Real Good Food set to beat FY forecasts

2nd Jun 2011 08:12

Shares of Real Good Food rose 5% after it said it is on course to significantly exceed current market forecasts for the year after strong exports to the US and increased demand for bakery products.The group said all businesses recorded a strong start to the current financial year.Progress has been made at Napier Brown despite sugar prices reaching record levels while bakery ingredients firm Garrett, formerly part of Napier Brown, continues to develop well as a stand-alone entity.Meanwhile Renishaw was the group's star performer last year, driven by strong demand from the home baking sector and rapid growth in export sales, particularly to the US, it said.Haydens continues to progress with the recovery plan instigated last year. CJ