1 August – interim management statement

In the first three months of the group’s financial year, covering the period to 30 June, it has reported revenues up by 7.4% to £209m with particularly strong performances from sausage, bacon and continental products.  Although net debt has risen to £38m by the end of the quarter compared with £22m at the end of March although the increase was due to a seasonal increase in working capital and the cost of acquiring Kingston Foods during the period.  The shares remain a BUY.