- NWF Group reports that H1 trading was lower than the prior year as a result of a weaker first quarter, but has been better in recent months. Directors maintain their FY expectations in terms of performance and net-debt levels.

- In the Feeds division, trading was impacted by lower market demand for ruminant feed, particularly in the first quarter, and a rapid increase in commodity costs.

- In Food, the business efficiently met increased demand for storage and distribution from customers. Service levels were maintained at 99.7% and the Wardle warehouse remains fully utilised.

- The Fuels division was impacted by warm weather and lower demand for heating oil during the summer and early autumn, although this has been partially offset by a strong performance in November.

- The acquisitions of New Breed, Staffordshire Fuels and Jim Peet made in the prior year have performed as expected and the mill expansion plans are being successfully delivered.

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