Enterprise information reside: FTSE 100 outcomes with Greggs going through ‘near-term hurdles’ and AstraZeneca income surge

[ad_1] Greggs evaluation: Quick-term robust, long-term optimism Responding to the newest monetary outcomes, analysts have largely agreed that Greggs is going through some actual short-term points - however appears well-placed to journey out the storm.

New plans embrace a collaboration with Tescos, later opening hours and

“The corporate is constant to have a look at diversifying its providing, nonetheless, maybe to assist take away a few of these dangers seen in its shops,” stated Mamta Valechha, client discretionary analyst at Quilter.

“It introduced this morning that it has signed a brand new contract with Tesco, which is able to see its ‘Bake at Dwelling’ vary on supply within the UK’s largest grocery store chain from September, constructing on the success the product vary has had in Iceland.

“Nonetheless, whereas these strategic initiatives are optimistic developments, the meals on the go market stays robust with inflation biting into shoppers’ wallets.”

Aarin Chiekrie, fairness analyst at Hargreaves Lansdown, added:

“Whereas these points shouldn’t be neglected, they seem like properly baked into the valuation now, and the longer-term funding case stays intact.

“Development is a key focus for the group. The variety of outlets is ready to rise to over 3,000 over the subsequent few years, with administration doubling down on its steering to open between 140 and 150 new shops in 2025. Many of those shops will probably be open into the night, which occurs to be the group’s fastest-growing daypart.

“There’s lots to love about Greggs’ proposition and long-term outlook. However within the close to time period, there are some hurdles for the nation’s hottest bakery to leap, so buyers will want some persistence if Greggs is to show it’s price its crust.”

Karl Matchett 29 July 2025 08:30

Greggs sees income fall however intends to maintain opening new shops Greggs has reported pre-tax income of £63.5m for the half-year to the top of June - down 14 per cent in comparison with final 12 months on the similar time.

Heat climate was blamed for the downturn in addition to home financial issues leaving folks spending much less typically.

Regardless of that, Greggs nonetheless plans to open properly over 100 new outlets this 12 months and, over the long term, has visions of opening greater than 2,000 extra shops throughout the UK - bringing the whole to over 4,500.

"After a difficult begin to 2025 we stay clear on the strategic alternatives that lie forward," Chief Govt Roisin Currie stated on a name.

Greggs’ share value has dropped greater than 40 per cent this 12 months up to now.

Karl Matchett 29 July 2025 08:19

Barclays beats revenue estimate and returns £1.4bn to shareholders Barclays have this morning introduced a share buyback of £1bn and a half-year dividend of three pence per share, totalling £1.4bn in worth returned to shareholders - a 21 per cent rise 12 months on 12 months.

That comes on the again of elevated income due to heightened market volatility throughout the Donald Trump tariff section earlier this 12 months.

Half-year pre tax income totalled £5.2bn, beating expectations.

Shares are up greater than a 3rd this calendar 12 months.

“We stay on observe to attain the aims of our three-year plan, delivering structurally larger and extra steady returns for our buyers,” stated CEO C. S. Venkatakrishnan in a press release.

Karl Matchett 29 July 2025 08:06

AstraZeneca income surge and interim dividend elevated Pharmaceutical agency AstraZeneca has reported income growing 13 per cent on this morning’s half-year financials.

Income rose to greater than £28bn and the corporate has introduced a 3 per cent rise of the interim dividend, to 76.7 pence per share.

“Our sturdy momentum in income development continued by means of the primary half of the 12 months and the supply from our broad and numerous pipeline has been glorious,” CEO Pascal Soriot stated in a press release.

AstraZeneca not too long ago pledged $50bn of funding into the US for a producing facility in Virginia to push additional development.

Karl Matchett 29 July 2025 07:55

UKSIF hit again at Trump claims over wind energy On his journey to Scotland, Donald Trump has been extolling the virtues of drilling for oil and deriding wind energy as an vitality supply.

James Alexander, CEO of UK Sustainable Funding and Finance Affiliation (UKSIF), stated in response:

“Low cost wind and solar energy have the potential to drive financial development and jobs proper throughout the nation. Those that ignore the massive worth of those quickly increasing sectors are putting politics earlier than financial alternatives.

“We are able to’t depend on our restricted North Sea oil reserves to chop the price of vitality, because the worldwide market dictates the costs. As an alternative, we have to quickly roll out homegrown clear energy options, which is able to counter the specter of future fossil gasoline crises.

“The federal government should ignore the naysayers and proceed its efforts to draw essential personal funding into our renewable industries."

Karl Matchett 29 July 2025 07:31

Excessive danger for EU shoppers of discovering unlawful merchandise on Temu, EC stories Temu isn't doing sufficient to evaluate the dangers of unlawful merchandise being offered on-line and may very well be in breach of a brand new digital companies regulation, the European Fee stated.

The fee stated on Monday that there was a “excessive danger” of shoppers within the EU encountering unlawful merchandise on the e-commerce big’s platform.

Particularly, evaluation of a thriller purchasing train carried out by the fee discovered that buyers purchasing on Temu had been very prone to discover non-compliant merchandise, together with child toys and small electronics.

Karl Matchett 29 July 2025 07:16

Is Greggs about to go the identical manner as Starbucks? The favored high-street bakery now sells one million sausage rolls each day – however such wild success has precipitated alarm amongst key buyers, who imagine Greggs could also be quick reaching saturation level.

Can it be taught the teachings of the Seattle espresso chain earlier than it additionally overreaches itself, asks James Moore.

Is Greggs about to go the identical manner as Starbucks? The favored high-street bakery now sells one million sausage rolls each day – however such wild success has precipitated alarm amongst key buyers, who imagine Greggs could also be quick reaching saturation level. Can it be taught the teachings of the Seattle espresso chain earlier than it additionally overreaches itself, asks James Moore

Karl Matchett 29 July 2025 07:08

Enterprise information reside - Tuesday 29 July Good morning and welcome to our reside enterprise protection - developing in the present day we’ll have a look at the corporations reporting their newest income and plans, how the FTSE 100 strikes after a pointy downturn yesterday afternoon and many extra apart from.