Shares in McBride were down on the FTSE 250 after the provider of personal care products said that the full year outlook will be "towards the lower end of expectations".

In the six months to 31 December McBride said that revenue increased two per cent, thanks to growth in central and eastern Europe.

The group said that trading in Britain had been "very competitive" and that consequently it predicted first half trading profit of £20 million, while net debt was predicted to reach £72 million.

In a statement McBride said, "Given the uncertain outlook for the retail sector the Board believes that the full year outlook may be towards the lower end of its expectations."

By 13:20 shares in McBride were down 5.93 per cent on the FTSE 250 to 172.90 pence per share.