uDAIRY Crest has announced it is buying back 10% of its shares due to its depressed share price. The company said it was frustrated by the markets inability to sort out the bad food companies from the good. Chief executive, John Houliston, has always maintained that the companys added-value approach is the key to better shareholder returns. But the share price has dived from the 52-week high of 3731/2p, and was worth 209p at the end of last week.
uCORRECTION: NEXT years beef special premium payment for young bulls will be k160 (about £102) payable from seven months of age, not as stated last week. It should also be noted that steers, as well as qualifying for a k120 payment from seven months old, attract a second payment when they are at least 20 months old. *