After a lacklustre performance in its culinary division, which led to a profits warning in September, RHM has reported “satisfactory” trading in all divisions during September and October.

In a trading update, the group estimated that group turnover for the six months to 28 October would be 2% and operating profits would be £70m.

RHM, which warned in September that its profits would be skewed to the second-half of the year due to the poor trading in its culinary brands division, which includes Bisto and Sharwood’s, said trading in the division had, in fact, been “good”.

In its bread bakeries division, including Hovis and Nimble, top-line growth had offset the impact of higher energy and wheat costs, while like-for-like sales growth of its cake brand Mr Kipling had been encouraging.

Ian McMahon, chief executive officer of RHM, said: “We are encouraged by satisfactory trading in September and October across all our divisions and are now focused on delivering a successful Christmas period.”