Cranswick first quarter trading in line with expectations, as sales rise
27th Jul 2015 09:06
(ShareCast News) - Food producer Cranswick reported an increase in revenue and underlying sales in the first quarter, as trading was in line expectations In a short statement released on Monday, the group said revenue in the quarter to the end of June rose 8% year-on-year, as volume grew strongly ac
Read moreTuesday tips round-up: Cranswick, BHP BIlliton
19th May 2015 17:33
Sausage maker Cranswick has managed to roll-out double digit sales and profits growth each year for the past decade. Sporting better returns on capital than US rival Tyson, yesterday the firm reported a 10% increase in fiscal-year pre-tax profits despite a poor UK retail market and falling prices fo
Read moreFTSE 250 movers: Aveva surges on acquisition rumours, Inmarsat hit by delays
18th May 2015 12:35
UK stocks erased early gains as Greek concerns and a lack of economic data stoked investor uncertainty. Sector-wise, retailers and insurers delivered the biggest drag, while energy, mining and tech stocks provided a welcome boost. As of 2:00, the FTSE 250 was trading flat, just 9 points lower at 18,
Read moreCranswick sales hit record £1bn but profit dented by charges
18th May 2015 08:09
Pork and poultry specialist Cranswick posted a drop in statutory pre-tax profit on Monday to £52.8m for the year ended March 31st, from £54.8m in 2014. This came despite a 0.8% rise in annual sales to £1bn from £994.9m in 2014, as pre-tax profit took a hit from a £4.2m valuation charge of the net IA
Read moreFriday tips round-up: UK Banks, Cranswick
10th Apr 2015 17:27
The loan loss ratio for UK banks stood at 0.14% at the end of 2014 according to Standard&Poor's, versus 0.69% in 2013 - a rare positive for the sector. It is a reflection of faster economic growth, low interest rates, higher property prices, banks' sale of dodgy property loans, lending deemed proble
Read moreLondon midday: Stocks advance as M&A speculation boosts Burberry and IHG
9th Apr 2015 11:39
UK stocks advanced on Thursday despite some mixed economic data, as ongoing M&A speculation and easing concerns about Greece drove markets higher. London's FTSE 100 was up 0.76% at 6,989.91 by noon despite weakness in the heavyweight mining sector, as bid hopes boosted stocks such as Burberry and In
Read moreLondon open: Miners fall, but UK markets track US and Hong Kong stocks higher
9th Apr 2015 08:57
UK stocks advanced on Thursday morning following a decent performance on Wall Street and Hong Kong indices overnight. Reports that Greece will meet Thursday's deadline to pay back a €450m loan payment to the International Monetary Fund were also helping sentiment. "The payment has been scheduled and
Read moreLondon pre-open: UK stocks set for higher open on split FOMC
9th Apr 2015 07:53
UK stocks are headed for a higher start on Thursday as investors this side of the Atlantic react to the minutes of the latest Federal Reserve meeting, which showed that policymakers were divided on the right time to hike rates. City sources predict the FTSE 100 will open 28 points higher than Wednes
Read moreCranswick trots out solid fourth quarter results
9th Apr 2015 07:10
Sausage-maker and bacon curer Cranswick reported a strong showing in its seasonally weak final quarter as UK and European pork prices begin to show signs of stabilisation. Cranswick lifted fourth quarter underlying sales 1% on the same period last year, with total sales 4% higher thanks to the recen
Read moreCranswick brings home the bacon with Christmas trading
29th Jan 2015 11:12
Pork processor Cranswick's third-quarter trading statement revealed an improvement on last year's sales, attributed to sales growth from fresh pork. Underlying sales volumes were up 2% in the three months to 31 December 2014, although underlying revenues were down 3% due to lower input costs bein
Read moreFTSE 250 movers: FirstGroup leads fallers as TalkTalk jumps
24th Nov 2014 16:25
FirstGroup took a hit amid claims it has missed out on the opportunity to acquire the East Coast mainline. It seems the company's bid will be overlooked in favour of Eurostar and Keolis when the government releases a statement on the final decision this week. FirstGroup has failed to win several pre
Read moreCranswick H1 revenues steady, debt shrinks
24th Nov 2014 07:12
Food supplier Cranswick said revenues were steady in the first half of 2014, as strong sales growth across most product categories offset a reduction in fresh pork sales. The group's revenues for the six months ended 30 September fell slightly from £483.5m to £481.5m, while adjusted profit before ta
Read moreThursday broker round-up UPDATE
23rd Oct 2014 08:33
Abcam: FinnCap moves target price from 390p to 400p keeping a hold recommendation. Anglo American: Investec places its target price (prev.: 1603p) under review keeping its buy recommendation. Arbuthnot: Numis raises target price from 1150p to 1300p upgrading from hold to add. British American Taba
Read moreCranswick snaps up cooked poultry firm Benson Park
23rd Oct 2014 08:26
Cranswick, the UK supplier of fresh meats, charcuterie and sandwiches, has bought British cooked chicken and turkey supplier Benson Park for an undisclosed sum. The FTSE 250-listed company said the "strategic acquisition" moves it into a new protein sector and expands its product range and customer
Read moreTuesday broker round-up UPDATE
7th Oct 2014 09:45
African Minerals: Canaccord Genuity lowers target price from 20p to 15p with a hold recommendation. Aggreko: Exane initiates with a target price of 1500p and an underperform rating. Amec: Liberum Capital cuts target price from 1035p to 908p staying with its sell recommendation. Antofagasta: Canacc
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