Robert Wiseman expected to increase milk price

Robert Wiseman Dairies is likely to increase its November milk price following improved returns from the cream market.

However, the firm said the rise, which follows a price cut in August, would only be small.

Half-year profits were also likely to be above expectations, said finance director Billy Keane in a trading statement released last week.

But he warned that rising energy and plastic prices could potentially erode the recovery in margins the company had experienced.