Meat packer and foodservice supplier Cremonini has posted solid first half results helped by an increased stake in its Marr subsidiary and its ongoing efforts to reduce its debts and improve operating margins.
Northern Foods has warned that pre-tax profits for the first half of 2003 are likely to be lower than expected. Coming as the third profit warning in 18 months it has cost the company's chief executive his job.
Dutch meat processor Dumeco (Dutch United Meat Company) has
reported a loss of €6.9 million in 2002. This compares unfavourably
to figures posted a year earlier, which revealed a profit of €6.8