The dairy business has now been sold but ripples in the milk pond have still managed to rock the boat at Dairy Crest (DCG).
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The sale to Müller is certainly good news as it removes the company from a milk industry laden with oversupply and which is the subject of bitter supermarket price wars. But the "higher than anticipated" losses it endured before offloading the business mean lower-than-expected net proceeds of roughly £30m.
The bad news ends there though. Its cheese and spreads brands - including Country Life and Cathedral City - are performing well while the innovation in its Clover brand to launch a version free of articial ingredients has started well.