Events study report
41244My chosen company is Greggs plc, and it has been approved. I am using the historical daily returns of 2016,2017 & 2018. The proxy or benchmark is FTSE all share index.
Below are the four events chosen and dates, which was taken from Financial times;
1) May 9 2018 — Cautious outlook was given for 2018
2) July, 31 2018–Announcement of rise in sales for the first 6 months of 2018
3) Oct,9 2018 –High same store sales growth for 13 weeks to sept,29 announced.
4) Nov, 27 2018 – Greggs lifts outlook on sales growth & cost control.
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