The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCranswick Share News (CWK)

Share Price Information for Cranswick (CWK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4,325.00
Bid: 4,325.00
Ask: 4,340.00
Change: -5.00 (-0.12%)
Spread: 15.00 (0.347%)
Open: 4,220.00
High: 4,360.00
Low: 4,220.00
Prev. Close: 4,330.00
CWK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET PRE-OPEN: Pearson profit up; JD Sports shifts Footasylum

Mon, 01st Aug 2022 07:48

(Alliance News) - Stock prices in London are seen starting the new week on the back foot, after manufacturing data from China disappointed.

IG futures indicate the FTSE 100 index will open 15.0 points, 0.2%, lower at 7,408.43. The index closed up 78.18 points, or 1.1%, at 7,423.43 on Friday. It climbed 2.0% last week and 3.5% over the whole of July.

In early UK corporate news, education materials publisher Pearson reported an interim profit rise. Ascential said it benefited from an "events bounce-back" but opted against restoring its dividend for now. Engineering components Senior resumed its dividend though its first-half profit halved amid a swing in one-off items.

Away from earnings, JD Sports Fashion said it has struck a deal to dispose of Footasylum, a recent acquisition which the UK's competition watchdog had ordered it to sell.

The athleisure retailer has exchanged contracts to sell Footasylum to Aurelius Group for GBP37.5 million.

JD Sports purchased Footasylum back in March 2019 for GBP90.1 million, but the deal was immediately placed under investigation by the UK Competition & Markets Authority. In November last year, the CMA ordered JD Sports to sell the footwear retailer to address concerns about competition in the UK.

"JD has cooperated with the CMA throughout the divestment process, including ensuring that the purchaser was acceptable to the CMA and met certain key criteria set out within the final undertakings. The sale is anticipated to complete in the coming weeks with no conditionality," JD Sports said.

Pearson posted a rise in interim sales and profit.

"Pearson has delivered another encouraging financial performance in the first half of the year. We continue to make excellent strategic and operational progress, with momentum across the business. We are already seeing clear benefits from our increasingly diverse learning ecosystem, with Pearson serving more people across their lifelong learning journeys," Chief Executive Andy Bird said.

Revenue in the first half of 2022 increased 12% to GBP1.79 billion from GBP1.60 billion a year before. Pretax profit jumped to GBP179 million from just GBP4 million. Pearson had booked GBP85 million in restructuring costs a year earlier.

Adjusted operating profit was 26% higher year-on-year at GBP160 million from GBP127 million.

Pearson upped its payout by 4.8% to 6.6 pence per share from 6.3p.

Business-to-business publisher and events organiser Ascential said it traded in line with expectations in the first half of 2022.

"Both major events of the half performed extremely strongly, with Cannes Lions meeting and Money20/20 Europe exceeding 2019, pre-pandemic, levels of revenue and profit. Money20/20 USA, due to take place in October 2022, continues to trade very well," the company said.

Revenue jumped 59% year-on-year to GBP95.1 million from GBP59.7 million. However, Ascential's pretax loss stretched to GBP41.6 million from GBP13.6 million.

Ascential said it booked a GBP31.4 million impairment related to its Edge Digital Shelf e-commerce analytics platform. It did not book any impairments a year earlier.

Ascential, which did not declare a dividend in 2020 and 2021 due to Covid, decided against an interim payout again.

"The board will keep capital allocation priorities, including shareholder cash returns, continually under review," it said.

Cranswick said it has started its new financial year in decent health, as the meat producer bids to fight off inflationary pressures with price increases.

Revenue in the 13 weeks to June 25, its first quarter, was 7.6% higher year-on-year. On a like-for-like basis, excluding newer acquisitions, revenue was up 5.8%.

"UK revenue across all four food product categories was ahead year-on-year. Substantial and widespread cost inflation continues to be proactively managed and mitigated through tight cost control and ongoing recovery," Cranswick said.

In Asia, however, revenue performance was not as strong.

Cranswick explained: "Far east export sales were, as anticipated, lower than the same quarter last year due to market prices falling from the elevated levels experienced over the previous two years and the ongoing suspension of our Norfolk primary pork processing facility's China export licence. The China pig price has strengthened in recent weeks, albeit still below the highs of 2019 and 2020."

Cranswick expects annual results in line with board expectations.

Senior's interim profit fell on the absence of a chunky disposal gain it booked a year earlier.

In the first half of 2020, pretax profit halved to GBP11.1 million from GBP22.3 million a year earlier.

It reported GBP300,000 in costs related to the acquisition of Spencer Aerospace, a Valencia, California-based maker of high-pressure hydraulic fluid fittings. Senior announced the purchase in June; it will pay up to GBP100 million. Senior on Monday said its expects the acquisition to complete in the current quarter.

