Dairies sour Dairy Crest results
Dairy Crest today (24 May) insisted it expects to see an improved return from its dairies division after the unit pushed the UK dairy processor into the red in its last financial year.
The UK's largest dairy processor Dairy Crest this morning (24 May) made a full-year net loss after incurring impairment charges at its dairies business. The firm, which plans to close two dairies and is mulling the future of its French business, delivered results that garnered a mixed reaction from the City.
The UK's largest dairy processor Dairy Crest has made a full-year net loss after incurring impairment charges at its dairies business.
Arla Foods has announced plans to merge with UK dairy farmer co-operative Milk Link in a deal that would create the country's largest dairy group.
Dairy Crest plans to close two dairies in a bid to reduce costs and sustain profitability at its liquid milk business, putting more than 400 jobs at risk.
Last week, Dairy Crest announced that it is considering the sale of its French spreads brand, St Hubert. In a move that raised some eyebrows in the investment community, the…
The news that Dairy Crest is mulling the future of St Hubert, its branded spreads business in France, has garnered a mixed reaction from the City. The UK dairy company's…