Utility bills put Arla under pressure
Sees shares fall almost 8% after profits warning.
12/08/05 Milk supplier, Arla Foods UK, has seen its shares fall nearly 8% after it issued a profits warning.
The Danish-owned firm said higher oil and utility prices were hitting its UK profit margins. It said it could not pass on the extra costs and that profits for the current year would be below its expectations.
Arla Foods, which is 51% Danish owned, has about 35% of the UK fresh milk market, and is known for dairy brands such as Lurpak and Anchor butter, and for Cravendale milk.
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