre-pack, 80 per cent of the building products manufacturer will be owned by the company's lenders - who in return will write off 40 per cent of the company's debt claims. The agreement will also see the company provided with six million pounds in fresh funding, 10 per cent of which will be contributed by Heywood's directors and 10 per cent from the company's 1,000 employees.
GREGGS PLOTS BOLD EXPANSION Greggs has announced plans to increase the company's current rate of expansion by opening 600 new stores over the next few years. The bakery chain expects to spend up to 300 million pounds on expansion in the next five years, financing the investment through cash. Like-for-like sales at the company rose 0.2 per cent during the 16 weeks to October 17, in line with management expectations but slightly below some analysts' forecasts. QATARIS SELL 3.5 PER CENT STAKE IN BARCLAYS FOR 1.4 BILLION POUNDS Qatar Holding, Barclays' biggest shareholder, sold a 3.5 per cent stake in the bank on Tuesday in a deal worth 1.4 billion pounds. The Qataris made a 615 million pound profit on the deal and may use the funds to increase their 26 per cent stake in UK supermarket group J Sainsbury. Credit Suisse placed 379 million Barclays shares in the market at 360 pence, a six per cent discount on Monday's closing price. Shares closed down almost five per cent at 363.75 pence.
PRUDENTIAL CONSIDERS SEPARATE ASIA LISTING UK insurer Prudential is thought to be conducting a preliminary assessment of the likely benefits of a separate listing in Shanghai or Hong Kong. The firm saw strong demand for a 750 million dollar hybrid capital raising in Asia this year and a listing could be used to raise capital to further the bank's ambitions in the region. HSBC is expected to be the first foreign company to list in Shanghai after regulations are reformed next year.
CADBURY BRACED FOR KEY UPDATE A third-quarter trading update from Cadbury is expected to show strong top-line sales growth. Analysts believe that Cadbury will use the Wednesday update to bolster its defence case against Kraft, which has until November 9 to submit a bid for the confectioner. Bernstein Research analyst Andrew Wood believes that Cadbury could highlight its value as a standalone group by raising its guidance on full-year organic revenue to the "middle" of the four-to-six per cent range.
PEARSON RAISES FULL-YEAR GUIDANCE Pearson, owner of the Financial Times, raised its full-year earnings guidance on Tuesday after its education business showed "substantial" growth in digital services. Sales for the nine months to September were up 20 per cent, or two per cent at constant exchange rates. Operating profit for the period was up 19 per cent, three per cent at constant rates. Pearson revised its forecast for full-year adjusted earnings per share from the 57.7 pence predicted in July to "at or above 60 pence per share".
Prepared for Reuters by Durrants
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 21-10-09 | AFX UK Focus |
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HIGH STREET DISCOUNTS HIT WEB SALES According to a study by IMRG, which represents online retailers, and Capgemini, the IT services company, discounting by retailers on the high street is eating into the growth in online spending. Internet sales rose by 1.9 per cent between August and September, the lowest monthly growth recorded since the launch of the survey in 2000. Capgemini's head of retail, Chris Webster, said, "This is the lowest growth we have seen, for two main reasons: people weren't buying their seen, for two main reasons: people weren't buying their autumn/winter clothes because September was so warm; and because of promotional activity on the high street."
HARMAN VOWS TO END MEN-ONLY BOARDS Harriett Harman told MPs at a Commons Treasury Committee inquiry into sexism in the City that the government would have to look at measures to combat the 'nightmare' of men-only boards at City companies if businesses fail to take action voluntarily. The women's minister said that she hoped Sir David Walker's review of corporate governance, due to be published next month, would promote gender equality in the board room as an important factor in risk management.
KING CALLS FOR BANKS' FUNCTIONS TO BE SPLIT On Tuesday, Bank of England governor Mervyn King called for the splitting of banks into separate utility companies and risky ventures in order to prevent their becoming "too important too fail". The call for a break-up places King in opposition to the Treasury and the Financial Services Authority, which have both specifically rejected the idea of breaking up banks. International regulatory trends are also geared towards raising the quantity and quality of capital at financial institutions rather than breaking them up.
INCHCAPE RAISES FORECAST AFTER SCRAPPAGE DEALS In its third quarter trading statement, Inchcape said that its full year results will be "significantly better" than expected, although the car dealer cautioned that the market looked less robust going into 2010. For the three months to September 30, turnover fell 13.4 per cent compared with the same period last year. However, this represented a 2.2 per cent increase on figures for the second quarter, indicating that the market may be bottoming out.
