Dairy profit high 

Milk Link doubled its pre-tax profit to £15m in the year to April. The dairy co-op returned £2.4m to its members from its processing businesses - equivalent to a 7% return on their invested capital. 

Joint effort denied 

Irish cheese supplier Kerrygold rejected suggestions it worked with First Milk to secure The Co-operative Group's 7,000 tonnes-a-year cheese business, split 50-50 between the two companies. "We would never work with them," said a spokesman. 

Ethical move 

McDonald's has switched to British organic milk to burnish its ethical credentials. The milk is used with Rainforest Aliance certified coffee beans in its growing coffee offer.