- Finsbury Food's total group sales revenues grew to GBP102m during the first four months of its new financial year, up 78.1% on last time, which includes organic growth of GBP5.8m, up of 10.1% over the prior year.

The UK Bakery division grew by 8.7% and the Overseas division, the group's 50% owned European business, grew by 19.4%.

In October the group celebrated the first anniversary of the Fletchers acquisition, which is now fully integrated and performing strongly. Johnstone's was acquired in June, just before the start of the current financial year, and is also integrating well.

The group continues investing in the business which includes an increased focus on capital expenditure enabling the Directors' to maximise sales, efficiency and productivity opportunities across all businesses.

A trading statement says: "Whilst consumer confidence has improved, the economic and trading outlook remains uncertain and we anticipate that the Fletchers and Johnstone's acquisitions will drive the majority of the Group's growth in this financial year. The Board believes our larger, more diversified speciality bakery group is a strong multi-channel business, well equipped to deliver growth and improved shareholder value over the coming years."

Story provided by