HEYWOOD'S RESTRUCTURING HOPES LEFT IN TATTERS On Tuesday, Heywood Williams entered into a pre-pack administration agreement. Under the terms of the pre-pack, 80 per cent of the building products manufacturer will be owned by the company's lenders - who in return will write off 40 per cent of the company's debt claims. The agreement will also see the company provided with six million pounds in fresh funding, 10 per cent of which will be contributed by Heywood's directors and 10 per cent from the company's 1,000 employees.
GREGGS PLOTS BOLD EXPANSION Greggs has announced plans to increase the company's current rate of expansion by opening 600 new stores over the next few years. The bakery chain expects to spend up to 300 million pounds on expansion in the next five years, financing the investment through cash. Like-for-like sales at the company rose 0.2 per cent during the 16 weeks to October 17, in line with management expectations but slightly below some analysts' forecasts. QATARIS SELL 3.5 PER CENT STAKE IN BARCLAYS FOR 1.4 BILLION POUNDS Qatar Holding, Barclays' biggest shareholder, sold a 3.5 per cent stake in the bank on Tuesday in a deal worth 1.4 billion pounds. The Qataris made a 615 million pound profit on the deal and may use the funds to increase their 26 per cent stake in UK supermarket group J Sainsbury. Credit Suisse placed 379 million Barclays shares in the market at 360 pence, a six per cent discount on Monday's closing price. Shares closed down almost five per cent at 363.75 pence. COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 20-10-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 0434B
Greggs PLC
20 October 2009
20 October 2009
GREGGS plc
INTERIM MANAGEMENT STATEMENT
Greggs is the leading bakery retailer in the UK, with 1,400 retail outlets serving six million customers per week throughout the country.
TRADING UPDATE
Robust performance in a challenging market
So far in our current financial year (42 weeks ending 17 October 2009) total sales have increased by 3.8 per cent and like-for-like sales by 1.0 per cent, in line with our expectations.
In the first 16 weeks of the second half, up to 17 October, total sales have increased by 2.5 per cent and like-for-like sales by 0.2 per cent. Selling price inflation is falling and is now running at its lowest level for five years, whilst our underlying volumes have remained in line with those of the first half.
Cost inflation is easing overall, in line with our expectations. This year's good wheat harvest and reduced energy costs are contributing to this positive trend, which is partly offset by continued cost increases in some ingredients, particularly meats.
Overall business performance in the year to date is in line with our plans and our financial position remains strong.
Chief Executive Ken McMeikan commented "I am pleased with our sales performance against the background of continued tough high street trading conditions. We are committed to helping our customers make their budgets stretch as far as possible and the exceptional value we offer, combined with the freshness, quality and taste of our products, is a key strength. We are on track to deliver our targets for the year although the final outcome will depend on consumer sentiment and spending over the important Christmas period."
BUSINESS STRATEGY UPDATE
Delivering Growth
During 2009, we have been progressively simplifying our business and building the foundations for future growth.
Key to this has been:
* Creating one brand by converting our Bakers Oven shops to the Greggs fascia
* Withdrawing from our Belgian business
* Harmonising our product range to be 80 per cent national and 20 per cent local
* Completing the change from a decentralised to a centrally-run business
Great progress has been made against all of these objectives. This now puts us in a strong position to bring the qualities of the Greggs brand and product offer to many more customers.
Our Brand:
Greggs offers an exclusive product range with a strong reputation for quality and value. We make all our sandwiches fresh in our shops each day by hand, bake our savouries 'little-and-often' to deliver great taste and quality, and provide bread, rolls and confectionery fresh from our bakeries each day. Our customers value this highly and we will place increasing emphasis on our freshness and bakery skills in our national advertising.
Accelerated Shop Expansion:
The growth opportunities within the UK are significant. It remains our belief that a further 600+ shops can be opened in the medium term with little cannibalisation of sales from our existing shops. This will take our shop numbers above 2,000, making us accessible to many more consumers and creating some 6,000 new jobs.
We see opportunities for expansion across the UK but particularly in areas where we are currently under-represented or have no presence at all. Southern England (particularly the South West), the East Midlands, North East Scotland, North West England and North Wales are good examples of areas with further potential for us.
We also see the continued opportunity to expand into locations where consumers work and travel such as transport hubs and industrial and retail parks, in addition to our more traditional presence on high streets.
We intend to open 50-60 (net) new shops in 2010 and from 2011 onwards at least 70 (net) per annum. This is more than double our historic rate of new shop opening.
