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Business Insight, The Telegraph

Aim-listed bread and cake baker Finsbury Food has posted a rise in underlying profits despite being clobbered by higher labour and ingredient costs.

The company, which makes licensed products for Thorntons, WeightWatchers and the major supermarkets, said it had been harmed by the weak pound in the wake of Britain’s EU referendum and its bottom line had been further stretched in recent months by spiking egg and butter prices.

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