Rising food prices and the continuing "restraint" of high street shoppers blighted a trading update from bakery chain Greggs today.
Its shares were more than 4% lower as the Newcastle-based retailer said it no longer expected underlying sales growth in its Christmas quarter.
Like-for-like sales fell 2.6% in the 14 weeks to October 6, which Greggs said represented a weaker-than-expected recovery from the decline of 3.5% seen in the previous three month period.
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