GREGGS PLC

Hospitality groups have been hit with a wave of downgrades by Deutsche Bank following the rises in the minimum wage and National Insurance unveiled by the Labour Government. Greggs is the standout change, with its rating cut to 'sell' from 'hold' with a target price now of 2,400p (2,600p previously) though pub chain Mitchells & Butlers is now a 'hold' from 'buy' (target 280p from 360p).» Mehr auf proactiveinvestors.co.uk

Natives of Greggs PLC (LSE:GRG)'s home turf Newcastle will soon be able to enjoy a flute of Champagne with their cheese and onion bake at a new high-top bar situated in the Fenwick department store on Northumberland Street. Those with elevated taste buds will be able to dip their sausage, bean and cheese melt into a selection of delicately curated dips, including a harissa coconut yoghurt and a romesco sauce with almonds.» Mehr auf proactiveinvestors.co.uk

Like a piping hot cheese and onion bake fresh from an industrial-sized oven, Greggs PLC (LSE:GRG)'s third-quarter results were not everyone's cup of tea, but they provided a quick calorie hit to keep investors sated for now. Moving on from that clunky analogy, Barclays PLC (LSE:BARC) acknowledged that despite the strong business model and ongoing growth via new stores, investors may focus on the softer third-quarter performance.» Mehr auf proactiveinvestors.co.uk