FTSE LIVE: Greggs profits on the rise

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FTSE LIVE: Economy bounces back in the third quarter to avoid a recession; Greggs profits on the rise; Just Eat bidder ramps up pressure

  • The FTSE 100 is down 1.3%, while the pound has ticked up against $ and € 
  • GDP increased by 0.3% in third quarter, but annual growth is slowest in a decade
  • Greggs shares shoot up as sales rise and baker raises full-year profit forecasts
  • Sirius Minerals jumps as it announces revised development plan; seeks $600m 

High street bakery chain Greggs continues to be on a roll after it revealed profits are expected to be larger than previously forecast as it continues to shift snacks at a rapid rate. 

The Just Eat takeover saga is coming to a head after South African bidder Prosus told shareholders to accept the £4.9billion offer by 11 December and indicated it would no longer be interested in buying the company if it merges with Takeaway.com.

The pound is edging higher on news the UK economy returned to growth last quarter, avoiding a recession.  

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