Dairy Crest dairy asset sale to Muller on track

UK milk producer Dairy Crest said that it is still on track to sell the assets of its dairies operations to Muller UK and Ireland Group this year, probably in October.

It also said competition watchdog, the Competition and Markets Authority, had indicated in August that it Muller’s would not create any competition concerns.

The company also issued an interim statement projecting increased profits and an increased earnings for shareholders for 2015, despite a difficult marketplace.

Mark Allen, Dairy Crest CEO, said: “The first half of the year has played out largely as we expected. Cathedral City continues to go from strength to strength and has grown sales and market share.

"The strong performance of Cathedral City and of Frylight is particularly encouraging in markets that remain challenging. Our cost base remains firmly under control.

“Lower cheese costs and an expected improved performance from our spreads and butters business in the second half mean our full year expectations remain unchanged.

"Our investment to manufacture demineralised whey powder and GOS is almost complete; we look forward to accessing new sales channels in fast growing global markets in the second half of the year.”


As David Attenborough announces new series on plants, we run down some of the weird and wonderful vegetation he might include.11 bizarre plant species from around the world

The weather’s always going to be a key factor on any wedding day — but especially so when the bride works for Met Éireann, writes Eve Kelliher.Wedding of the week: Bride and groom are literally on cloud nine

My wife and I are in our fifties and she has just started using porn. She thinks it will enhance our sex life if we watch it together, but I find the idea a total turn-off.Suzi Godson's Sex Advice: My wife wants us to watch porn together?

As you probably have heard by now, changes to the rules concerning gift vouchers in Ireland came into effect earlier this month, giving consumers more rights when it comes to these popular items.Making Cents: Play your cards right when giving gift vouchers this Christmas

More From The Irish Examiner