Money blog: Greggs price hikes revealed; BP posts 'obscene' profits

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Money blog: Greggs price hikes revealed; BP posts 'obscene' profits
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Greggs has admitted prices have been hiked in the last few weeks - and has blamed soaring wage bills.Confirming what many people have been tweeting about in recent weeks, chief executive Roisin Currie told the PA news agency some items were up 5p and 10p - but the meal deal is unchanged.Ms Currie said the company had acted to offset higher pay for its 32,000 staff, having raised salaries earlier this year ahead of the increase in the National Living Wage.

She said: 'The biggest inflation cost right now is the increase in the National Living Wage and making sure our employees get the wage increases that are appropriate.'That puts pressure on the cost increases within the business.'This emerged as the group reported a 16.3% rise in underlying pre-tax profits to £74.1m for the six months to 29 June.

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