McBride shares rocket on uplift

McBride, Europe's biggest maker of retailer own-brand household products, yesterday said it was trading ahead of internal expectations, boosted by foreign exchange gains and consumers switching to own-brand products. The group said it expects to increase its forecast for pre-tax profit in the year to end-June 2010 by about £6m to about £42m. The group’s shares rocketed by 11.9 per cent to 224.7p.