Greggs reports sales boost off the back of hot food meal deals

Shares jump 10% after trading update from retailer despite cost inflation forcing it to put up prices

Hot food meal deals are helping to fuel sales growth at the high street baker Greggs, which raised the price of its popular sausage roll on Monday for a second time this year.

The grab-and-go retailer said it was trading well in an environment where cost pressures are significant", and added it expected its full-year profits to be in line with previous forecasts, despite the economic uncertainty. Its value offer appealed to cost-conscious customers, pushing up total sales by nearly 15% in the 13 weeks to 1 October.