A year earlier, Senior had booked a GBP24.2 million gain on the disposal of Senior Aerospace Connecticut.

Half-year revenue rose 21% to GBP402.2 million from GBP332.8 million a year earlier.

Senior reinstated its dividend with a 0.3p per share payout.

"The board anticipates further good progress in 2022, in line with previous expectations, with performance in the second half of the year expected to be similar to the first half. Along with the strong cash performance and healthy balance sheet, this gives the board confidence to announce the reinstatement of a dividend for 2022," CEO David Squires said.

Monday's economic calendar has a series of manufacturing PMIs, including the eurozone at 0900 BST, the UK at 0930 BST, and the US at 1445 BST.

Already out, China's manufacturing sector saw momentum fade in July as Caixin's purchasing managers' index slipped dangerously close to the no-change mark of 50.0.

Caixin's PMI fell to 50.4 points in July from 51.7 in June, indicating just marginal growth was achieved last month.

The dollar, which has struggled in the wake of the US Federal Reserve's interest rate decision last week Wednesday, was on the back foot again.

The pound was quoted at USD1.2178 early Monday, up from USD1.2163 at the London equities close on Friday. The euro traded at USD1.0217, up from USD1.0196. Against the yen, the greenback faded to JPY132.51 from JPY133.45.

In Tokyo on Monday, the Nikkei 225 rose 0.7%. The S&P/ASX 200 in Sydney also climbed 0.7%. In China, the Shanghai Composite was up 0.1% in late trade, while the Hang Seng Index in Hong Kong was also 0.1% higher.

Brent oil was quoted at USD103.16 a barrel early Monday, down from USD105.24 late Friday. Gold stood at USD1,761.40 an ounce, down from USD1,763.38.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
30 Apr 2024 09:46

LONDON BROKER RATINGS: Deutsche says buy Barr, Britvic and Fevertree

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
25 Jan 2024 15:06

UK earnings, trading statements calendar - next 7 days

Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
19 Jan 2024 15:35

UK dividends calendar - next 7 days

Monday 22 January 
abrdn Diversified Income & Growth PLCdividend payment date
Tuesday 23 January 
no events scheduled 
Wednesday 24 January 
Alpha Real Trust Ltddividend payment date
Baltic Classifieds Group PLCdividend payment date
discoverIE Group PLCdividend payment date
Personal Assets Trust PLCdividend payment date
Pharos Energy PLCdividend payment date
Thursday 25 January 
abrdn Asian Income Fund Ltdex-dividend payment date
Brickability Group PLCex-dividend payment date
Carr's Group PLCex-dividend payment date
City of London Investment Trustex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
Foresight Solar Fund Ltdex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
Law Debenture Corp PLCdividend payment date
Pennon Group PLCex-dividend payment date
RWS Holdings PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCdividend payment date
Sirius Real Estate Ltddividend payment date
Smart Metering Systems PLCdividend payment date
Solid State PLCex-dividend payment date
Global Smaller Cos Trust PLCdividend payment date
Tracsis PLCex-dividend payment date
Victrex PLCex-dividend payment date
Volta Finance Ltddividend payment date
Friday 26 January 
abrdn Private Equity Opportunities Trust PLCdividend payment date
Auto Trader Group PLCdividend payment date
Big Yellow Group PLCdividend payment date
Burberry Group PLCdividend payment date
Caledonia Mining Corp PLCdividend payment date
Character Group PLCdividend payment date
Cranswick PLCdividend payment date
Foresight Group Holdings Ltddividend payment date
Henderson High Income Trust PLCdividend payment date
IntegraFin Holdings PLCdividend payment date
International Biotechnology Trust PLCdividend payment date
Iomart Group PLCdividend payment date
James Latham PLCdividend payment date
JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Marble Point Loan Financing Ltddividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Montanaro European Smaller Cos Trust PLCdividend payment date
Schroder Income Growth Fund PLCdividend payment date
Templeton Emerging Markets Investment Trust PLCdividend payment date
Ultimate Products PLCdividend payment date
Value & Indexed Property Income Trust PLCdividend payment date
Walker Crips Group PLCdividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
18 Jan 2024 15:14

London close: Stocks manage gains after deluge of updates

(Sharecast News) - London's stock markets managed a positive finish amid subdued trading activity on Thursday, with investors digesting a plethora of corporate news.

Read more
18 Jan 2024 11:16

Cranswick lifts profit outlook following strong festive trading period

(Alliance News) - Cranswick PLC on Thursday said that believes its product quality and financial stability can support growth throughout 2024.

