Dairy Crest's outlook spoils
Dairy Crest, the UK dairy group, may have had some good news in its half-year results but the company's outlook spooked the market and its shares plunged. Ben Cooper looks at what the near future...
Dairy Crest is to cut “up to 80 jobs” from its head office as the UK group battles to keep a lid on rising costs amid the economic downturn.
Shares in Dairy Crest tumbled this morning (10 November) after the company warned annual profits would fall by around 10% as consumers become more “value driven”.