Chill wind blows at Iceland

TOUGH trading conditions and sluggish sales saw interim profits fall at frozen food retailer Iceland for the first time in its…

TOUGH trading conditions and sluggish sales saw interim profits fall at frozen food retailer Iceland for the first time in its 25-year history, the company reported yesterday. After the 11.3 percent slide to a pre-tax figure of £29.8 million for the six months to June 29th, the group issued a gloomy picture of prospects for the rest of the year.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective