One of the main suppliers of fresh foods to Britain’s big supermarkets saw profits tumble in the first half of this year amid “very challenging” UK market conditions.
Bakkavor Group, the FTSE 250 company that counts Tesco and J Sainsbury among its core customers, reported a 59 per cent fall in pre-tax profits to £19.5 million yesterday as it struggles with fragile consumer confidence and the rising costs of raw materials.
One of the main suppliers of fresh foods to Britain’s big supermarkets saw profits tumble in the first half of this year amid “very challenging” UK market conditions.
Bakkavor Group, the FTSE 250 company that counts Tesco and J Sainsbury among its core customers, reported a 59 per cent fall in pre-tax profits to £19.5 million yesterday as it struggles with fragile consumer confidence and the rising costs of raw materials.
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