Shares in the maker of brands such as Oven Pride have jumped to their highest value in almost a year after it revealed its losses and net debt will be lower than previously expected.
Manchester-based McBride, which makes and supplies private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, has said "new business wins combined with favourable demand levels for private label products, have meant that output levels are more favourable than expected".
It added that customer service levels have "continued to improve significantly, in turn delivering better volumes and supporting opportunities for more strategic partnerships with key customers".
