Rising costs at Finsbury Foods
The company, which owns Hamilton-based cake manufacturer Lightbody, said a focus on efficiencies had helped mitigate the increases and it expects to report first-half profits in line with market expectations.
Chief executive John Duffy said: “Whilst the trading environment remains tough in the short term, our low level of debt and interest cost allows us to make significant investment in our factories and businesses for the future.
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Hide Ad“In a transitional year following the sale of the fast-growing ‘Free From’ division and consequent group restructuring and capital investment, I am pleased with the progress made.”
Shares closed down 3.25p at 51.5p.