Dampener for Greggs

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"When it rains for any length of time people just don't go out shopping so they don't drop into our stores to pick up snacks and food," said chief executive Ken McMeikan, revealing that same-store sales were flat over the past six weeks.

But over the first half of the year sales grew 1.5% on that basis and by 4% including new shops at £312 million. McMeikan said: "That's pretty good given that we were broadly budgeting for flat like-for-like sales and given how tough it's been on the High Street."

Six million people a week eat a Greggs sandwich, savoury or pastry and they are becoming more demanding. The group has already taken out all hydrogenated oils and fats from its products, boosted its "no mayo" range of sandwiches and will have got rid of all artificial colourings by the end of the year.

Pre-tax profits rose 7% to £16.5 million in the six months to June and the dividend goes up 6.1% to 5.2p, taking the group into its 25th year of continuous dividend growth.