Greggs PLC (GRG.L)
18 Apr 2019
LONDON British baker and takeaway food group Greggs said on Thursday it expected to pay a special dividend in July after a "very strong" start to 2019 as it reported a 10 percent rise in 2018 profit.
* Shares up 41 percent so far this year (Adds detail, analyst comment, shares)
LONDON, March 7 British baker and takeaway food group Greggs reported a 10 percent rise in 2018 profit and said it had made a "very strong" start to its new financial year.
Britain's main index fell on Tuesday, weighed down by disappointing results from blue-chip heavyweight HSBC and a stronger pound, while mid-cap baker Greggs surged to a record high after guiding to higher full-year profits.
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Strong demand for Greggs' new vegan sausage roll prompted Britain's biggest baker to raise its 2019 profit expectations on Tuesday, boosting its shares to a record high.
* Shares jump as much as 11 percent to record high (Adds details on vegan trend, analyst comments, shares)
Feb 19 Britain's main index opened lower on Tuesday, dragged down by disappointing results from blue-chip heavyweights HSBC and BHP, while mid-cap baker Greggs surged after guiding to higher full-year profit.
Feb 19 Britain's FTSE 100 index is seen opening 8 points higher at 7,228 on Tuesday, according to financial bookmakers, while FTSE 100 futures were down 0.03 percent ahead of the cash market open.
Feb 19 Sales of a new vegan sausage roll drove a 14 percent rise in sales for British high street baker Greggs in the first seven weeks of 2019 and prompted the company to promise underlying pretax profit ahead of previous expectations.
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