Finsbury Food 30/03/2007
Premium cake-baker Finsbury Food Group has cooked up tasty half-year results and expects to drive a number of synergies from recent acquisition Lightbody.
Premium cake-baker Finsbury Food Group has cooked up tasty half-year results and expects to drive a number of synergies from recent acquisition Lightbody.
Shares in fizzy drinks maker Barr sprang back by 6.5% today as sparkling results for the year to 27 January were decanted into the market, after a January trading statement had triggered falls with taboo phrases about the market’s ‘competitive nature’.
Acquisitive snack and confectionery foods counter Glisten, recommended by Growth Company Investor as a strong buy at 343.5p in May, has delighted followers with its fifth set of record interim figures for the half to December.
Commencement of the EU Single Farm Subsidy Payment twinned with rising fuel and power prices halted agricultural supply business Wynnstay’s profits growth for the first time in five years.
The influence of global warming is widening among the AIM stocks, as cake maker Inter Link has attributed its £1.6m interim loss to the unseasonable climate.
The Chinese government hopes to see domestic orange consumption increase by 30% in the next decade and plantation owner Asian Citrus is growing to feed this demand.
A solid interim performance to July from pop drinks group AG Barr in the first half, in the face of a major reorganisation of its distribution system, suggests a bumper full year lies ahead.
Orange plantation owner Asian Citrus was founded by Hong Kong entrepreneur Tony Tong, now chairman and chief executive, on the notion that orange demand in China outstrips supply.
Alcoholic beverage group Blavod Extreme Spirits is eyeing breakeven in the next couple of years and as it adds further brands to its portfolio and becomes an increasingly attractive target to the drinks majors.
After a profit warning in May saw cake baker Inter Link’s shares crumble by almost two thirds, an impressive set of results this month has helped the company emerge from under its black cloud.
Confectioner Zetar is becoming a more wholesome investment after picking up profitable dried fruits supplier Humdinger to support its nascent healthy snacks division.
Shares in Real Good Food have fallen 27% on news of a ‘significant reduction’ in expected profits from chairman Pieter Totte at the group’s annual general meeting.
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