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BUZZ-Greggs: 2nd top midcap gainer on another FY guidance hike

Reuters - UK Focus

** Greggs (Stuttgart: 41G1.SG - news) , which runs a chain of bakery shops, up 5 pct in strong volumes & 2nd top FTSE midcap gainer after British co says growth for year will be slightly ahead of its forecast, despite tough Q4 comps

** News (Other OTC: NWSAL - news) marks co's third FY guidance hike in less than six months

** The British baker posts 4.9 pct rise in like-for-like sales in the 13 weeks to Oct (HKSE: 3366-OL.HK - news) . 3, helped by new products such as a spicy meatball melt baguette

** UBS (NYSEArca: FBGX - news) assumes H2 like for like sales growth at 4 pct, vs previous forecast of +3 pct & raises FY EPS forecast by 3 pct

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** Co sells food-on-the-go like sausage rolls

** More than a fourth of daily avg volume traded through in less than first 15 mins post morning bell (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)