2 June 2000
Express Dairies plans e-deliveries

EXPRESS Dairies plans to use its 4,000 milkmen and floats to deliver goods bought on the internet to provide a much-needed source of revenue.

This online initiative cannot come too soon for the company which saw profits fall 11% to 52.7m in the year up to March.

This is before a 42.7m charge related to the closure of Glanbia Dairies, acquired last year.

Overcapacity in the industry, higher packaging costs and a 6.6m increase in pension costs have added to problems, reports the Daily Express.

Express Dairies chief executive Neil Davidson promised an announcement on a deal with an internet company in the next few weeks.

Express shares closed down 9p at 77p.

  • Daily Express 02/06/2000 page 73
  • Daily Telegraph 02/06/2000 page 35