Shares fall almost 13% after bakery chain’s profit warning over heatwave hit to sales
The UK’s biggest bakery chain, Greggs, has said last month’s heatwave harmed its sales and profits as customers went off the idea of hot pastries in the unusually high temperatures.
Shares in Greggs slumped almost 13% as investors reacted to the profit warning a day after the UK experienced the hottest day of the year so far, with temperatures reaching as high as 35C.
