Tesco Cuts Wiseman Contract, Ups Arla
Robert Wiseman says it is confident that it will exceed profit forecasts for the current financial year to April 2009.
Things don't look quite so rosy for 2009/10 however, following news that Tesco is to reduce the amount supplied by the group in it's own-label milk from 60% to 50%.
The Tesco cut, which takes effect in May, is expected to amount to a not insignificant 40 million litres of milk.
Arla meanwhile will see their share of Tesco's own-label milk increase from 40% to 50%.
Things don't look quite so rosy for 2009/10 however, following news that Tesco is to reduce the amount supplied by the group in it's own-label milk from 60% to 50%.
The Tesco cut, which takes effect in May, is expected to amount to a not insignificant 40 million litres of milk.
Arla meanwhile will see their share of Tesco's own-label milk increase from 40% to 50%.