Food manufacturer Canterbury Foods has warned that its full-year results will be worse than expected after a poor first-half for its meat division.

The group said: “Trading in the first half of the year in the meat division of the group has suffered significant loss of revenue so that the results for the year will be substantially below market expectations.”

It added that the market for burgers was in decline and as a result the group had suffered a net loss of contracts and price deflation.

Canterbury will reveal its results for the 26 weeks to June 30 in September.