- NWF Group, an agricultural and distribution business, said trading in the first quarter has been ahead of last year and in line with the board's expectations.

Sir Mark Hudson, chairman, said net debt reflects the normal seasonal fluctuations.

Feeds summer market volumes have been robust as the milk price continues to improve, margins are in line with expectations and the anticipated cost savings from the new operating platform are being delivered as planned.

In the Food division, trading has been in line with our expectations and the focus remains on business development to fully use the Wardle site in 2018. Activity levels have followed the normal seasonal pattern in the first quarter and service levels remain good at 99.6%.

Fuels has delivered a solid improvement in profitability compared to prior year. Volumes have continued to increase, particularly as a result of increased commercial business, with road diesel contributing most significantly to the growth.

"The board's outlook for the financial year remains in line with its expectations and we continue to focus on development opportunities, both organic and through targeted acquisitions," said Hudson.

At 8:11am: [LON:NWF] NWF Group PLC share price was +3.5p at 167.5p

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