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MILK CUTS INTO DAIRY CREST’S GROWTH
Dairy Crest unveiled a two per cent rise in sales in the first nine months of the year despite what it called a “challenging business environment”. The cheesemaker said its five key brands – Cathedral City, Country Life, St Hubert Omega 3, Clover and Frijj – were up eight per cent compared with the previous year. But trading remained tough in its Dairies business where high milk purchase prices and lower cream selling prices has hit its profitability.