A “Pre-Close Trading Update” from ‘bakery goods’ manufacturer Finsbury Food (FIF) notes like-for-like sales revenue slightly higher, its “strategic diversification” and that it “is well placed to continue to drive efficiency, deliver innovation and maintain its leading position in the market”. So why a current more than 10% share price fall on the back of the update, towards 80p?...
Hello Share Noshers. Whenever I’m made to watch the Great British Bake-off (by my teenage daughter, who’s a great fan) I feel desperately hungry. Which is a bit of a worry for me because, as you’ve probably noticed, many of the competitive cakes on this show can sometimes be made from things which may put on unwelcome weight.
The show demonstrates that British people are very keen on cakes.
It can be said without doubt, that as far as shares of Finsbury Food Group are concerned we seem to be equally blessed on the fundamental and technical front, a point underlined by the way that the daily chart perspective has been so strong for so long.
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