Dairy Crest Dairies restructuring efforts ‘overlooked’ – Panmure Gordon
Published: 2012-12-11 Authour: Mark Astley Views: 13
Core Tip: The “scale and scope” Dairy Crest’s current efforts to restructure its lagging Dairies and Spreads businesses has been “overlooked”, according to stock brokerage Panmure Gordon.
According to a note from the firm, efforts by the UK dairy processor to return its Dairies business to growth have gone unnoticed. It now expects Dairy Crest’s Dairies business to return to 3% operating margins by fiscal year (FY) 2016.