• Reuters

    French dairy group Lactalis says 2023 profitability hit by inflation

    Lactalis, the world's largest dairy producer, said on Thursday its sales had risen by 4.3% to 29.5 billion euros ($31.51 billion) in 2023, but its net profit margin remained low as inflation pressured consumers purchasing power. Lactalis, privately controlled by the Besnier family, said its net profit stood at 428 million euros last year, compared to 384 million in 2022, with a net profit margin of 1.45% of sales in 2023, slightly higher than 1.36% of turnover in 2022 but well below the 2.0% recorded in 2021. The change in consumers' behaviour last year led to a drop in sales volumes and a particular appetite for distributor brands, to the detriment of national brands, especially in Europe, Lactalis said.

  • USA TODAY

    Beware of ghost hackers impersonating deceased loved ones online

    Ghost hackers monitor obituaries and death notices for potential targets. Here's how to protect yourself.

  • BBC

    Sainsbury's worker sacked for not paying for bags

    The employee said he had pressed the "zero bags used" button accidentally when shopping.