2300p chart support blown away........next stop looks to be 1700p
Almost 1 million shares traded ... and still yielding under 3% |
haven't seen Reeves on the news recently, i wonder why lol - her NIC hike is shooting her in the foot - where did she think employers would find the extra NI contributions and increased min pay from ?? bring back Rishi he foresaw all of this |
The costs coming must be very large. |
Greggs is increasing all it's prices again. Coffee, Sausage Rolls, Bacon Sarneys, and Sweet Treats will all now cost more.
The price increases come as Greggs warned that rising employment costs would lead to further price rises across its range.
GB NEWS 09-01-25 |
They were on a roll for a long time. |
Still only yielding 2.75% . Not enough with the mess this new lot have put us in. |
4*
Greggs posted a solid Q4 update this morning but FY sales missed analyst expectations by a little and the share price has extended its slump another 9% so far this morning. Financial year 2024 total sales were up 11.3% to £2,014 million (2023: £1,809 million) with company-managed shop like-for-like sales up 5.5% for FY24. This is strong, but a little below the 12.2% yoy analyst expectation, hence the share price reaction. Fourth quarter total sales were up 7.7% with company-managed shop like-for-like sales up 2.5% for the fourth quarter...
from WealthOracle
wealthoracle.co.uk/detailed-result-full/GRG/1126 |
The "friend of the working people", or "Labour" has killed any recoverey or growth shoots since arriving to power just a few months ago.
Who cannot increase taxes ? So easy when you pray on pensioners, farmers, students and every company wth NI increae.
Increasing ABRUBPTLY taxes will kill the economy and the very "working people".
Now every business will freeze recruitment and even reduce staff.
After just a few months people are suffering more than during Covid 19.
Labour will leave power with a recession and this is just the tip of the iceberg.
Those who never experienced Labour will learn now. |
Just scanning through the Rns history -
the massive CFO sell in October was no doubt a very clear warning sign !
Sale of ordinary shares
(c)
Price(s) and volume(s)
Price
Volume
£28.51
65000 |
Mantelsloris says *good entry point* trying to talk like a broker - get back to up litter in the park you clown |
Good entry point I reckon |
What ML posted
Greggs hikes the price of iconic menu item AGAIN and customers are furious |
The employers ni increase does not come in to effect till 6th April 2025 so should not effect the next update. |
This was second lowest in the ftse250 today... i assume because of the 5p increase in the price of sausage rolls |
Horror show today -7%. ....... same for many UK based shares.
Chart support 2600p ,then 2300p |
Not looking forward to Thursday...NI increase |
Anyone know why this is down 5+%? |
Looking forward to Thursday |
MORE BAD NEWS FOR BRITISH RETAILERS
===================================
Confidence amongst UK retailers has "slumped" as they face a "pressure cooker of rising costs and taxes", according to the British Chamber of Commerce (BCC).
The influential business group warned that its survey of more than 4,800 firms suggested confidence had fallen to its lowest level for two years.
Nearly two-thirds of businesses told the BCC that they were worried about taxes following the Budget, which announced a rise in national insurance contributions (NICs) paid by firms from April, and more than half expect to have to raise prices in the next three months. |
Going forward, the impact of the Budget and rising Wage costs and higher employers NI contributions will hit future profits.
It's doubtful Greggs can increase shop prices by enough to fully offset its rising cost base. Nobody will pay £3.00+ for a single Greggs Latte or £2 for a single sausage roll. |
So should we expect good results on the 9th due to Nigella or bad because of the budget?
I'm torn here |
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