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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Fashion & brands

McBride jumps 20% as trend towards own-label continues

McBride jumped by a fifth as the own-label household products maker said people are still switching away from branded goods to cheaper options.

First-quarter volumes were 8% higher overall compared to the first quarter of last year, with private label growth of 10.8%.

"Consequently, for the first three months of the current financial year our business has traded £8m ahead of internal forecasts at an EBITA level," said the statement.

Inflation remains a problem, the group added, with labour, energy, and indirect cost inflation still rising, though raw material and packaging costs have stabilised.

Macroeconomic instabilities currently are another risk and might ultimately result in further input cost pressures.

Shares rose 7.25p to 39.9p

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