date:Sep 12, 2012
l growth rate of 8.6%. This would be driven by new space, modest LFL assumptions and the cumulative effect of investment and productivity initiatives.
More fundamentally, Greggs has a balance sheet to give investors comfort with a modest pension deficit to manage and cash on the balance sheet,said Shirley and Black.
Greggs was a core component of a UK mid-cap equity portfolio, they said, repeating their buy recommendation.
Meanwhile, Cornish and Devon bakers are incensed by fast food chain Mc