Decades of Dough-sharing
Greggs has been generously sharing its profits with staff over the past 50 years, with £200 million given out since the 1970s.
Record-breaking Payday
Last month, Greggs distributed a £17.6 million bonus pot among 25,000 employees, with an average bonus of £765 per worker.
Business Success Story
With more stores than McDonald's or Starbucks, Greggs has become a UK success story by expanding its offerings and reaching record profits.
Expansion Plans
Greggs plans to have 2,500 shops in the UK by the end of this month, aiming for 3,000 in the near future.
Legacy and Valuation
Founded 80 years ago, Greggs' shares have soared since going public in 1984, now valued at £2.8 billion.
AI and Business Landscape
The Competition and Markets Authority is monitoring AI's impact on tech firms, while Amazon CEO Andrew Jassy sees AI as a significant tech transformation.
Financial News
The Bank of England predicts rising default rates on loans due to increased borrowing costs, while AstraZeneca faces shareholder rebellion over CEO pay.
Poundstretcher Acquisition
Poundstretcher has been acquired by the US owner of Majestic Wine, marking another UK business purchase by Fortress Investment Group.
Lok'n Store Takeover
Lok'n Store's shares surged after a £378 million takeover by Belgian rival Shurgard, highlighting the vulnerability of British firms to overseas bidders.
