personal finance

Greggs chief takes a bite out of his holding


Food-on-the-go retailer Greggs has been expanding in the breakfast and, increasingly, post-4pm time slots. It has also been finding new ways to reach customers, with promising experiments in click-and-collect ordering and delivery.

The shares are up 62 per cent over the past 12 months, despite falling after the group’s third-quarter trading statement on October 1 showed total sales growth of 13.9 per cent for the calendar year so far. Chief executive Roger Whiteside had previously said he expects growth to slow in the second half of the year.

On October 7, Mr Whiteside sold a net 92,703 shares, totalling £1.67m. It is understood that the sale was made to free up cash for a property purchase.



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