Bread and cake manufacturer Finsbury Food Group has reported strong Christmas trading and predicted its full-year pre-tax profit will exceed current market forecasts.

At the half-year, sales at its cake subsidiary Memory Lane Cakes were up 5% against the year before, the group said in a trading update.

For the six weeks to the end of December, the combined sales of its cakes businesses California Cake Company and the Campbells Cake Company, increased 25%, it added.