Dairy Crest

Ticker DCG

Today's data summary

Market open
% change
-0.15%
Price Pence
466.11
Change
-0.69
As of 08:13 18 Sep 2018
Market cap. Pound sterling
725.98 million
As of 14:48 18 Sep 2018

Latest updates

Dairy Crest spreads the news about 'challenging' butter market

Milk bottles
PA

Dairy Crest admitted "the butter market remains challenging", when delivering a trading update for the three months until the end of June this morning.

The company said revenues at its two largest brands, Cathedral City and Clover, both grew by 10% and that full year expectations "remain unchanged".

Boss Mark Allen said the firm "expect to announce several new product launches before the end of 2018".

Dairy farmers hope investment will bring stability

Tamsin Melville

Political Reporter, BBC Radio Cornwall

Davidstow creamery
BBC

Some dairy farmers in the South West which supply the Davidstow creamery say they hope investment at the plant will mean more stable pricing for them.

Dairy Crest is investing £75m to increase production at the plant.

The firm says it will be able to process an additional 200 million litres of milk a year at the site and that it is good news for more than 300 farmers who supply them.

Gemma Smale-Rowland is a dairy farmer near Launceston...

What we are really keen to do here at Dairy Crest is to add value to the milk that they sell us and if we can add value to it, and we have a long track record of being able to do that, we can add value to it and therefore we can pay them a fair market-related price that's a bit more than our competitors, so they do a bit better than the farm down the road."

Mark AllenCEO of Dairy Crest