Fed’s Bowman calls for decisive rate cuts to address job market fragility
Shares in bakery chain Greggs (GRG) are up, today, as the firm's recovery gathers pace.
Although new data from the company shows its like-for-like sales fell 0.5 percent in the 13 weeks to September 28, the firm is positive about the future.
Its stocks rose by 2.5 percent on the back of the news, with the company pushing forward with its revamp of stores to push its "food-on-the-go" format further.
At 11:39 BST, shares in Greggs were 2.69 percent higher on the start of the day and still rising.
Despite the boost to the share price of the bakery firm, the FTSE 100 was down 19.46 points at 6,346.37, reports BBC News.
The index sagged on the back of shares in Vedanta Resources suffering a 3.5 percent dip in value, while home shopping group N Brown fell 3.6 percent.
Gainers on the index this morning include chocolatier Thornton – up 1.3 percent after a new trading update – and it has been a good session for homebuilders, with Persimmon shares up 4.5 percent and stocks in Taylor Wimpey three per cent higher.
Find up to date information on the FTSE 100 and spread betting strategies at City Index
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