One of the UK's best-known bakers has today announced an increase in annual sales and profits following "significant investment".

Greggs, a familiar sight on High Streets up and down the country, said total sales were up by seven per cent to £894.2million and pre-tax profit reached £75.1million, up from £73million in 2015.

The company, which has started a five-year £100million investment programme in

manufacturing and distribution, cited an improved product range as among the factors behind the success.

Greggs CEO Roger Whiteside said: "In 2016 we delivered another strong performance as we continued on our journey to transform Greggs from a traditional bakery business into a modern, attractive food-on-the-go retailer.

"Our product offer is evolving to meet the changing needs of our customers and our shop estate and service levels have benefited from significant investment.

"The UK consumer outlook is more challenging than we have seen in recent years, with industry-wide pressures emerging in commodities as well as labour costs.

"However, we are confident of making further progress as we implement our plan to grow Greggs as a contemporary food-on-the-go brand."

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