UK baker buoyed by premium ranges

Cake and bread maker Finsbury Foods today banked a sharp rise in profits after strong consumer demand for its premium range products.

The company posted a 12% rise in pre-tax profits for the six months to December 31 to £1.13m (€1.66m) , with turnover up 32% to £43.4m (€63.9m), led by growth at its Memory Lane Cakes division.