finsbury food group said wednesday that revenue in the second half of fiscal 2023 rose 17 as total group sales increased but it expects macroeconomic challenges to continue in the new financial year the uk bakery group said that for the year ended july 1 total group sales rose 16 to 4137 million pounds 5393 million and that this was driven primarily by price and the incremental volume stemming from the acquisition of lees foods the company said its core divisionuk bakerysaw a 145 increase in sales and that this included a continuation of the recovery in foodservice which rose 25 the company said that although it continued to operate in an incredibly challenging environment with significant cost inflation and macroeconomic uncertainly persisting throughout the period it had successfully focused on managing challenges through commercial terms operational improvements as well as other supply chain and overhead initiatives this focus will remain as further challenges are expected in the new financial year it said the company continues to be well placed to meet longterm growth targets chief executive john duffy said