Greggs shares lifted as it proves popular in final quarter

The share price of high street bakery chain Greggs (LON:GRG) has risen by 15.64% to 2,048p (as of 10:50 GMT) after its sales increased by 12.4% for the six weeks ended 9th November. Management said that like-for-like growth in company managed shops was more than double what was achieved during the same period of the prior year as the firm outperformed in the first half of the the fourth quarter.

As a consequence of these developments as well as well-contained operational costs, the company said that full-year underlying profits before tax would exceed the previously issued guidance.