Read more
18 Jan 2024 07:53

Cranswick sees FY profits ahead after better-than-expected Q3

(Sharecast News) - Meat producer Cranswick said on Thursday that adjusted pre-tax profit for the year to the end of March 2024 was set to be ahead of the board's previous expectations after stronger-than-expected trading in the third quarter.

Read more
3 Jan 2024 09:23

LONDON BROKER RATINGS: GSK raised to 'buy'; AstraZeneca cut to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
7 Dec 2023 14:30

UK dividends calendar - next 7 days

Friday 8 December 
Ashmore Group PLCdividend payment date
CVS Group PLCdividend payment date
Galliford Try Holdings PLCdividend payment date
Games Workshop Group PLCex-dividend payment date
Genus PLCdividend payment date
Invesco Perpetual UK Smaller Companies Investment Trust PLCdividend payment date
Majedie Investments PLCdividend payment date
NCC Group PLCdividend payment date
Schroder Japan Trust PLCdividend payment date
SThree PLCdividend payment date
Tatton Asset Management PLCdividend payment date
Unilever PLCdividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Whitbread PLCdividend payment date
Young & Co's Brewery PLCdividend payment date
Monday 11 December 
Asian Energy Impact Trust PLCdividend payment date
YouGov PLCdividend payment date
Tuesday 12 December 
Brunner Investment Trust PLCdividend payment date
Pan African Resources PLCdividend payment date
Wednesday 13 December 
no events scheduled 
Thursday 14 December 
Associated British Foods PLCspecial ex-dividend payment date
Associated British Foods PLCex-dividend payment date
Baltic Classifieds Group PLCex-dividend payment date
Barings Emerging EMEA Opportunities PLCex-dividend payment date
BlackRock Energy & Resources Income Trust PLCex-dividend payment date
Burberry Group PLCex-dividend payment date
Caffyns PLCex-dividend payment date
Chelverton UK Dividend Trust PLCex-dividend payment date
Cranswick PLCex-dividend payment date
Crystal Amber Fund Ltdex-dividend payment date
discoverIE Group PLCex-dividend payment date
DS Smith PLCex-dividend payment date
Ferguson PLCex-dividend payment date
Fuller, Smith & Turner PLCex-dividend payment date
Halfords Group PLCex-dividend payment date
ICG-Longbow Senior Secured UK Property Debt Investments Ltdex-dividend payment date
Impellam Group PLCex-dividend payment date
JPMorgan Global Emerging Markets Income Trust PLCex-dividend payment date
Mitie Group PLCex-dividend payment date
Murray Income Trust PLCex-dividend payment date
Northamber PLCex-dividend payment date
Personal Assets Trust PLCex-dividend payment date
Polar Capital Holdings PLCex-dividend payment date
Redde Northgate PLCex-dividend payment date
Residential Secure Income PLCex-dividend payment date
Sirius Real Estate Ltdex-dividend payment date
Templeton Emerging Markets Investment Trust PLCex-dividend payment date
Town Centre Securities PLCex-dividend payment date
TR Property Investment Trust PLCex-dividend payment date
Triad Group PLCex-dividend payment date
Tritax EuroBox PLCex-dividend payment date
Vertu Motors PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
23 Nov 2023 10:34

Berenberg hikes target price on Cranswick

(Sharecast News) - Analysts at Berenberg raised their target price on food manufacturing group Cranswick from 4,620.0p to 4,694.0p on Thursday, stating it expects to see the group's market share gains continue.

Read more
23 Nov 2023 10:34

Berenberg hikes target price on Cranswick

(Sharecast News) - Analysts at Berenberg raised their target price on food manufacturing group Cranswick from 4,620.0p to 4,694.0p on Thursday, stating it expects to see the group's market share gains continue.

Read more
23 Nov 2023 10:11

LONDON BROKER RATINGS: UBS cuts Auto Trader; Bryan Garnier likes Sage

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
21 Nov 2023 15:19

London close: Stocks slip ahead of FOMC minutes, Autumn Statement

(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.

Read more
21 Nov 2023 09:48

TOP NEWS: Cranswick lifts outlook as interim profit and revenue soar

(Alliance News) - Cranswick PLC on Tuesday said that it now expects full year profit to be at the top end of market consensus, after growth across its core UK food businesses boosted interim revenue.

Read more
21 Nov 2023 07:50

Cranswick lifts full-year profit outlook

(Sharecast News) - Food producer Cranswick said on Tuesday that adjusted pre-tax profit for the year to the end of March was set to be at the upper end of market consensus as it posted a jump in interim profit and revenue amid "resilient" demand.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.