Current trading at cake and speciality bread manufacturer Finsbury Food Group is in line with expectation, Lord Saatchi, chairman of Finsbury Food Group has revealed.

Speaking at the group’s annual general meeting, Lord Saatchi said that its cake business Memory Lane Cakes was approaching the completion of its Christmas 2005 programme and that its Nestlé programme was progressing in line with expectation.

“We are confident that we are better placed than ever in an increasingly competitive market,” he added.