Arla Foods today (29 August) reported a doubling of earnings in its first-half, boosted by M&A. The company has taken a lead in the process of consolidation underway in the European dairy sector, with deals in the UK and Germany. Arla expects to continue to play an active part in European consolidation in the dairy sector as well as looking to M&A to drive growth in emerging markets, Michelle Russell discovered when she caught up with Arla CFO Frederik Lotz.