GRG Greggs plc

Four sites have been earmarked for closure, including Pettigrews in Kelso in the Borders.

Unions have warned that workers should not be ‘dropped like stones’ after helping support Gregg’s growth across the UK.

Greggs has put hundreds of workers at risk of redundancy after unveiling plans to shut four factories and replace staff with automated machinery.

Investing.com -- British stocks once again reversed gains on Wednesday despite U.S. inflation data coming in cooler than expected, outweighing concerns over rising oil prices and a Bank of England warning on financial-system risks.

Investing.com - European stock bourses reversed gains once again on Wednesday as investors continued to digest a dense slate of European and U.S. macroeconomic releases.

Investing.com -- Greggs shares jumped to a two-month high on Wednesday after the British bakery chain raised its 2026 profit outlook as sales growth strengthened through the summer, while it also proposed closing four manufacturing sites as part of a cost-saving plan.

The move will cost the firm around £60 million, including disruption costs and redundancy payments.

The U.K. bakery chain said the proposal to consolidate its in-house manufacturing activities was the result of a review aiming to ensure cost-efficient operations.