McBride, which supplies toothpastes to supermarkets, said that the UK had proved to be a difficult market ALAMYInvestors headed for the exit as one of Europe’s largest suppliers of cleaning products warned that profits would be about 15 per cent lower than expected because of rising costs and falling sales. McBride, which supplies detergents, toothpastes and mouthwashes to supermarkets, said that the UK had proved a particularly difficult market, with the final two months of the year slowing further. Its shares shed 13¼p, or 16.6 per cent, to 66¾p, valuing the business at about £122 million. McBride, which recently sold its UK aerosol division, is based in Manchester, has 4,000 employees and operates in ten countries. Revenues from its household division in the six months to the end of December were down by 1.4 per cent compared with a year earlier, with…

Source: The Times January 14, 2020 23:59 UTC