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Finsbury Food Group (FIF)

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Up 78.00p
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Finsbury Food says trading in line, revenue up 4% in first four months

22 Nov 17

LONDON (ShareCast) - (ShareCast News) - Cake and bread manufacturer Finsbury said on Wednesday that trading in the first four months of the year has been in line with expectations.
Total group sales grew by 4% to 105.5m, which the company said was a "pleasing performance, which shows resilience and recognises that the UK retail food market has recently transitioned from a deflationary to an inflationary environment".

Sales in the UK bakery division were up 5% compared to the corresponding 2016/2017 period, while the overseas unit, the group's 50% owned European business, saw sales fall 3.8%.

"Having delivered strong cash flow during the period, the group is ideally positioned to maintain this focus, and the board is therefore confident that Finsbury is well-equipped to deliver growth and shareholder value going forward."

At 0940 GMT, the shares were up 2.2% to 105.80p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 78.00p
Change Today 1.50p
52 Week High 127.50p
52 Week Low 60.00p
Volume 188,954
Shares Issued 130.38m
Market Cap 101.70m


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Amount 2.34p 1.16p