Stock Movers Greggs Slump, Bytes Sharp Drop, Renewable New Wind
Jul 2, 2025
Greggs Plc sees a dramatic 15% drop in shares after profit warnings linked to summer heat discouraging dining out. Meanwhile, Bytes Technology faces a staggering 27% fall due to market challenges triggering customer delays in purchases. In a positive twist, European renewable stocks surge after the removal of a critical tax threat, with Vestas, Orsted, and others enjoying significant gains. This contrast highlights the volatile landscape of food and tech stocks against the buoyant backdrop of renewable energy.
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Greggs Profit Hit by Heatwave
- Greggs forecasts lower full-year profit due to UK heatwave discouraging eating out.
- Weather impacted staple sales like sausage rolls and steak bakes, leading to a 13% share price drop.
Bytes Tech Profit Warning Impact
- Bytes Technology warned profits would fall as customers delay spending amid tough UK economy.
- This triggered a 27% share plunge, dragging down peers like Softcat and Sage.
US Senate Boosts Renewables Stocks
- US Senate removed tax on renewables using Chinese parts from GOP bill, easing sector fears.
- Renewable stocks like Vestas and Orsted jumped, with indexes hitting 2021 highs.