Greggs shares jump 9% as Panmure Liberum highlights stronger quarterly trading

What Brokers Say Retail & Consumer Written by: Ephrem Joseph 04:19 Wed 30 Sep 2026 --> Edited by: Ian Lyall Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ephrem Joseph Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Greggs PLC ( LSE:GRG ) View Price & Profile Greggs shares jump 9% as Panmure Liberum highlights stronger quarterly trading Published: 04:19 30 Sep 2026 EDT Greggs PLC (LSE:GRG) shares jumped as much as 9.1% to an intraday high of 2,046p after stronger third-quarter trading and plans to consolidate manufacturing operations drew a positive response from Panmure Liberum. The broker, which has a 'hold' rating and a 1,560p price target, said company-managed like-for-like sales growth of 3.4% in the 13 weeks to 26 September represented a clear sequential improvement from the first half. Total sales rose 7.7% during the quarter, helped by more settled weather in August and September and continued menu innovation. Panmure said the performance looked ahead of its expectations even after allowing for easier comparative trading conditions during the quarter. Greggs has opened 95 shops and closed 38 so far this year, resulting in 57 net openings, while management continues to expect between 100 and 110 net new shops during 2026. The company also proposed consolidating its manufacturing operations, potentially closing four sites and affecting around 740 jobs. The programme is expected to cost about £60 million, including £40 million of capital expenditure, while generating around £20 million of annual pre-tax cash savings across 2028 and 2029. Management now expects a “modestly improved” 2026 outcome, compared with previous guidance for broadly flat profit before tax. Panmure estimates that 5% growth in full-year profit before tax would produce around £181 million. Continue reading