Bakery chain Greggs blames poor weather for drop in footfall

High street baker Greggs is reporting slower sales growth today after poor weather and challenging economic conditions combined to hit footfall.

The firm says like-for-like sales grew by 4.7% during the 19 weeks to May 10, compared with a rise of 6.2% during the first 10 weeks.

Chairman Derek Netherton is blaming this year’s earlier Easter and poor weather over the period for the dip during March and April.

150,000 homeowners now in negative equity

Nearly 150,000 homeowners who have taken out mortgages since the start of last year are now in negative equity, new research indicated today. Read

A DEAL to sell a city developer little more than “fresh air” was approved by Liverpool City Council yesterday for £750,000. Read

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