Prêt a Manger to create 550 jobs

Sandwich chain Prt a Manger said it aims to create 550 jobs in the UK this year as annual results showed sales rising 15 per cent last year.

The firm, which is controlled by the Bridgepoint private equity firm, recorded sales of £377.3m in 2011.

Underlying profits were up 14% to £52.4m, lifted by the opening of new 24 stores in the last year.

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Prt aims to open 24 more sites in the UK in 2012 and 20 overseas

"2011 was a year of strong revenue and profit growth during which we built a record number of new stores in the UK and internationally," said the company's Chief Executive, Clive Schlee.

He added that the firm will expand its apprenticeship scheme for the homeless and increase the number of apprentices to 70 this year.

"The scheme offers an opportunity to break the cycle of homelessness by providing the most valuable gift of all - a paid job in a lively social environment," he said.

Prt gives its leftover food to the homeless and said that in 2011 said it gave away 2.4m sandwiches and salads.