Shares in Uniq fell 6p to finish on 194p yesterday following disappointing interim results from the convenience foods manufacturer.

Continuing operating losses for the six months to 30 September were £8.4m, down from £12.2m the year before, on sales down £1.5m at £406.3m.

“If you believe the current management is capable of turning this operation around then there is clearly significant potential in profit and, we think, the share price. Neither, however, will be delivered overnight and we think the market should be prepared for setbacks along the way,” said Nicola Mallard, an analyst from Investec.