Profits down at M and S food supplier

One of the biggest suppliers of food to Marks & Spencer announced a sharp fall in annual profits today.

Northern Foods, which makes Dalepak frozen foods, Goodfella’s pizzas and Fox’s biscuits, showed the impact of a year of restructuring after profits slipped to £4.3m (€6.3m) from £75.4m (€111m) a year earlier.