Latest Share Chat

FIF.L Share News (FIF)

FIF.L Information

There is currently no data for FIF

Finsbury Food UK Trading Drives First-Half Revenue Climb

Thu, 16th Jan 2020 11:19

(Alliance News) - Finsbury Food Group PLC on Thursday said it is trading in line with expectations, with first-half sales rising year-on-year, as the baker's UK unit offset declines elsewhere.

In the six months to December 28, Finsbury Food's sales rose by 4.7% from a year before to GBP159.4 million.

In its UK Bakery division, sales grew by 5.8% year-on-year during the first half, but in its Overseas division, they declined by 3.5%.

Finsbury Food said: "Notwithstanding the group's continued momentum, management are cognisant of the difficult trading environment and wider macro-economic uncertainty, and remain focused on innovation, efficiency and investment.

"The group is trading in line with market expectations for the full year."

The company will announce its interim results on February 24.

In its UK segment, Finsbury Food has licensing agreements with Walt Disney Co, to produce themed cakes, and the Thorntons chocolate brand, operated by Italian Nutella and Ferrero Rocher-owner Ferrero SpA.

Additonally, Finsbury owns the Johnstone's Just Desserts cake supplier business, which it rescued from administration in 2015.

Internationally, Finsbury Food has a presence in France, Belgium, the Netherlands and Luxembourg.

Finsbury shares were 1.1% lower at 97.90 pence each in London on Thursday morning.

By Eric Cunha; ericcunha@alliancenews.com

More News

26 Sep 2011 17:15

London close: Financials soar on Eurozone bailout hopes

In a battle between booming banks and melting miners, the banks emerged on top, as Footsie reversed early losses to finish in the blue. Hopes that Eurozone governments will get their act together and seriously bumnp up the Eurozone bailout fund, while pushing through more severe "haircuts" - reduc

26 Sep 2011 12:10

London midday: Banks power FTSE 100 rebound

Stocks have rebounded strongly from their weak start, with a buoyant performance from the banking sector helping to offset continued weakness in mining stocks. Precious metals stocks in particular are in the firing line as prices for gold and silver continue their downward turn, bucking the usual r

26 Sep 2011 07:12

Appetite returns for Finsbury Food's cakes

Cake and bread maker Finsbury Food posted a 12.6% increase in annual revenue as its cake division returned to growth and progress was made across the rest of group. Adjusted pre-tax profit rose to £5.8m in the year ended 2 July 2011 from £5.4m the year before. Revenue swelled to £189.6m from £168.3

27 Jul 2011 06:53

Wednesday tips round-up: Glaxo, BG, Finsbury Food...

Amid all the doom and gloom across the stock market and beyond, GlaxoSmithKline gave investors a reason to smile yesterday. Yes, turnover was down in the second quarter, but the pace of decline was slower than before. Not just that, but profits were sharply higher, and the second-quarter dividend wa

23 Mar 2011 17:19

London close: Miners push Footsie higher

Footsie ended the day close to its high point though that was largely due to the strength of mining stocks rather than a rapturous reception to the UK Budget. What did get a rapturous reception, at least for a while, was the news that the voting by the Monetary Policy Committee in March on interest

23 Mar 2011 15:00

London afternoon: Housebuilders get Budget boost

It would appear that the UK Budget was far from a blockbuster as the market has reacted phlegmatically to the Chancellor's big day. The headline grabbing move was the commitment to effectively abolish National Insurance and push up income tax to compensate, but this will not take effect for some t

23 Mar 2011 12:24

London midday: Back to square one

Footsie ended the morning more or less where it started it, as investors sit tight ahead of the Budget speech at 12:30pm. Resource stocks are in demand, with ENRC sitting atop a buoyant mining sector and Cairn leading oils higher. Underlying profits more than doubled last year at Kazakhstan-based

23 Mar 2011 09:00

London open: Market unsettled as Sainbury's disappoints

Budget days are normally quiet, but supermarket giant J Sainsbury's slightly disappointing trading update has unsettled the mood. Caution ahead of today's speech by the Chancellor will also be keeping some on the sidelines. Supermarket giant Sainsbury's grew like for like sales by slightly less th

23 Mar 2011 07:27

Finsbury Food cautiously optimistic

Cake and bread maker Finsbury Food reported a 3% rise in half year pre-tax profit helped by a strong performance from its Bread and 'Free From' and a return to profit at its cake division. Pre-tax profit rose to £1.9m for the six months ended 1 January 2011 from £1.8m before. Group revenue increase

22 Mar 2011 18:38

Wednesday preview: BoE minutes, Budget, Sainsbury

Corporate news is set to take a back seat to economic news as Wednesday sees the release of the minutes from the most recent meeting of the Monetary Policy Committee (MPC), and it is also the day the Chancellor of the Exchequer, George Osborne, delivers his second Budget speech. The MPC has become

21 Jan 2011 12:08

Small caps round-up: African Eagle, Finsbury Food, Thor Mining

African Eagle's £3.7m placing at 15.5p a share was oversubscribed by new and existing institutional shareholders, the company said Friday. Chairman Euan Worthington said the firm, which is pinning its hopes on the Dutwa nickel project in Tanzania, had enough cash to complete a pre-feasibility study

30 Nov 2010 16:28

London close: Late blow for Footsie

Blue chips climbed out of the red late afternoon as losses across the Atlantic narrowed, but a late sell-off took the leading index back into negative territory and a new two-month low. A better than expected read on US consumer confidence helped trim the deficit on Wall Street, although fears abou

30 Nov 2010 15:02

London afternoon: Vedanta falls after yanking flotation

Though the majority of its constituents are lower, the FTSE 100 index is little changed on the day. Financials remain unnerved by worries over the future of the eurozone but otherwise the picture remains mixed, as it has been for most of the day. In a mixed mining sector Vedanta heads lower after i

30 Nov 2010 12:05

London midday: Shares hesitant as nervousness continues

Shares are still seeking direction having given up their early lead amid nervousness over the European debt situation. The US could provide a lead. Investors are gearing up for a report on US consumer sentiment at 3pm UK time and the S&P/Case-Shiller index of property values, due out an hour earlie

30 Nov 2010 07:44

Finsbury Food toasts return to growth

Cake and bread maker Finsbury Food served up a 4.9% increase in like for like sales in the first 17 weeks of the current financial year ending 30 June 2011 as it continues to drive down costs. Its Bread and Free From division saw robust organic growth of 12.3% year on year, with its fresh gluten f

Latest Share Chat

FIF.L Share News (FIF)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Finsbury Food UK Trading Drives First-Half Revenue Climb

Login to your account

Quickpicks are a member only feature

Login to your account