Companies: RWD   

Dairy operator Robert Wiseman was buoyed by news of a supply contract with retail giant Sainsbury's. The Scottish milk producer was forced to prove itself throughout a three-month trial period and has impressed the supermarket operator enough to warrant a more long-term contract. Wiseman will supply milk to Sainsbury's stores in the north of England and Midlands. In total, it will provide around 10% of Sainsbury's fresh milk supplies. Impressively, Wiseman has already forged strong links with the likes of Tesco, ASDA and Safeway. Investors were impressed by the news, pushing the shares to within striking distance of a two-year high of 128.5p. However, there are concerns, most notably the £35.13m (£26.81m) of debt shown at the interim stage. Full-year figures are due in late May and are likely to show a £17.1m profit for the year, down on last year's total of £18.5m, due to over-production problems in the second half. Hold.