Uniq narrows its losses but wary on future

UNIQ’S full-year pre-tax loss narrowed, helped by an improvement in its desserts business following a restructuring, but its said raw material prices and increasing competition were taking their toll.

The company, which sells desserts, sandwiches and salads to retailers, including Marks & Spencer and Costa, reported a pre-tax loss of £11.2m last year against £18.5m in 2009. It said it had identified profitable growth opportunity in some of its markets.