Daily Mail

Angel Delight boost

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BOOMING sales of Angel Delight desserts and Cadbury cakes sweetened half-year results at Premier Foods.

Shares in the company, which also makes Ambrosia custard and Bisto gravy, surged 6pc after it reported a 1.5pc rise in revenues to £353.3m for the 26 weeks to the end of September. Profits were up 2.3pc to £22.5m.

Business was driven by a 7.8pc rise in convenienc­e foods made by Batchelors, such as Super Noodles, and a 30pc rise in sales of Angel Delight, which was relaunched this year in ‘singleserv­e’ pots.

Mr Kipling and Cadbury cakes went down a storm in Australia, and the firm clinched a new agreement in May with Cadbury to extend a lucrative licensing deal to at least 2022.

Gavin Darby, chief executive, said: ‘We continue to expect the business to make progress in the second half of the year and our expectatio­ns for the full year remain unchanged.’

Shares in the firm rose 6.2pc, or 2.25p, to 38.75p.

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