Posts in LSE:FIF

Finsbury Food schedules AGM

Finsbury Food Group will holdits annual general meeting at the offices of CMS Cameron McKenna Nabarro Olswang, Cannon Place, 78 Cannon Street, London, EC4N 6AF, on 22 Nov at 9.00 a.m.

At 8:00am: (LON:FIF) Finsbury Food Group PLC share price was 0p at 109p

Sterling weakens on reports of plans to oust May

Reports some MPs may be planning to oust Prime Minister Theresa May weighed on the pound, providing a boost to the FTSE 100 as 70% of the companies in the index generate earnings overseas.

Investors were concerned about the uncertainty that would follow if May resigned and the impact this would have on the currency.

The FTSE 100 advanced 0.2% to 7,522.

Brent crude oil slumped 2.6% to $55.53 per barrel. Gold was unmoved at $1,271 per ounce and copper cheapened 0.6% to $3.01 per pound.

Weaker pound supports FTSE gains

The FTSE 100 received support from a decline in the pound. Around midday, the FTSE 100 traded 0.2% up at 7,523.

There was also a modest rally in healthcare stocks, led by Mediclinic (MDC), which gained 2.2% to 679p.

NMC Health (NMC) and ConvaTec (CTEC) also rose 1.4% and 0.7%.

Another noticeable rise was British American Tobacco (BATS), which ticked 1.8% higher to £47.89.

Brent crude oil fell 0.4% to $56.75 per barrel.

Finsbury Food to close Grain D'Or factory

Finsbury Food Group - a leading speciality bakery manufacturer of cake, bread and morning goods for both the retail and foodservice channels - has decided to close Grain D'Or factory.

It said that the closure, which was anticipated to be completed by 2 Dec, meant the company would benefit from not supporting the losses associated with the factory.

Keep holding these shares for the future

Keep holding these shares for the future

Despite some problems, there's no reason to ditch these two stocks yet, argues companies analyst Richard Beddard. He's holding because of what they might still achieve in the future.

Why I’d ditch this falling knife and buy Legal & General Group plc

Finsbury Food Group (LSE:FIF) was back on the defensive in start-of-week business with the AIM-listed business last 2% lower on the day.

It has seen its share price decline 16% over the past three months, culminating in today's decline to a two-year trough. While this drop can hardly be considered nosebleed territory, I fully expect the Cardiff-based firm to remain locked in a downtrend as trading conditions become ever-more difficult.

Finsbury Food resilient in deflationary market

Finsbury Food delivered resilient UK sales in a deflationary market, with the impact of UK retail food market deflation in the period offset by innovation in cake and growth in speciality bakery ranges.

Group revenue of £314.3m for the 52 weeks to the beginning of July was flat on a like for like basis, (2016: £319.7m 53 weeks, £313.5m 52 weeks).

Adjusted operating profit of £17.4m was up 4.2% on a like for like basis, (2016: £17.1m 53 weeks, £16.7m 52 weeks), with adjusted operating profit margin of 5.5% (2016: 5.3%).

Adjusted pre-tax profit of &poun

The week ahead: Babcock, Finsbury Food

The week ahead: Babcock, Finsbury Food

Baker Finsbury Food kicks the week off, while Babcock and small-cap winners Keyword Studios, MaxCyte and Attraqt also report.

Finsbury Food to close Grain D'Or business

Finsbury Food Group is proposing to close its London-based Grain D'Or business which provides premium baked goods for the UK pastry sector.

The company said it would be entering into a formal consultation period with around 250 employees concerning the proposal.

The company has proposed the closure of Grain D'Or as the business has been historically loss making.

Finsbury Food said that in recent years it had implemented a range of initiatives to improve the business including strict cost controls and introducing new working practices.

These ignored value stocks could help you retire early

Pockets of value can often be found in unlikely places in the stock market. Today I'm going to look at two companies whose sectors are out of favour, but which seem to be trading well. Both stocks look fairly cheap to me. Should value investors take a closer look?