Interim profits at Robert Wiseman have been cut in half, as the dairy giant bears the brunt of the price war raging between the supermarkets over milk.
Asda cut the premium paid to its liquid milk supply group by 20% despite insisting the milk price war would not come at the expense of its dairy farmers, The Grocer can reveal. One week before it slashed its retail milk prices, Asda...
Dairy Crest has completed a debt refinancing deal resulting in the company extending its banking facilities until October 2016. Through the deal, Dairy Crest has secured a five-year revolving credit facility of £170m plus £131.2 from a syndicate of five banks and £54.5m of debt placement.
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