Finsbury Food Group has seen group revenue rise by 12%, according to its latest trading update. However, it still predicts operating margins will be 1-2% lower than last year. Within its largest division, the bakery manufacturer has seen cake sales increase by 4% in absolute terms, but like-for-like growth has been “flat”. According to the statement released: “Growth in this part of the business has been impacted by a reduction in sales of seasonal products in our range.”