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Cranswick PLC Ord 10P (CWK)

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18-May-2015 07:34 AM

Cranswick adjusted pre-tax profits up

Food producer Cranswick posts adjusted profit before tax of £57.8m for the year to the end of March - 10.6% up on last time. Revenue rose by 0.8 to £1,003.3m (2014: £994.9m) while adjusted group operating margins increased to 5.8% (2014: 5.4%). Adj
09-Apr-2015 09:56 AM

Cranswick sales up

Cranswick reports a strong final quarter with underlying volumes 4% ahead of the corresponding quarter a year ago. With lower input prices being passed on to customers this gave rise to a 1 per cent increase in underlying sales. Full year underlying
29-Jan-2015 07:48 AM

Cranswick on track after strong Xmas sales

UK food producer Cranswick's Christmas trading was strong, with December total and underlying sales well ahead year on year. Total sales for the third quarter were marginally ahead of the corresponding period last year and trading was in line with
24-Nov-2014 07:32 AM

Cranswick adjusted pre-tax profits up as margins improve

Food producer Cranswick posts adjusted pre-tax profits of £25.8m for the six months to the end of September - 11.4% up on last time. Revenues were lower at £481.5m (2013: £483.5m) but adjusted group operating margins improved to 5.4% from 4.9%. Chair
23-Oct-2014 08:10 AM

Cranswick acquires Benson Park

Cranswick has acquired Benson Park, a leading producer of premium British cooked poultry. Benson Park supplies ingredients to customers which operate in the fast growing food to go sector of the retail multi-channel, convenience and foodservice markets.
06-Oct-2014 10:23 AM

Cranswick remains on track

Cranswick, the UK food producer, has reported that trading for the six months ended 30 September 2014 has been in line with the Board's expectations with revenue similar to the same period last year. Growth across most product categories offset l
31-Jul-2014 04:08 PM

Cranswick director retires

Cranswick has confirmed that Bernard Hoggarth retired as a director on 28 July. He was appointed a director in 1988 and was chief executive between 2004 and 2012. He had been with the business for 36 years and during this period Cranswick has progressed
31-Jul-2014 02:45 PM

Cranswick SID retires

Cranswick non-executive director John Worby has retired from the board. He was appointed a non-executive director in 2005 and was chairman of the audit committee and senior independent director. The board thanked him for his invaluable contribution to
30-Jul-2014 03:15 PM

Cranswick resolutions passed at AGM

Cranswick, the UK food producer, has confirmed that all resolutions proposed at its annual general meeting on 28 July were duly passed. At 3:15pm: (LON:CWK) Cranswick PLC share price was +2.5p at 1263.5p Story provided by StockMarketWire.com...
28-Jul-2014 08:11 AM

Cranswick in line with forecasts

UK food producer Cranswick says trading so far in the current financial year has been in line with the board's expectations. Revenue in the three months to 30 June was 5% ahead of the corresponding period last year reflecting continued growth across
19-May-2014 11:19 AM

Cranswick elaborates on director retirement

Cranswick has made a statement following the retirement of executive director Bernard Hoggarth announced alongside today's results. Hoggarth, who stood down from the position of Chief Executive in 2012 and has continued since on a part-time basis,
19-May-2014 07:49 AM

Cranswick hikes divi

Food producer Cranswick posts adjusted pre-tax profits of £52.2m for the year to the end of March - 6% up on last time. The group reports strong underlying revenue growth, up 12% at £980.6m with adjusted earnings per share up 7% at 84.1p while net
07-Apr-2014 07:06 AM

Cranswick sees margins hit by rising input prices

Cooked meat producer Cranswick said underlying sales increased by 12% in the year to end-March. Total sales for the year were 13% higher after taking into account the contribution from acquisitions. Strong growth was seen across most product categorie
30-Jan-2014 09:44 AM

Cranswick underlying revenues up 13%

Food producer Cranswick reports a strong sales performance in the three months to 31 December with underlying revenue 13% up on a year ago and maintaining the momentum established in the first half. Total sales for the quarter were 14% higher after ta
25-Nov-2013 07:21 AM

Cranswick first half-year sales significantly ahead of last year

Pork products producer Cranswick said both total and underlying sales for the half-year to end-September were significantly ahead of the prior year period. Total sales at £484m were 15% higher and underlying 13% ahead. Cranswick said, the increase
07-Oct-2013 07:09 AM

Cranswick half-year sales 15% higher

Food producer Cranswick said trading during the first half-year to end-September has seen strong sales growth combined with the challenge of managing further significant raw material price inflation driven by robust demand for British pig meat. Underlyin
29-Jul-2013 02:17 PM

Broker New & Views

Jefferies International cuts Marston's to hold from buy, target raised from 150p to 155p. N + 1 Singer cuts Senior to hold from buy, target unchanged. Deutsche Bank reiterates buy on Shire, target raised from 2390p to 2660p. Investec retains buy on
29-Jul-2013 08:02 AM

Cranswick underlying turnover up

UK food producer Cranswick says the current financial year has started in line with the board's expectations. Underlying turnover in the three months to 30 June was 10% ahead of the corresponding period last year reflecting strong growth across mos
21-May-2013 02:35 PM

Broker News & Views

Sanlam Securities cuts Sage Group to sell from hold, 330p target unchanged. Investec retains buy on Carnival, target cut from 2,800p to 2,550p. Deutsche Bank reiterates buy on Reed Elsevier target raised from 790p to 820p. N + 1 Singer retierates buy on
20-May-2013 02:34 PM

Broker News & Views

Numis lifts Royal Bank of Scotland to buy from hold, target raised from 308p to 410p. Liberum Capital retains sell on Carillion, target cut from 250p to 235p. Deutsche Bank reiterates buy on easyJet, target raised from 1040p to 1370p. Shore Capital cuts
20-May-2013 07:06 AM

Cranswick continues bringing home the bacon

Meat producer Cranswick reported revenues up 7% to £875m in the year to end-March (2012: £821m). Underlying sales were ahead 5%. Operating profit before impairment was up 7 per cent at £50.0m (2012: £46.7m). Adjusted pre-tax profit up 8 per cent to
30-Apr-2013 08:16 AM

Cranswick takes over East Anglian Pigs

Cranswick announces has acquired East Anglian Pigs Limited, a successful business involved in the breeding, rearing and finishing of British pigs. EAP operates in the British premium outdoor pig-rearing sector and has accreditation under RSPCA Freedom Fo
04-Apr-2013 07:22 AM

Cranswick on target

Meat processor Cranswick said underlying sales increased by 5% in the year to end-March. Operating margins are expected to be broadly in line. Total sales for the year were 7% higher after taking into account the contribution from Kingston Foods which w
31-Jan-2013 02:04 PM

Broker News & Views

Credit Suisse downgrades Antofagasta from neutral to underperform, target cut from 1,300p to 1,150p. Societie Generale downgrades Glencore from buy to hold. Exane BNP Paribas upgrades Rolls-Royce Group from neutral to outperform, target price increased f
31-Jan-2013 08:06 AM

Cranswick total sales up 8%

Food producer Cranswick's total sales for the three months to the end of December were 8% up rafter taking into account the contribution from Kingston Foods which was acquired on 29 June. Sales growth of bacon, sausages and cooked meat products was
 
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