Investec reiterates 'buy' rating and raises target price at Cranswick
28th Jan 2016 10:25
(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 moreChristmas makes for a bumper quarter at Cranswick
28th Jan 2016 09:04
(ShareCast News) - A hungry Britain made for a bumper Christmas at Cranswick, with the company reporting uplifts in volumes and revenues in its third quarter on Thursday. The FTSE 250 food producer said trading during the quarter was in line with the board's expectations, with total revenue in the t
Read moreCranswick a 'buy' after profits jump in first half, Investec says
30th Nov 2015 10:04
(ShareCast News) - Cranswick's shares jumped as Investec reiterated its 'buy' rating on the stock and raised its target price to 1890p from 1870p after the food producer reported a 22% increase in first half adjusted profits to £31.5m. The company, which supplies sausages to Tesco and Sainsbury's un
Read moreCranswick serves up rise in first half profits
30th Nov 2015 07:51
(ShareCast News) - Gourmet sausage maker Cranswick said high demand for its products helped lift half year adjusted profits by 22% to £31.5m. The company, which supplies sausages to Tesco and Sainsbury's under their own label lines, said revenue jumped almost 10% to £529m, higher than management exp
Read moreWednesday broker round-up
14th Oct 2015 10:28
(ShareCast News) - John Laing Group: HSBC starts new coverage with a buy, sets target price at 2.50p. Domino's Pizza Group: N+1 Singer upgrades to buy. Target price: 1000.00p. Sabmiller: RBC Capital Markets reiterates sector perform, lifts target price to 4400.00p. Cranswick: HSBC reiterates to bu
Read moreFriday newspaper share tips: Mixed views on Cranswick
2nd Oct 2015 10:48
(ShareCast News) - Cranswick was on the plate on Friday as hungry newspaper tippers eyed up what to do with Britain's largest sausage producer. The FTSE 250 listed company released a first half trading update on Thursday, with first half revenues 10% ahead from the previous year, sales up 7% and the
Read moreCranswick says first-half revenue slightly ahead
1st Oct 2015 07:28
(ShareCast News) - Food producer Cranswick said revenue in the first half of the year was slightly ahead of its expectations and the business remains well-positioned to deliver further growth this year. Total revenues in the six months to 30 September were 10% ahead of the same period last year, dri
Read moreFTSE 250 movers: M&A lights fire under oil equipment stocks
26th Aug 2015 16:46
(ShareCast News) - Shares in Paddy Power and Betfair surged on Wednesday as they announced they have agreed in principle to a possible merger that would create one of the world's largest public online betting and gaming companies by revenue. OneSavings Bank reported a sharp jump in profitability, wi
Read moreLondon open: Stocks start lower, weighed down by losses in China
27th Jul 2015 09:28
(ShareCast News) - A sharp drop in Chinese stocks overnight weighed on risk sentiment early on as investors prepared themselves for the US central bank's policy announcement on Wednesday and a wave of corporate results in the UK, US and over on the continent this week. As of 08:33 BST, the FTSE 100
Read moreCranswick 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
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