Cranswick shares fall as Numis downgrades rating to 'hold' from 'add'
5th Dec 2016 12:38
(ShareCast News) - Cranswick's shares were under the cosh on Monday as Numis downgraded the food producer's stock to 'hold' from 'add' and cut the target price to 2,311p from 2,536p. While the company last week revealed a strong set of first half results, Numis noted the market's increased wariness
Read moreCranswick serves up juicy interim profits and dividend
29th Nov 2016 07:48
(ShareCast News) - Food producer Cranswick unveiled a succulent set of first-half numbers, with profits plumped up by acquisitions in its poultry and pork businesses, but a pinch of salt to be taken ahead of the important festive period. For the six months ended 30 September, revenue for the Yorkshi
Read moreFTSE 250 movers: Vedanta gains on outlook for zinc, Ocado loses out on Amazon deal
16th Nov 2016 15:17
(ShareCast News) - The FTSE 250 index was down 0.48% at 17,488.87 at 1604 GMT on Wednesday. Goldman Sachs upgraded Vedanta Resources from 'Neutral' to 'Buy', raised its price target from 450p to 1,300p and added it to their Conviction List, sending its shares up. The bank believes the price of zinc
Read moreCranswick buys Northern Irish pork processing business Dunbia Ballymena
16th Nov 2016 07:36
(ShareCast News) - FTSE 250 food producer Cranswick has acquired Northern Irish pork processing business Dunbia Ballymena for an undisclosed sum. Cranswick said the deal enhances its pig processing capability and establishes a significant presence in Northern Ireland. Ballymena, which operates from
Read moreLiberum upgrades Cranswick after recent share price decline
11th Nov 2016 15:19
(ShareCast News) - Liberum upgraded Cranswick to 'buy' from 'hold' saying the recent de-rating presents a good buying opportunity. It noted the shares have dropped more than 15% since April to pre-Crown Chicken acquisition levels. Comparing Cranswick's share price to the FSTE 250, it has fallen by 8
Read moreCranswick Q1 sales up, sells sandwich business
25th Jul 2016 07:45
(ShareCast News) - FTSE 250 food producer Cranswick said it has made a positive start to the year, with first-quarter revenue ahead of 2015, as it announced the sale of its sandwich business to Greencore. In the three months to 30 June, revenue was 11% higher than the same period last year driven by
Read moreLower pork prices boost Cranswick full year profits
24th May 2016 07:19
(ShareCast News) - Full year pre-tax profits at food group Cranswick rose to £58.6m from £52.8m on the back of a healthy 7% jump in revenues to £1.07bn as customers continued to benefit from lower pork prices. Strong sales growth was seen across most categories including poultry from Benson Park, wh
Read moreDirectors dealings: Hilton Food Group non-exec picks up some shares as stock soars
15th Apr 2016 16:14
(ShareCast News) - Christine Cross, one of three non-executive directors at Hilton Food Group picked up £29,000-worth of stock in the company on whose board she sits at a price of 580p for each share. It was her first purchase of the group's shares. The meat processor, which operates plants in the
Read moreFTSE 250 movers: Iron ore prices push resources higher
12th Apr 2016 14:47
(ShareCast News) - The FTSE 250 remained in the black on Tuesday afternoon, as investors digested better-than-expected inflation data which reached its highest point in a year. Resources producers, including Evraz and Vedanta Resources, were on the up as iron ore prices surged towards $60 per tonne.
Read moreLondon pre-open: Stocks seen a little lower after China inflation data
11th Apr 2016 07:38
(ShareCast News) - London stocks were set to open a little lower on Monday following a mixed session in Asia after Chinese data revealed inflation remains benign. London's FTSE 100 was seen starting 14 points lower than Friday's close at 6,190. "European stock markets are expected to open slightly
Read moreCranswick gobbles up Crown Chicken
11th Apr 2016 07:23
(ShareCast News) - Food producer Cranswick announced the acquisition of CCL Holdings, and its 100% owned subsidiary Crown Chicken Limited from the Thacker family and management on Monday. The FTSE 250 firm's board paid a cash consideration of £40m for the deal, funded from existing bank facilities.
Read moreBroker tips: CRH, Cranswick, Rotork
6th Apr 2016 13:59
(ShareCast News) - The gloom hanging over emerging markets might be lifting on a 'tactical' basis, but the poor outlook for cement prices in that geography was set to drive a wedge between European building materials firms exposed to them versus those with a greater relative footprint in the US and
Read moreNumis raises Cranswick's target price after trading update
6th Apr 2016 10:11
(ShareCast News) - Cranswick's target price was lifted by Numis to 2,202p from 1,900p after the food producer reported a pre-close trading update. The company said on Tuesday that it will report a trading performance for the year to the end of March in line with its expectations following continued
Read moreCranswick sees full year in line after solid final quarter
5th Apr 2016 07:40
(ShareCast News) - FTSE 250 food producer Cranswick said on Tuesday that it will report a trading performance for the year to the end of March in line with its expectations following continued positive trading in the final quarter of the year. The company, which is due to release its full year resul
Read moreBroker tips: Cranswick, Centrica
28th Jan 2016 16:08
(ShareCast News) - Shares in Cranswick gained on Thursday as Investec reiterated its 'buy' rating and raised its target price to 2,086p from 2,065p. Cranswick reported trading in the third quarter was in line with the board's expectations, with total revenue in the three months to 31 December 5% ahe
Read more