Finsbury Foods update doesn’t satisfy markets

By
0 mins. to read
Finsbury Foods update doesn’t satisfy markets
Master Investor Magazine 46 cover

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The share price of AIM-listed baker Finsbury Foods (LON:FIF) sank by 11.08% to 82.70p (as of 14:40 GMT) after the company said that revenues for the six months ended 31st December were 3.5% lower than the prior year. The core UK baking division grew by 1.7% despite difficult macroeconomic conditions, but sales from the overseas divisions dropped by 8%.

Management said the integration of the recently acquired Ultrapharm was proceeding as planned and believe that the group remains well placed in its industry despite difficult market conditions.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.