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Bakery chain Greggs saw its shares rise around 14% on Monday (11 November) after it raised its profits forecast.

It reported sales grew 12.4% in the six weeks to 9 November in an improving sales pattern, driven by more customers visiting its shops, leading it to predict full-year underlying profit before tax would be “higher than our previous expectations”.

The company, which has around 2,000 stores across the country, has appeared to successfully buck the UK high street’s downward trends having seen its share price soar almost 70% in the past year, driven primarily by the success of its vegan sausage roll.