Hammerson plc (HMSO.L)

Investors’ Chronicle: Greggs, Johnson Service Group, Hammerson

Management thinks there is potential for “significantly more” than 3,000 UK shops, writes Christopher Akers. Baker Greggs delivered a resilient annual performance despite continuing cost inflation pressures weighing down profit growth. While in line with previous guidance, total sales growth of almost a quarter and an 18 per cent uplift in like-for-like sales at company-managed shops were a reminder of the strength of Greggs’ brand and pricing power.