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Director Deals - (FIF)

Director Deals - (FIF)

26 May 2021 | 09:26am StockMarketWire.com - Finsbury Food said it would resume its dividend as the bakery chain upgraded its outlook on annual profit after reporting 'strong' second-half performance. Trading in the second half of the financial year had been strong and the company now anticipated that pre-tax profit for the full year will be no less than £15.0m, ahead of current market expectations. The strong trading had been driven by improving volume performance and the benefits and improved line efficiency including lower waste throughout the group's bakeries. 'In the light of the expect...

The cakes and bread maker will also reintroduce dividends Finsbury Foods Group Plc (LON:FIF) said profit before tax for the full year will be at least £15mln, ahead of current market expectations. The speciality bakery manufacturer of cake, bread and morning goods said trading in the second half of the financial year has been strong. It said it was driven by improving volume performance and its ‘operating brilliance’ programme which has resulted in improved line efficiency and lower waste throughout its bakeries. The AIM-listed firm is also planning to reintroduce dividends for the finan...

22 February 2021 | 08:39am StockMarketWire.com - Bakery goods manufacturer Finsbury Foods reported a fall in first-half profit as revenue was hurt by a pandemic fueled hit to foodservice amid ongoing government Covid-19 restrictions. For the six months ended 26 December 2020, pre-tax profit fell 16.1% to £7.4 million year-on-year as revenue declined by 4.1% to £152.9 million. The company pledged to review the dividend, which remains suspended, for the year ending 26 June 2021 over the coming months. Looking ahead, the company said the macroeconomic environment looks set to remain uncertain...