Finsbury cautious after egg scare

On the egg scare, Finsbury said egg dioxin scare in our Memory Lane cake business, communicated previously, has resulted in a challenging start to the second half of the financial year. Although the products were safe to consume, cakes were removed from shelves by retailers as a precautionary measure. The fact that there was no public health risk, led the company's insurer to challenge recovery of any associated withdrawal costs and it is currently in discussions with the insurer, retailers and the egg supplier to resolve the issue. More generally, Finsbury – which specialises in cake, bread and gluten free bakery goods – said that its constantly evolving operating environment continued to be very challenging with commodity price and cost inflation pressures on one hand and fragile consumer confidence impacting spending on the other. "Our internal efficiency programmes across the business remain key in our meeting these external challenges," said a trading statement.