date:Nov 21, 2012
to offset the margin forgone from the lost bread contract, said the firm. These proposals are not expected to influence 2012 trading profit.
Graham Jones, City analyst with Panmure Gordon, said the sale was the least worst alternative . While in some respects the move can be seen as running to stand still (a 28M spend to effectively hold profits flat next year), in our view it is much better than the alternative of being more aggressive with pricing in order to regain lost volume which ultimate