Bakkavor holds FY guidance in face of 'subdued' consumer confidence

Fresh food maker Bakkavor on Thursday maintained full year guidance despite continued subdued consumer confidence and inflationary pressures.

Though the acquisition of Blueberry Foods had strengthened its position, the food manufacturer said it was looking to increase operating efficiencies and optimise capacity after closing its loss-making Freshcook business.

"Trading since the year end has been in line with management expectations and our guidance for the full year remains unchanged, with group performance broadly in line with 2018," the company said.

"Demand is strong in our International markets; we are excited by the opportunities and continue to structure our businesses in the US and China for long-term growth."

Bakkavor's shares were up 2.46% at 124.80p at 0805 BST.