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Finsbury Food Group PLC Ord 1P (FIF)

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21-Sep-2020 08:46 AM

Finsbury Food scraps final dividend as annual profit slumps on weaker sales

Specialty Bakery group Finsbury Food scrapped its final dividend and reported a slump in profit as the pandemic hurt sales to foodservice and out of home eating businesses. For the 52 week ended 27 June 2020, pre-tax profit fell £2.9m from £
15-Jul-2020 09:47 AM

Finsbury Food revenue falls as lockdown hurts performance in H2

Bakery manufacturer Finsbury Food reported a fall in revenue as the pandemic hurt performance in the second half of the year. Revenues for the year fell to £306.3m from £315.3m on-year. Revenue in the group's core division, UK Bakery
27-Mar-2020 10:14 AM

Finsbury Food withdraws dividend, warns on performance in foodservice business amid lockdown

Bakery manufacturer Finsbury Food cancelled its dividend and warned trading in its foodservice business was likely to continue to be 'significantly' impacted following lockdown measures nationwide to contain the Covid-19 outbreak. The company
24-Feb-2020 08:59 AM

Finsbury Food half-yearly profit gets boost from UK bakery business performance, new business wins

Bakery company Finsbury Food reported a rise in half-yearly profit, underpinned by performance in its core UK bakery business and new business wins. For the 26 weeks ended 28 December 2019, pre-tax profit rose 17.9% to £8.8m on-year and revenue wa
16-Jan-2020 09:58 AM

Finsbury Food sales driven higher by performance in UK bakery business

Baking group Finsbury Food said first-half sales in its core bakery business in the UK helped offset weakness in its overseas division. Sales rose 4.78% to £159.4m on-year in the first half of year, driven by the company's core division, UK B
20-Nov-2019 08:59 AM

Finsbury Food touts good start to year as sales grow despite UK macroeconomic uncertainty

Bakery group Finsbury Food said sales in the first four months of the new financial year grew by 6.4% to £101.5m, driven by strong retail and foodservice performance in the UK and new business wins. The bakery group also said it was 'confide
16-Sep-2019 08:16 AM

Finsbury Food operating profit falls owing to margin pressure

Bakery group Finsbury Food posted a large rise in annual profit, though its underlying earnings fell due to thinning margins. Pre-tax profit including exceptional items for the year through 29 June rose to £13.6m, up from £4.5m on-year. Rev
15-Jul-2019 08:36 AM

Finsbury Food expects to deliver profits in line with expectations following a stronger second half

UK-based baker Finsbury Food Group said it expected to deliver profits in line with expectations thanks to a stronger second-half performance driven by price recovery and new business wins. On a like for like basis, group sales revenue were expected to
25-Feb-2019 04:27 PM

Finsbury Food Group swings to profit in first half

Finsbury Food Group swung to a first-half profit Monday despite falling revenues amid a 'challenging' period. For the six months to 31 December, the company reported a pre-tax profit of £7.5m compared with a loss of £1.2m a year ear
16-Jan-2019 08:46 AM

Finsbury Food Group sales fall amid 'difficult' macro environment, rising costs

Finsbury Food Group said Wednesday sales declined 3.5% blaming a difficult macro environment and a 'sustained' rise in input cost. For the six months to 31 December, total revenue declined 3.5% to £152.3m, and like for like revenue incr
21-Nov-2018 02:23 PM

Finsbury Food trading in line with expectations amid contract wins

Specialty baker Finsbury Food Group said it expected its annual performance to meet its expectations following a number of significant contract wins. The company continued to trade in a difficult environment with sustained inflationary pressures, chairma
17-Sep-2018 08:06 AM

Finsbury Food profit falls after bakery closure, underlying earnings rise

Finsbury Food Group said Monday profits slumped after it sold an unprofitable bakery, though underlying earnings improved. For the 12 months ended 30 June, profit before tax fell 65.7% to £4.5m while group revenue fell 3.4% to £303.6m. Howe
16-Jul-2018 02:44 PM

