Like all retailers, Greggs is, presumably, waiting with baited breath for the end of the second lockdown in England next week (Miles Costello writes). While the latest set of restrictions on trading haven’t been as onerous as the first, trading at the previously booming bakery chain has been seriously disrupted. Even when shops in England are permitted to trade freely from December 2, a complex set of tiered restrictions will further complicate life for the business.
From an investment perspective, trading in the near term has to be uncertain. The shares might have recovered somewhat since the latest update in September, but they remain way off their pre-Covid highs.
Greggs was founded as a delivery business on Tyneside by John Gregg, who opened his first
