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United Kingdom

Dairy Crest Group PLC (DCG.L)

DCG.L on London Stock Exchange

465.00GBp
20 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Dairy Crest Sees Higher HY Profit, Revenue
Monday, 17 Sep 2018 

Sept 17 (Reuters) - Dairy Crest Group PLC ::DAIRY CREST GROUP - TRADING UPDATE.IN FIRST HALF OF FINANCIAL YEAR EXPECT GROUP REVENUE TO BE AHEAD OF LAST YEAR.HY CATHEDRAL CITY'S REVENUE IS EXPECTED TO DELIVER GOOD GROWTH AGAINST STRONG VOLUMES A YEAR AGO.EXPECT HY GROUP REVENUE TO BE AHEAD OF LAST YEAR, DRIVEN BY STRONG PERFORMANCES FROM CATHEDRAL CITY AND CLOVER.EXPECT PROFIT FOR HALF YEAR TO BE SLIGHTLY AHEAD OF SAME PERIOD LAST YEAR.HY CLOVER IS EXPECTED TO DELIVER BOTH VOLUME AND REVENUE GROWTH, CONTINUING POSITIVE PERFORMANCE FROM LAST YEAR.FRYLIGHT IS EXPECTED TO SHOW A REDUCTION IN VOLUME AND REVENUE FOR FIRST HALF OF YEAR.HOWEVER TRADING HAS IMPROVED SIGNIFICANTLY IN RECENT WEEKS AT FRYLIGHT.NEXT FEW MONTHS WILL SEE SEVERAL NEW PRODUCT RELEASES FOR CATHEDRAL CITY.EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED.  Full Article

Dairy Crest in placing to fund higher cheese production capacity
Wednesday, 23 May 2018 

May 23 (Reuters) - Dairy Crest Group PLC ::PROPOSED PLACING OF NEW ORDINARY SHARES.INTENTION TO CONDUCT A NON PRE-EMPTIVE CASH PLACING ( "PLACING") TO INSTITUTIONAL INVESTORS OF UP TO 14,107,224 NEW ORDINARY SHARES OF 25 PENCE PER SHARE IN CAPITAL OF COMPANY.REPRESENTING APPROXIMATELY 9.98 PER CENT. OF COMPANY'S CURRENT ISSUED SHARE CAPITAL, AT A PRICE OF 495 PENCE PER PLACING SHARE.AS WELL AS FUNDING INCREASED CHEESE PRODUCTION CAPACITY, PLACING PROCEEDS WILL ALSO BE USED BY DAIRY CREST TO BECOME SELF-SUFFICIENT IN SUPPLY OF WATER.  Full Article

Dairy Crest Appoints Tom Atherton As Deputy Chief Executive
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Dairy Crest Group Plc ::TOM ATHERTON HAS BEEN APPOINTED DEPUTY CHIEF EXECUTIVE WITH IMMEDIATE EFFECT​.ATHERTON ‍RETAINS HIS RESPONSIBILITIES AS GROUP FINANCE DIRECTOR​.  Full Article

Dairy Crest Group ‍HY revenue up 16 pct to 220.1 mln stg​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Dairy Crest Group Plc :H1 revenue from continuing operations rose 16 percent to 220.1 million stg.Interim dividend up 2 percent to 6.3 penceper share.‍HY revenue up 16 pct to £220.1m​.‍HY profit before tax £151.4m versus. £15.6m​.‍HY net debt £281.4m versus. £262.3m​.HY ‍interim dividend 6.3p versus. 6.2p​.Dairy Crest Group Plc - ‍"expect to accelerate sales of demineralised whey and gos in second half of this year​".Dairy Crest Group Plc - ‍"expect butter input costs to continue to be challenging for remainder of year​".  Full Article

Dairy Crest says Q1 trading in-line,FY outlook unchanged
Tuesday, 18 Jul 2017 

July 18 (Reuters) - Dairy Crest Group Plc ::Trading in q1 was in line with expectations and outlook for full year remains unchanged.Dairy crest group - combined sales volumes of dairy crest's four key brands - cathedral city, clover, frylight and country life - are 7 pct ahead of same period last year.Cream prices, which determine input costs for butter business, have increased substantially during q1.Expect profit contribution from branded business will be second half weighted.Expectations for year remain unchanged.  Full Article

Dairy Crest posts FY adjusted profit before tax up 5 pct
Thursday, 18 May 2017 

May 18 (Reuters) - Dairy Crest Group Plc :Final dividend up 2 percent to 16.3 penceper share.Preliminary results.FY adjusted profit before tax 1, 2 up 5% to £60.6m.Cathedral City returns to volume growth in second half - strong momentum in 2017/18.Frylight, clover and country life spreadable all grow volume and increase market share.Demineralised whey production meets targeted levels of infant formula grade.FY revenue at £416.6m down 1%.FY net debt at £249.8m, +9%.FY profit before tax at £40.3 million , down 11%.In first nine months of financial year cheese retail prices fell or remained stable.Since christmas, however, we have seen evidence of prices increasing on shelf.Butter has been even more affected than cheese..Inevitably this has impacted margins in our butters, spreads & oils business..Managing volatility is a challenge for both us and food retailers, our principal customers.."during course of year we have increased price we pay farmers for milk by 38% to 30 pence per litre".FY adjusted profit before tax (before exceptional items, amortisation of acquired intangibles and pension interest) increased by 5.0% to £60.6 million.Proposed final dividend of 16.3 pence per share represents an increase of 0.3 pence per share.  Full Article

Dairy Crest says expectations for FY profit before tax remain unchanged
Thursday, 9 Feb 2017 

Dairy Crest Group Plc : Interim management statement . Outlook for full year remains in line with our expectations. . Our key brands have continued to perform well . Clover, Frylight and Country Life have all grown volumes in first nine months of year and have taken significant share in their respective markets . As predicted, Cathedral City performance improved in q3. . Overall, in first nine months of year combined volumes of Cathedral City, Country Life, Clover and Frylight are in line with same period last year. . We have seen further milk cost inflation since half year and have now announced increases in price paid to farmers of 8.28 pence per litre since june 2016 . This represents an increase of 38 pct . Market prices for cream have remained high after more than doubling in first half of year. . Expect year end net debt to be somewhat higher than 31 march 2016 . Board has approved appointment of Deloitte as external auditor for year commencing 1 April 2017. ." outlook for full year remains in line with our expectations." - ceo.  Full Article

Dairy Crest announces research partnership with Dupont Industrial Biosciences
Wednesday, 21 Dec 2016 

Dairy Crest Group Plc : Dairy Crest announces animal nutrition research partnership with Dupont Industrial Biosciences .Under partnership agreement, Danisco Animal Nutrition will support further product development and trials, commencing in January 2017.  Full Article

UPDATE 1-UK Stocks-Factors to watch on Sept 17

(Adds company news items and futures) Britain's FTSE 100 index is seen opening 11 points lower at 7,293 on Monday, according to financial bookmakers, with FTSE 100 futures down 0.26 percent ahead of the cash market open.