At the same time, we plan to double the rate of shop refits to 120 per annum from 2010, allowing us to improve the ambience of our shops, accelerate the roll-out of successful service innovations and increase the accessibility of our products. This will drive further growth from our existing estate as well as from new shop openings.
A Supply Chain with further potential:
Our supply chain is built around regional bakeries that provide fresh products and distribution services to our shops around the country. These are supported by a national savoury manufacturing facility and two national distribution centres. We have undertaken a fundamental review of our supply chain to determine how we can achieve the optimal production and distribution network to support our planned growth of an additional 600+ shops.
The review has re-evaluated the costs and performance of our integrated bakery and logistics model on a number of different bases, including comparison with outsourced alternatives. The review has concluded that continuing to make and bake our own products is a competitive advantage as well as being a profitable part of our business. It has also highlighted the potential for us to supply substantially more shops through our existing supply chain, thus achieving significant efficiency improvements.
To fulfil this potential we plan to:
* Renew older bakeries to improve quality, efficiency and capacity for growth
* Extend other bakeries to facilitate greater expansion than previously planned
* Provide the capability for new shop growth in the South by replacing our bakery in Twickenham
* Build an additional new bakery to support growth in the South of England.
Our supply chain is central to the Greggs offer and provides a great foundation on which to build for the future.
Financial impact:
The development of our supply chain will require an increase in capital expenditure over the next 3-5 years but deliver eventual annual efficiencies of at least £10 million per annum.
We have previously highlighted some of the benefits that we are beginning to see from the simplification of the business and we expect this momentum to continue as the business grows.
The growth that we expect from accelerated shop expansion will progressively contribute to performance as new shops mature and as we raise awareness of our brand in new areas.
Overall we expect that our plans to deliver shop growth and greater efficiency will require total capital expenditure in the business to rise to between £50 and 60 million per annum during this period. We will finance this investment from our ongoing cash generation.
The Future:
Chief Executive Ken McMeikan commented: "The fact that Greggs is a baker, with wholesome, tasty products that are made in our own bakeries and shops remains a key point of difference versus our competitors. This gives us a great opportunity to attract new customers who are less familiar with the brand, particularly as we move into areas where we are new or under-represented. Although high street trading conditions remain tough we are building for the long term and remain confident in our ability to build an even stronger, more profitable business. We look forward to making the unique Greggs proposition available to many more customers throughout the UK as we embark on our major programme of accelerated expansion."
ENQUIRIES:
Greggs plc Hudson Sandler
Ken McMeikan, Chief Executive Wendy Baker / Hugo Jenkins
Richard Hutton, Finance Director Tel: 020 7796 4133
Tel: 0191 281 7721
This information is provided by RNS
The company news service from the London Stock Exchange
END
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| 02-10-09 | RNS |
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RNS Number : 0963A Greggs PLC 02 October 2009 2 October 2009 GREGGS plc
NOTICE OF INTERIM MANAGEMENT STATEMENT Greggs plc, the UK's leading retailer specialising in sandwiches, savouries and other bakery-related products, will be announcing its interim management statement on Tuesday 20 October 2009. For further information please contact: Wendy Baker, Hudson Sandler Telephone: 020 7796 4133 This information is provided by RNS The company news service from the London Stock Exchange END
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| 01-09-09 | RNS |
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RNS Number : 3386Y Greggs PLC 01 September 2009
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS 1. Name of the issuer
GREGGS PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) (i) 3. Name of person discharging managerial responsibilities/director
ROGER WHITESIDE 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial 3 6. Description of shares (including class), instruments relating to shares ORDINARY £0.02 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
ROGER WHITESIDE 8 State the nature of the transaction interest debentures or derivatives or financial
PURCHASE 9. Number of shares, debentures or financial instruments relating to shares acquired 12,253 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.01% 11. Number of shares, debentures or financial instruments relating to shares disposed
N/A 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A 13. Price per share or value of transaction 12,253 SHARES BOUGHT AT £4.05 PER SHARE 14. Date and place of transaction
28 AUGUST 2009 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 12,253 SHARES (0.01%) 16. Date issuer informed of transaction
28 AUGUST 2009 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes: 17 Date of grant 18. Period during which or date on which it can be exercised 19. Total amount paid (if any) for grant of the option 20. Description of shares or debentures involved (class and number) 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise 22. Total number of shares or debentures over which options held following notification 23. Any additional information 24. Name of contact and telephone number for queries Name and signature of duly authorised officer of issuer responsible for making notification
ANDREW DAVISON
COMPANY SECRETARY
GREGGS PLC TEL: 0191 211 7950 Date 1 SEPTEMBER 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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