January 9, 2019 / 9:31 AM / 3 months ago

BUZZ-Greggs: Kneaded a "very strong" finish to 2018

** British baker Greggs shares up >5 pct to a record high; among top gainers on FTSE Mid 250 index

** GRG ups 2018 profit forecast after “very strong” finish to the year driven by demand for its festive bakes, mince pies, hot drinks

** LFL sales in company-managed shops grew 5.2 pct in Q4

** Greggs continues to buck trends seen elsewhere on the High Street and remains a multi-year roll-out growth story - Investec

** Investec raises PT by 11.7% to 1475 pence

** GRG issued a profit warning last May blaming March’s cold snap and waning consumer spending

** Since then, stock has risen ~13 pct

Reporting by Karina Dsouza in Bengaluru

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