Companies: GRG   

Colin Gregg, non-executive director of the bakery and savoury products retailer, which takes its name from his father, has disposed of part of his share in the company as the share price continues to enjoy its highest ever levels. The sale of 280 shares at a price of 2815p by Gregg (set to retire in May after 35 years) comes three weeks after finance director Malcolm Simpson and his wife Ann each sold 410 shares at 2805p. Just over a year ago the company's share price stood at 1612.5p but has since rocketed as high as 3125p, a figure coinciding with the release of record full-year results. Figures for the year to 30 December revealed that the company, which trades principally from its Greggs and Bakers Ovens brands, generated a pre-tax profit of £26.4m (£21.5m) on £339m (£308.7m) of sales. Earnings also increased significantly, reaching 186p (134p). House broker Brewin Dolphin forecasts a profit of £29m next time out.