Cargill Q3 Profits Plunge

Cargill report that third-quarter earnings in the period ended Feb. 28 fell 68% to $326 million from $1.03 billion in the same period a year ago.

Nobody at Cargill was available to comment on unconfirmed rumours that the reduced profits were directly linked to sharply lower UK canteen takings after one employee (who I can only refer to as Mr M for legal reasons) went on a crash diet in early 2008.

Mr M was reputedly eating "five pallets of biscuits and other confectionery items a day," said a well-known Liverpool haulage contractor.

"Cream puffs, chocolate fingers, nothing was sacred, he was insatiable," he added.