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.

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