Rising costs hit margins at Cranswick in the past six months, the pork supplier confirmed yesterday. The Tesco and Sainsbury’s supplier said pre-tax profits for the six months to 30 September were down from £23.8m last year to £18.5m.
Transport and logistics giant Bibby Line Group has taken full control of Costcutter. Bibby bought a 51% stake in the c-store chain in 2007 and revealed in September that is was close to finalising a deal for the remaining stake.
Profits at Majestic Wine soared by 20% over the past six months, as customers spent more on each bottle of wine. Majestic reported pre-tax profits of £8.8m in the 26 weeks to 26 September, up from £7.3m for the equivalent last year.
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