Cheese and milk producer Dairy Crest served up a robust set of half year figures and issued an upbeat full year outlook as it offset higher input costs with increased selling prices.
The Cathedral Cheese maker said adjusted pre-tax profit rose 9% to £43.7m in the six months ended 30 September 2011 as higher profits in Spreads and Cheese offset lower Dairies profits. Revenue increased 2% to £796.2m. Milk&more weekly sales rose to £1.2m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Rents outpace mortgages with 21% rise over three yearsRenters have seen a bigger increase in their monthly housing costs since 2022 than mortgaged homeowners, according to Zoopla
-
Reeves’s capital gains tax changes ‘backfire’ as Treasury receipts fall sharplyCapital gains tax rates were increased in the 2024 Budget but fresh data suggests the policy is failing to boost government coffers. Could it put chancellor Rachel Reeves off a wealth tax?
