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Lean year for co-ops dents ambition across the board
Lorcan Roche Kelly
Processors report considerable drop in revenue and little or no profit in 2023.
17 April 2024 News
Lakeland reports an €8m loss for 2023
Cross-border dairy processor said that loss was driven by exceptional items.
17 April 2024 News
Aurivo's annual profit last year dropped below €1m
Co-op said it delivered a robust performance despite declining revenues.
Arrabawn increased profit in 2023 despite drop in revenues
The sale of liquid milk business during the year added to bottom line
17 April 2024 News
Interim CEO installed at Tipperary Co-op
John Daly is out and John Hunter is in at Tipperary Co-op after challenging year.
17 April 2024 News
Restructuring costs push Lakeland to loss in difficult year
Cross-border dairy processor said that post-tax €8m loss was driven by exceptional items.
17 April 2024 News
Aurivo annual profit for 2023 drops below €1m
Co-op said it delivered a robust performance despite declining revenues.
17 April 2024 News
Glanbia acquires US flavour business for $300m
Company will pay a further $55m, depending on performance.
15 April 2024 News
Not enough milk and too much capacity means co-ops face another difficult year
Investments in capacity need to process enough product to run efficiently.
14 April 2024 News
ECB interest hikes last year cut milk prices by almost 1c a litre
Central bank set to slowly start reducing rates in June as inflation continues to fall.
12 April 2024 News
John Daly out as CEO of Tipperary Co-operative
Industry veteran John Hunter appointed as interim CEO.
11 April 2024 News
FBD Trust emerges as significant buyer of FBD plc shares
Increase in holding comes as Norwegian insurance company sells down stake.
10 April 2024 News