Northern Feels M&S Chill

Summary


SUPPLYING food to troubled retailer Marks & Spencer has dragged down Northern Foods, as it warned yesterday that pre-tax profit will come in lower than last year.

Shares in Northern dropped 4 per cent after it said that profits for the year ended 31 March would be about GBP 80 million, compared to last year's GBP 86m.

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Extract


Northern Feels M&S Chill

Northern, which makes 35 per cent of its sales from M&S, said trade had...

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