Unigate spreads it thickly

Article Abstract:

Unigate has been affected by problems in the UK market for liquid milk as supermarkets increase their market share, providing lower margins for milk suppliers. The company has reduced its bottling capacity and disposed of peripheral business activities. Unigate also acquired a spreads and margarine concern from Kraft in Jul 1996 which brought in the Golden Churn brand to St Ivel spreads. The company holds a 14% stake in the UK market. Disposals have affected earnings per share but profits should recover due to acquisitions and cost savings.

Dairy Products, Dairy Product Manufacturing, Dairy industry, Unigate PLC

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Treats: losing the lolly

Article Abstract:

Treats was affected by poor weather in summer 1996 which affected demand for its ice creams. The company's profit dropped in 1st half 1996 and Treats may report a loss for 2nd half 1996. The company's profit was forecast at 2.7 million pounds sterling by Henderson Crosthwaite which has revised this downwards to 1.4 million pounds, a 43% drop compared with 1995. The company was floated in Jun 1996 and raised 10.6 million pounds sterling net, with 3 million pounds of this going to the company.

Treats Ice Cream Ltd.

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Benefits of restructuring show through

Article Abstract:

Richmond Foods produces ice creams and has increased sales with a rise in business from major retailers like Morrison, Tesco and Asda. The company carried out a reverse takeover of Treats in 1998, in order to reduce seasonality and develop the impulse market side of the business. Full-time employees have relaced seasonal staff, and lines that made losses have been shed. The company also aims to expand into catering markets and food services, and plans deal with European manufacturers.

Richmond Foods

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