Fresh food supplier Bakkavor has cautioned over a hit of about £65 million from rising commodity and wage costs as it prepares to be taken over by rival Greencore in a £1.2 billion deal.
The London-headquartered group said the cost inflation impact would be higher than the £50 million pencilled in for the full year, driven by price hikes for “certain key commodities”, such as dairy products, and a rising wage bill.