Finsbury Food sales down 3.4% in 'very challenging' environment

Specialty baker Finsbury Food Group said its annual sales fell 3.4% after it closed some bakeries in what it described as a 'very challenging environment'. Sales for the year through June fell to £303.6m. On a like-for-like basis, they ro
22-Nov-2017 08:20 AM

Finsbury Food sales revenues up 4%

Finsbury Food Group total sales revenues grew by 4% to £105.5m during the first four months of its 2017-18 financial year and trading was in line with expectations. The group said this was a pleasing performance which showed resilience and recognis
20-Oct-2017 08:00 AM

Finsbury Food schedules AGM

Finsbury Food Group will holdits annual general meeting at the offices of CMS Cameron McKenna Nabarro Olswang, Cannon Place, 78 Cannon Street, London, EC4N 6AF, on 22 Nov at 9.00 a.m. At 8:00am: (LON:FIF) Finsbury Food Group PLC share price was 0p at 10
06-Oct-2017 07:09 AM

Finsbury Food to close Grain D'Or factory

Finsbury Food Group - a leading speciality bakery manufacturer of cake, bread and morning goods for both the retail and foodservice channels - has decided to close Grain D'Or factory. It said that the closure, which was anticipated to be completed
18-Sep-2017 07:20 AM

Finsbury Food resilient in deflationary market

Finsbury Food delivered resilient UK sales in a deflationary market, with the impact of UK retail food market deflation in the period offset by innovation in cake and growth in speciality bakery ranges. Group revenue of £314.3m for the 52 weeks t
23-Aug-2017 07:24 AM

Finsbury Food to close Grain D'Or business

Finsbury Food Group is proposing to close its London-based Grain D'Or business which provides premium baked goods for the UK pastry sector. The company said it would be entering into a formal consultation period with around 250 employees concerning
17-Jul-2017 07:14 AM

Finsbury Food like-for-like revenues rise

Finsbury Food Group's total company sales revenues grew to £314.3m in the year to 1 July - a like-for-like increase of 0.3% on the prior year - but there was a fall in its UK bakery division. The group said it was confident of delivering prof
21-Mar-2017 09:30 AM

Broker Forecast - Beaufort Securities issues a broker note on Finsbury Food Group PLC

Beaufort Securities today downgrades its investment rating on Finsbury Food Group PLC (LON:FIF) to hold (from buy) and set its price target at 125p. Story provided by
20-Mar-2017 07:20 AM

Finsbury Food operating profits rise

Finsbury Food Group's operating profits rose to £8.3m in the 26 weeks to the end of December - 4% up on last time. The speciality bakery manufacturer of cake, bread and morning goods for the retail and foodservice channels said revenues were u
03-Feb-2017 08:49 AM

Finsbury Food schedules interims

Finsbury Food Group will announce its interim results for the six months ended 31 December on 20 March. At 8:49am: (LON:FIF) Finsbury Food Group PLC share price was 0p at 110p Story provided by
23-Nov-2016 07:18 AM

Finsbury Food on track

Finsbury Food Group says that, following the very strong growth of recent years, trading has been successfully maintained at these levels into the new financial year and performance is in line with expectation. Total group sales revenues were £101.5m du
19-Sep-2016 07:18 AM

Finsbury Food revenues up

Finsbury Food Group's revenues rose to £319.7m in the financial year to 2 July - up 24.8%, 52 week revenue £313.5m up 22.4% (2015: £256.2m) and up £12.8m, 5.0% on a like-for-like basis. Gross profit rose by 30% to £102.6m up 30% and adjusted opera
18-Jul-2016 07:37 AM

Finsbury Food's strong trading continues

Finsbury Food (FIF) said strong trading continued in the second half of the year. The group is confident of delivering profits in line with market expectations, which were upgraded following the strong first half year. Total company sales revenues grew
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