Summary
Northern Foods - maker of Goodfella's pizzas and Fox's biscuits - yesterday said it had been able to raise prices to offset the higher cost of ingredients and should meet full-year profit forecasts.
Chief executive Stefan Barden said that although market conditions were tough, Northern Foods had not felt any effect from tighter consumer spending and could even benefit from a potential downturn.See the full content of this document
Extract
Higher Costs Prompt Price Increase ; Foods
"Our analysis is that when spending gets tight, people trade down from the restaurant to premium food in the retailer, so we e...
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