Cranswick Shares Hit Record High as Profit Beats Market Forecasts
British meat producer Cranswick posted annual pretax profit ahead of market forecasts on Tuesday, benefiting from strong demand for pork and poultry as well as its expansion into pet foods.
The over 50-year-old firm expanded pig farming and milling operations this past year through acquisition of UK pig genetics company JSR Genetics and sausage manufacturer Blakemans.
Shares in the company spiked to a record high on Tuesday and was last up more than 5%.
"We see few businesses that have the capability, runway and track...
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