Excuses given by Greggs are half-baked, whatever the weather

Management claims heatwave is behind poor first-half profits but another view is that the company has failed to reinvent itself Remember the "pasty tax", a high point of the chancellor's omni-shambles Budget that left bakery chain Greggs whining about a "material impact" on profits? It was never imposed, of course, but it turns out that the baker's executives were talented enough to achieve the same thing themselves. On Tuesday Greggs announced slumping first half profits, partly due to inclemen...