Losses narrow at Aulds
prices and the recent devaluation of the pound.
He said: “Both businesses trade in very difficult environments. Over the last three months the rise in the cost of ingredients has been dramatic, particularly dairy.”
Mr Marr expects consumers to feel the increases across grocery. “I am in no doubt we’ll see prices rise, purely because of the devaluation of the pound. For example the dairy market has hardened significantly in the last three months and is at a peak it has not been at for years.”