UK frozen foods group, Iceland Group, announced disappointing sales figures for the six months up to 29 December. The company blamed the majority of its decline in performance on the100 per cent switch to organic products made last year and announced that it in the future it would promote organic produce on a phased basis rather than a total basis. In the second half of the year, Iceland Group'slike-for-like sales dropped by 0.5%. Sales for Iceland Foods fell by 1.5%, while sales at cash and carry Booker were static compared with last year.

Source: BBC