Directors Deals 

Greggs chief offloads shares

Greggs chief offloads shares

As several UK food chains scale back overly-ambitious – not to mentioned overly-leveraged – expansion plans, it’s refreshing to find a company that is growing sales at a rate that justifies high levels of internal investment. Unfortunately, it’s that spending which has kept profits subdued at bakery chain Greggs (GRG). Last year revenues grew by a steady 7 per cent (3.7 per cent on a like-for-like basis across company managed stores), but profits fell by 4 per cent as the group pursued its target to invest £100m by 2020.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now