Winning Sainsbury’s liquid milk contract has put Dairy Crest on track to reach its dairies division target of 3% operating profit margin, according to City analyst Panmure Gordon.
Production staff at Dairy Crest’s Fenstanton plant in Cambridgeshire are expected to clock off for the last time today (Friday, January 11), in line with its plans announced last April to close the site with the loss of 248 jobs.
Dairy Crest has reported a "continuing difficult trading environment", particularly for its Dairies Division, for the first half of the financial year (H1). This has led analysts to call for an improvement in its performance in the second half...
After a “challenging” first half, Dairy Crest will need a strong second half performance to make up the balance sheet, according to city analysts at Shore Capital.
Farmers have welcomed the decisions by all the major food processors to cancel or suspend milk price cuts that were due to take place on August 1, but warned this was only a first step and would not end their protests.
Three milk processors have abandoned plans to cut the price they pay for milk on August 1, but farmers have pledged to continue their blockades of milk processing depots until all the price cuts are rescinded.
Dairy Crest will start shopping around for acquisitions in the UK next year, after disposing of its French St Hubert spreads business, according to City analysts.
Dairy Crest has reported results for the year ended March 31 much in line with City analysts’ expectations, with an adjusted profit before tax of £87.4M on revenues up 2% at £1,632M.
Dairy Crest’s decision to axe 500 jobs at two of its UK dairies, coinciding with the loss of a key liquid milk contract with Tesco, confirms its commitment to the market, according to city analysts.
Unite the union and the Union of Shop, Distributive and Allied Workers have confirmed that they are in talks with Dairy Crest following its decision to axe nearly 500 jobs with the closure of two UK dairies.
Premier Foods, Dairy Crest and Britvic are among a growing number of food and drink manufacturers under increasing financial pressure as a result of a struggling retail market, according to a new report.
The spectre of Dairy Crest’s future exit from liquid milk has again been raised by industry commentator Julian Wild of Rollits solicitors following a pre-close trading update from the firm.
Dairy Crest intends to make further acquisitions in the UK dairy and chilled food sector, according to city analysts, after the firm revealed it was considering the possible sale of its St Hubert spreads division.
Dairy Crest last year selected Nottingham-based consultancy Coriolis to work with on a £3.1M expansion project at the dairy's cold store facility at Dove Valley Park at Foston, just off the A50 between Stoke and Derby.
Higher milk prices and a fall in the price of cream have hit profits at Dairy Crest, according to city analysts, after the firm announced a drop in profits for its dairies business.
Müller's announcement that it had launched an agreed takeover of Britain's "leading" liquid milk supplier Robert Wiseman Dairies was the biggest surprise of the past month.
Cow shuffling may never make it as an Olympic sport, but dozens of British dairy farmers have taken it up recently on behalf of Robert Wiseman Dairies. They've spent months testing their animals and rejigging multiple herds in order to form an elite...
The UK liquid milk market could be a target for further foreign takeovers following German yogurt maker Müller’s accepted offer for Robert Wiseman dairies earlier this week, analysts have said.
Higher cheese prices and profits from property sales helped Dairy Crest to a strong financial performance for the period ending September 30, according to city analysts.
City analysts have expressed continued concerns over Dairy Crest’s dairies business, following the release of the firm’s first quarter trading results yesterday.
A youth campaign group has hit out at Dairy Crest's "insensitive" and "insulting" marketing campaign for its Frijj milkshake brand, claiming it epitomises the negative attitude of big business towards young people looking for...
Dairy Crest wishes to either develop or acquire a branded yogurt division to capitalise upon a fast-growing market, despite selling off its UK yogurt business in early 2009.
Dairy Crest announced a new set of efficiency measures as it released what one City analyst described as “a good set of numbers” for the year to March 31 this morning.
German dairy giant Müller is a more likely candidate than Groupe Lactalis to mount a takeover bid for Dairy Crest, one City analyst has told FoodManufacture.co.uk in light of recent whispers of a move for the UK firm.
Pre-close trading updates from Robert Wiseman and Dairy Crest today highlighted the continued turf wars between the major UK processors, with no clear winner in sight.
While Dairy Crest says that full-year profits should be in line with expectations, City analysts have been engaged in feverish speculation over the price it has paid to retain its milk contract with Morrisons.
Dairy Crest could be the biggest loser if the UK’s biggest supermarkets decide to shake up supply contracts over the next 18 months, while rival Robert Wiseman Dairies has the most to gain, according to a new report.
Dairy Crest has sold the bulk of its stake in Irish milk, cheese and cream maker Wexford Creamery to help pay off debts and reduce its exposure to “volatile commodity markets”.
Arla’s proposed 1bn-litre ‘super dairy’ in Greater London will shake up the UK liquid milk market but is unlikely to alter radically the balance of power in the trade, according to one analyst.
Dairy Crest will pump the best part of £25m into its factories this year as it embarks on the first stage of a three-year, £75m capital expenditure programme.
The arrival of fresh milk in pouches as well as polybottles opens up the prospect of alternative packaging formats for consumers with different environmental priorities.
Dairy Crest may close its site at Totnes in Devon.The company plans to consult unions and its 164 employees who work at the plant within 90 days.The...
