AN investment guru has made a tasty profit after selling part of his stake in a cake firm.

Jim Slater has made more than £60,000 in eight months after buying shares in Blackburn-based Inter Link.

Last summer Mr Slater, known in investment circles for picking firms with special growth potential, bought a £300,000 stake in the firm. He has now sold 108,300 of his shares - netting a profit of more than 50 per cent.

He still owns 145,000 shares in the firm worth around £250,000.

Shares in Inter Link have risen by more than 60 per cent since they were floated on the stock market in 1997. The firm runs Crossfield Bakery in the town which manufactures cakes including cherry bakewells for major supermarket chains.

London-based Mr Slater, who has a following of thousands of private investors, is said to be an avid fan of the firm's cherry bakewells!

Inter Link foods was set up six years ago to buy out struggling Crossfield Foods in the town five years ago.

At the Blackburn firm's annual general meeting in September chairman Jeremy Hamer said profits in the first quarter of its latest financial year were up by 67 per cent and sales up by 15 per cent on the same period last year.

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