Thursday, Northern Foods Plc (NFDS.L), in its interim management statement, said it continues to trade in-line with market expectations following a solid Christmas trading performance.
The company stated that the year to date like for like sales were up 1.9%, led by good growth in Chilled and Bakery. Third-quarter like-for-like sales remained flat, reflecting the planned exit from marginal Frozen pastry contracts to enhance margins.
Northern Foods reported a 1.9% increase in year to date group underlying revenue, with volume growth of 2.7% and third-quarter group underlying revenue of up 0.1%, primarily reflecting the exit from Frozen pastry contracts to enhance margins, in line with previous guidance.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.