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Festive figures up 8.2% for bakery Greggs

Credit: PA

North East-based Greggs has credited its decision to focus on the needs of ‘food-on-the-go’ customer for their strong sales over Christmas.

The bakery giants like-for-like own shop sales increased by 8.2% in December compared to 3.1% last year.

For the financial year the company's total sales grew by 5.5%, with like-for-like sales, which exclude any effects of expansion, acquisition or any other event that artificially enlarge a company's sales, up 4.5%.

Their full year results, due out on the 4th March, are expected to be higher than previously estimated.

Since our last update on 15 December we have experienced a very strong level of trade through the Christmas and New Year period. Customers have clearly responded to the improvements in our product offer and service, designed to meet the needs of the food-on-the-go consumer, during this busy period.

This has been a year in which we have made good progress with our strategic plans and seen a welcome improvement in financial performance. We remain clear on our priorities and are confident that we can make further progress in the year ahead.”

– Roger Whiteside, Chief Executive

Greggs have 1,650 shops trading across the UK as of 3rd January 2015 and their estate improvement programme has led to 213 shop refurbishments.

What is the middle class?

The economy and living standards came under the spotlight in January's edition of Around The House.

MPs debated the Labour leader Ed Miliband's promise this week to 'rebuild our middle class'.

They also considered the effect of the Chancellor's warning that billions of pounds of extra spending cuts will be needed after the next general election.

Watch the full debate between the Labour MP for Durham North, Kevan Jones, the Liberal Democrat member for Westmorland and Lonsdale, Tim Farron and the Conservative MP for Skipton and Ripon, Julian Smith:


600 jobs coming to Tyneside as OGN wins contract

An EnQuest ship on the River Tyne. Credit: ITV News Tyne Tees

OGN Group, the North East-based offshore engineering company, will create 600 jobs on Tyneside after winning a new multi-million pound contract with oil and gas firm EnQuest.

OGN will help rebuild one of EnQuest's 249m vessels. Once the work is completed, the vessel will then go to work in the North Sea's oil fields.

David Edwards, chief executive at OGN Group, said: “This project will have a significant impact on the North East economy, particularly in terms of creating employment and providing opportunities for the region’s high quality supply chain."

Buyer sought for Whitworth Hall

Whitworth Hall goes into administration Credit: ITV Tyne Tees

A buyer is being sought for Whitworth Hall Hotel in Spennymoor near Durham.

The popular wedding venue is operated by Whitworth Hall Country Park Limited, which was placed in administration on 18 October.

Administrator Andrew Haslam said: “Following the sudden passing of the managing director a few months ago, the remaining directors have continued to operate the business to the best of their ability, however due to the general economic climate, they have been unable to turn the business around.

"We are confident of finding a buyer quickly [and] have already received significant interest in the business as a going concern.

“In the meantime, we look forward to welcoming the wedding parties for the celebrations booked over the next two weekends and would like to reassure them and other customers that it is very much business as usual.”

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