Cranswick brings home the bacon as profits rise
Tuesday 25 May 2010
Increased supermarket demand for bacon and sausages helped Cranswick's annual profits jump 26 per cent to a new record, the pork products supplier said yesterday.
The group, which was started by farmers in the early 1970s to produce pig feed, said sales increased by 22 per cent to £740m in the year to 31 March, while pre-tax profits lifted to £43.8m from £34.7m a year earlier. Cranswick said sales of cooked meats rose 13 per cent, sausages 23 per cent and bacon 61 per cent, supporting its decision to invest in those categories in recent years.
The company added that increased consumer spending on such products looked set to continue this year due to the "value and versatility" of pork. Cranswick, which has supply contracts including Sainsbury's "Taste the Difference" range, expanded last year with the acquisition of family-run Bowes of Norfolk in a £17.2m deal.
As well as providing pork for Tesco, Bowes supplies the UK's main meat manufacturers, who make pies, bacon and processed meats for retailers and restaurants.
- 1 Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
- 3 Parma, Missouri: 80 per cent of town's police quit after first black mayor is elected
- 5 Google search history can now be downloaded in its entirety, mass embarrassment expected
Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
Katie Hopkins and The Sun editor David Dinsmore reported to police for incitement to racial hatred following migrant boat column
'Jihadi John': Isis executioner Mohammed Emwazi wanted to wage jihad in Somalia until his friends were betrayed and killed by al-Shabaab
Parma, Missouri: 80 per cent of town's police quit after first black mayor is elected
Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
Katie Hopkins on LBC: Listen to caller taking The Sun columnist to task over migrant comments
iJobs Money & Business
£12000 - £15000 per annum: Recruitment Genius: An expanding Insurance Brokerag...
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£30 - 35k (DOE): Guru Careers: We are seeking a Pricing Analyst with experienc...
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...