By Steve Moore | Thursday 9 January 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Greggs plc (GRG), the leading ‘bakery food-on-the-go’ retailer in the UK with 1,671 retail outlets, has updated on “strong demand” over the Christmas period and that it anticipates that it “will report full year results in line with our previous expectations when we make our preliminary announcement on 26 February 2014”. This has helped the shares more than 10% higher today, to a current 493p – so what’s baking here?
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