Millions of euro in compensation is set to be paid to suppliers adversely affected by the recent move into receivership of leading bakery firm, Irish Pride.

Around 80 jobs are expected to be lost at Irish Pride — one of the country’s leading bakery businesses — despite it being rescued.

The weather gods are set to look favourably on tomorrow’s highlight of the fifth annual Waterford Festival of Food, with thousands expected to flood into the streets of Dungarvan to sample the best in artisan fare.