Summary
Crisis: Karen McCormick of fraud-hit Cheshire Building Society and, left, the London offices of Dunlop Haywards CRISIS-hit Northern Foods is close to selling its transport operation in an effort to cope with a profits squeeze.
Northern, the leading supplier of own-label foods to major supermarket groups, warned last month that profits for the 12 months just ending would be about Pounds 45 million, a drop of almost 28 per cent.See the full content of this document
Extract
Northern Sell-Off As Profits Nosedive
The company's share price has fallen below 100p, compared with the 1601/2 p when chief executive P...
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