Wiseman chilled by rising operating costs

UK dairy Robert Wiseman today said it was feeling the pinch from soaring oil prices as it revealed general interim operating costs had risen by 10%.

The group said transport costs rocketed as crude oil prices surged past $90 US a barrel for the first time, while the cost of plastic used in its packaging also hit all-time highs.

However, Glasgow-headquartered Robert Wiseman added that sharp increases in the price of milk seen on the back of commodity cost increases had helped drive half-year turnover up to a record £327.6m (€466.3m), an increase of 12%.