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flag Greggs, a UK bakery, reports a 14.3% drop in profits but a 7% rise in sales amid economic pressures.

flag Greggs, a UK bakery chain, saw its pre-tax profits fall by 14.3% to £63.5 million in the half-year to June 28, due to hot weather and cautious consumer spending. flag Despite the profit drop, sales rose by 7% to £1.03 billion, spurred by new store openings. flag CEO Roisin Currie noted that customers are saving rather than spending due to financial pressures. flag Greggs plans to expand to over 3,000 sites in the UK.

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