Greggs, the UK's largest bakery chain, has hired a new corporate broker for the first time since its float in 1984, in a move that exemplifies the traditionally sticky nature of broking relationships.
The FTSE 250 company, which was started in the 1930s as a Newcastle yeast and egg delivery business, listed on the London Stock Exchange in May 1984, and now has a market capitalisation just above £1 billion, said in a June 15 statement that Investec Bank has come on board as its joint broker alongside UBS.
