Sandwich boost for Uniq

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The Independent Online

The M&S food supplier Uniq reported better sandwich sales and reduced losses in desserts yesterday as it gears up for its takeover by food firm Greencore.

Underlying profits rose 47 per cent to £4.7m in the half-year to 30 June as Food to Go sales rose 9 per cent, offsetting an 8 per cent fall in desserts.

Uniq is now 90.2 per cent owned by its pension fund after a deal that saw £436m of liabilities swapped for shares in the firm, the last remaining part of dairy giant Unigate. Greencore unveiled plans to buy Uniq in July, in a deal the OFT is expected to rule on soon.