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The share price of Famous Brands, owner of Steers, Wimpy and Mugg & Bean, surged more than 10% at one stage on Wednesday after it said lockdown restrictions and last July’s unrest did not derail its return to full-year profit.

Headline earnings per share (heps) from continuing operations are expected to rise 504%-639% to as much as 392c for the year to end-February, the group said in an update. But this profit measure, which excludes some once-off items, is still below prepandemic levels. ..

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