Posts tagged 'Greggs'

The (hot) pasty tax strikes!

From Greggs’ trading update comes a warning that the government’s plans to add VAT tax to takeaway foods “could have a material impact on our sales and profits”, depending on the outcome of industry consultations.

We believe there is an alternative to the Government’s proposal which will remove any anomalies and make the tax much simpler for both the Government and the consumer.  We believe the solution is to see VAT charged on all food kept hot for sale in a heated environment after cooking, all food re-heated to order and all food supplied in heat-retaining packaging.  This will very clearly differentiate between fresh bakery food and food that is being sold intentionally hot. Read more

Budget brands move into shopping malls

Pound shops, “value” stores and fast-food outlets are springing up in Britain’s shopping centres as they respond to consumer needs in an increasingly harsh retail environment, notices the FT. Poundland, Peacocks and Greggs bakers are among the fastest-growing tenants since 2008, according to a report from Trevor Wood Associates, the retail consultants.

Snap news

Breaking pre-market news on Wednesday,

- Liverpool FC board agrees sale to Boston Red Sox owners — statementRead more

Snap news

Breaking pre-market news on Tuesday,

- International Power agrees 92p-per-share GDF Suez reverse takeover — statementRead more

Snap news

Breaking pre-market news on Tuesday,

- Lloyds Banking Group sells Bank of Scotland portfolio management service to Rathbone £35.4m – statementRead more