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Tesco milk shake-up to knock £2m off Wiseman's profit

This article was originally published in Dairy Markets

Robert Wiseman Dairies has warned that its operating profit could be cut by around £2 million (€2.16m) in the year to April 3, 2010 following a move by the UK's largest supermarket Tesco to cut its supplies from the Scottish dairy firm by 40 million litres a year. Analysts at Investec said in a research note they expected to cut their profit forecast for the year to April 2010 from £32m to £30m to reflect the contract change.



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