Europe's leading private label household and personal goods supplier McBride saw its shares slip after it warned that its full-year profits would be at the lower end of the market's range of expectations.
IC TIP:
Hold
at
168p
It said that strong performance in Central and Eastern Europe had been offset by intense promotional activity by branded suppliers in the UK, pegging first-half revenue growth back to 2 per cent. McBride said it had successfully recovered an expected 8 per cent increase in raw material prices but added that recent increases in commodity prices may prompt further action to recover costs.
When: 12 February 2010
Price: 224p
Performance to date: -25%
