Greggs blames hot weather as it warns of 'modestly' lower profits

  • Greggs PLC (LSE:GRG) warned that full-year profits are likely to fall compared to last year, as it blamed slower growth in recent weeks on hot weather.  Total sales in the first half of the year came to £1.03 billion, the FTSE 250-listed baker said in a trading update, a 6.9% increase compared to the prior year, or 2.6% on a like-for-like basis.