Shares in bakery chain Greggs rose 4% after restructuring efforts and new lines helped underlying profits jump by almost half.
The Newcastle-based company, which has 1,661 stores, said first-half profits jumped 48% to £16.9 million on an underlying basis during the 26 weeks to June 28, as it refitted 131 shops and introduced low-fat sandwiches and a new blend of coffee. Like-for-like sales, which strip out the effect of new store openings, climbed 3.2% on…
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