Dairy Crest surged 23.6 to 372.6p after Germany's Theo Mueller Group, which makes M�ller yoghurts, said it had acquired a 3pc stake in the London-listed company. The move triggered speculation the secretive German dairy giant may be lining up a bid for Dairy Crest.

Damian McNeela, an analyst at Panmure Gordon, told Bloomberg: "This indicates that Mueller may make a formal offer for Dairy Crest � they might be looking to widen their product base in the UK".

http://www.telegraph.co.uk/finance/markets/marketreport/8033253/Vedanta-Resources-hit-by-Indian-copper-mine-closure.html

Final Results

Financial Highlights

· Adjusted profit before tax is up 7% to £50.6 million
· Year-end net debt is down 82% to £60 million
· Post year-end restructuring of balance sheet reduces future interest charges
· Post year-end additional £40 million cash contribution to the pension fund reduces exposure
· Proposed final dividend is up 2%

Strategic highlights

· Successful sale of St Hubert has refocused the business on the UK
· Process is underway to move to one business structure focusing on consumer driven growth and an integrated supply chain
· Innovative new milk price formula introduced to help farmers and sustain milk supply

Operating Highlights

· Ongoing growth for Cathedral City ahead of market
· Clover and Country Life both gained market share
· Innovation driving added value sales: 5% of total revenue and 9% of key brand revenue generated from products introduced in the last three years
· Continued focus on costs: £23 million annualised cost savings delivered in 2012/13, with a further £20 million identified for 2013/14
· BITC Platinum Big Tick Award reflects ongoing strong Corporate Responsibility commitment

MILK GOING UP 4p pint ON 26 MAY

Group... Investec Add 481.20 466.00 480.00 Retains

Beaufort Securities Buy 481.20 - - Initiates/Starts

forward diary says 15p div on 3rd july.,.

Ex Divi is 26th June I think.

xd is on 26th June - 15p Final dividend - paid 1st August.

sorry was just going to put right.... brain drain.,.

Good company this. Am in profit and picking up 6+ % divi per year.

AGM and Interim Management Statement

Dairy Crest's overall trading in the first quarter has been in line with our expectations and our financial position also remains in line. Our expectations for the full year remain unchanged.

Trading Update

Starting to look intersting again.

GF - any chance of a chart in the header?

Blackrock > 5%

Interim Results

Interim Management Statement and Sale of Nine Elms Depot

Dairy Crest, the leading UK-owned dairy foods company, is today issuing its Interim Management Statement for the nine months ended 31 December 2013. It is also announcing that it has agreed the sale of its Nine Elms residential and middle-ground milk depot ("Nine Elms"). Following this transaction we expect to report profits for the year ending 31 March 2014 ahead of our expectations.

Third quarter trading in line
Trading in the third quarter was broadly in line with our expectations in an environment that remains challenging. We have continued to grow key brand sales and implement cost reduction projects.

Taken together, sales of our four key brands (Cathedral City, Country Life, Clover and FRijj) have grown by 4% over the nine month period. Innovation continues to be an important factor in the success of these brands, new products introduced earlier this year such as Clover Additions and Cathedral City Grated Portions are meeting their targets and we have recently launched Cathedral City Spreadable. We continue to expect FRijj to be in growth for the year as a whole following the successful upgrade of our production facilities in the first half of the year and a strong third quarter.

We have also continued with initiatives designed to improve the profitability of our Dairies product group and remain committed to our medium-term target of 3% on sales. We are on track to deliver cost savings ahead of our annual target of £20 million.

Our demineralised whey powder project is progressing to plan and we are in advanced discussions with a small number of potential customers.

Proceeds from sale of depot exceed expectations
The sale of Nine Elms in London to Battersea Project Phase 5 Residential Company Limited for £17.6 million in cash generates a profit of £15 million on the disposal.

Residential milk deliveries have steadily declined over recent years as supermarkets have grown their share of the market. Property profits from the sale of depots such as Nine Elms offset the costs associated with this decline. We had forecast property profits of around £8 million but we had also highlighted that Nine Elms was a particularly valuable property which would result in a spike in profits in the year in which it was sold. We anticipate profits from the sale of depots we no longer require are likely to return to a more normal £5 million to £10 million in future years.

Outlook for year
We now anticipate that profits from the sale of properties will total around £18 million this year, £10 million ahead of previous expectations. However, the challenging Spreads market will lead to full year Spreads profits below previous expectations. Taken together these changes will increase adjusted profit before tax. This will result in additional bonus payments to over 1,200 of our employees which will total around £2.5 million and lead us to report profits for the year ending 31 March 2014 ahead of expectations.

Still dithering around 450p

Preliminary results on Thursday 22nd.

Final results for year ended 31 March 2014

Financial Highlights
· Adjusted profit before tax up 31% to £65.3 million, including higher profits from sale of surplus properties
· Year end net debt at £142 million leaves net debt to EBITDA within targeted range at 1.3 x
· Proposed final dividend payment of 15.4p taking full year to 21.3p, up 3%

Strategic Highlights
· Reorganised into one business structure
· Demineralised whey project on track to enhance annual profits by £5 million from 2015/16 - in exclusive talks with one customer
· Move to a single spreads manufacturing facility nearing completion
· Reduced cash contribution to defined benefit pension scheme from 2014/15

Operating Highlights
· Ongoing growth for Cathedral City ahead of market
· Continued focus on costs: £25 million annualised cost savings delivered in 2013/14, with a further £20 million identified for 2014/15
· Strong Corporate Responsibility commitment: highest UK ranked business by BITC

May 22 (Reuters) - Dairy Crest Group Plc DCG.L , Britain's largest dairy company, reported a 31 percent rise in full-year pretax profit, helped by the sale of a property in London. The company, whose brands include Country Life, Clover and flavoured milk drink Frijj, said its adjusted pretax profit rose to 65.3 million pounds ($110.2 million) in the year ended March 31 from 49.7 million pounds a year earlier. ID:nRSV7562Ha Revenue rose 1 percent to 1.39 billion pounds. Analysts on average expected the company to report full-year pretax profit of 65.6 million pounds on revenue of 1.36 billion pounds, according to Thomson Reuters I/B/E/S. Dairy Crest sold its Nine Elms residential and middle-ground milk depot located in London to Battersea Project Phase 5 Residential Co Ltd for 17.6 million pounds in cash, generating a profit of 15 million pounds on the sale. The producer of Cathedral City cheese raised its final dividend to 15.4 pence per share from 15 pence a year earlier. Shares in the company were down 0.8 percent at 456.3 pence at 0711 GMT on Thursday on the London Stock Exchange.

Tempting - yield now @4.8% at the current price - although long(er) term chart not so good.

Had a small dabble @424.1!

Looks like you've caught the bottom Skinny. You holding for yield and did you buy as an equity?