Greggs plc GRG claims a good start to the year but not as good as last years. Total sales rose by 5.7% for the first 18 weeks and like for like sales in company managed shops were up by 3.7% but that is well down on 2015 when they rose by 6%. Hot drink sales are enjoying double digit growth and for the future there is a strong pipeline of product initiatives which at least means that management has been sent on its how to use jargon correctly classes.
Dignity plc DTY Apparantly last year was an exceptional year for deaths but this year is turning out to be more normal. 2015’s abnormally high death rate boosted Dignity’s profits but this years 11% fall has seen 1st quarter revenue drop by 5% and underlying profit by 13%. This is still 21% up on 2014, the last year when the death rate was normal.
Iofina IOF A 73% rise in iodine production for the year to 31st December saw Iofina become the second largest iodine producer in North America. The fall in the price of iodine during the course of the year took the shine off the figures with revenue down by some 20% but the company still managed to halve its losses at $3.31m.