Greggs threatened by climate change

greggs cheese and onionGreggs

  • Climate change could be hurting sales growth at Greggs.
  • Recent extremes of hot and cold weather have triggered four profit warnings and created volatility in Greggs’ stock price, according to Barclays.
  • Data from the Met Office show Britain is getting hotter and rainier as the years go by.

LONDON — Climate change could be hurting sales growth at Greggs, the gigantic baked goods chain, according to an analysis of Meteorological Office data by Barclays.

Recent extremes of hot and cold weather have triggered profit warnings in recent years, moving Greggs’ stock price, according to Barclays analyst Richard Taylor and his team. High temperatures hurt sales growth, their analysis shows.

See the rest of the story at Business Insider

NOW WATCH: This impact investor says stop trying to help people without including them in the conversation

See Also:

SEE ALSO: Trump’s trade war could destroy 4% of global trade: ‘The threat to world growth is significant’

Post Author: martin

Avatar
Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.