Britons have been told to consider investing in the bakery store Greggs as 2011 looks promising.
Nick Raynor, investment adviser at The Share Centre, observed that Greggs reported an increase in turnover of 3.5 per cent for the Christmas trading period.
This, he explained, is a pleasant surprise as other high street retailers were badly affected by the weather.
"We like Greggs for its continued growth and strong yield in a tough economic environment. Figures for 2011 are due to be in-line with expectations and the company is looking forward to opening a further 80 stores, creating 700 jobs."
He added: "The yield of 3.3 per cent could be attractive for income investors ."
Founded in 1939, Greggs is the largest specialist retail bakery chain in the UK.
The company has grown steadily over the years and now has more than 1,400 outlets throughout the UK, with many towns and cities boasting several stores.
Investors told to consider Greggs
Investors told to consider Greggs
Thu, 13 Jan 2011
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