McBride has announced that its profits will be 'in line with expectations' and has described trading conditions as "challenging".

The firm, which has a factory on Park Road in Barrow, is a manufacturer of household and personal care products and made this announcement in a trading update to the London Stock Exchange.

This covered the period to the end of its financial year, on June 30.

It said: "Adjusted operating profit for the full year is forecast to be in line with expectations.

"As anticipated, trading conditions in the second half year remained challenging. Against that backdrop, McBride's ongoing initiatives to manage gross margins and maintain close control over its overhead cost base were effective in mitigating the impact of competitive markets and raw material price inflation."

This statement added that underlying revenues were 3.8 per cent lower than in the same period in 2016, on a "constant currency basis".

The board of the company has introduced a strategy called "manufacturing our future" and is "pleased with the progress to date".

Earlier this month McBride announced that it had agreed a refinancing deal with "improved terms" between it and its lenders.

The group will announce its preliminary annual results on September 7.