McBride, which manufactures own-label household and personal care products, has warned its full-year profits will be £5m lower than expected due to escalating commodity prices.

The Manchester-based company said that although sales were in line with expectations and were 1% up in the past four months, commodity costs were continuing to increase.

"Recent further escalation in commodity prices has led us to anticipate that fourth-quarter material costs will be higher than expected," warned chief executive Chris Bull.

"Further initiatives will be implemented to recover these cost increases but the time-lag, combined with an ongoing weak trading environment, is expected to result in a further reduction in trading profit this year of around £5m.

"We will continue to monitor commodity prices very closely and will act quickly to recover any further increases."

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