Meat packing business Hilton Food Group has traded in line with board expectations so far this year, continuing to grow the business through beefed-up volumes and close co-operation with its retail partners.
(WebFG News) - Esure: Peel Hunt upgrades to buy with a target price of 300p.
Food packing business Hilton Food posted a 13% jump in full-year profit on Wednesday as volumes increased, in part thanks to recent acquisitions and joint ventures.
Specialist food packing business Hilton Food said on Thursday that its performance in the year to the end of December has been in line with the board's expectations.
Barclays: Investec downgrades to hold with a target price of 215p.
Retail meat packer Hilton Foods said on Wednesday that it had made "significant strategic progress" in the last four months with the acquisition of Icelandic fish smokers Seachill and the finalisation of an agreement to build a new facility in New Zealand.
Meat packing business Hilton Food has placed a total of 7.35m shares at 760p each, raising proceeds of £55.9m to part-fund the proposed acquisition of chilled fish processor Seachill.
Meat packing business Hilton Food said on Monday that it will go ahead with plans to expand its packing capability to New Zealand.
AIM-listed meat packing business Hilton Food reported a jump in first-half pre-tax profit on Tuesday as revenue rose and the company made good strategic progress with its existing customers in Portugal, Central Europe and Australia.
UK based meat packers, Hilton Food Group announced on Thursday it had signed a long-term supply agreement with Tesco Central Europe to produce its fresh food.
Hilton Food Group said its trading so far in 2017 has been in line with the board's expectations, ahead of issuing its half-year results in July.
Hilton Foods´s chief Robert Watson unloaded 50,000 shares at an indvidual price of 680p on 13 Jnauary, the company said in a statement.
Meat packing business Hilton Food Group said it performed slightly better than it had expected in the year to 1 January thanks to growth in a number of markets and the positive impact of foreign currency translation.
Hilton Food Group has signed a joint venture agreement with Portuguese food retailer Sonae Modelo Continente for the supply of a wide range of packaged beef, lamb, veal and pork products to Sonae stores in Portugal.
Meat packing group Hilton Foods confirmed trading had continued in line with management expectations and that its strong cash generation left it well-placed for various growth opportunities at home and abroad.
Shares in Hilton Foods reach an all-time high as the retail meat packing business posted strong half-year sales and profits growth on Tuesday.
Christine Cross, one of three non-executive directors at Hilton Food Group picked up £29,000-worth of stock in the company on whose board she sits at a price of 580p for each share.
Royal Mail: Jefferies reiterates underperform with a target price of 400p.
Full year results from Hilton Foods were better than expected but the retail meat packer said its forecasts for 2016 were unchanged for now.
After hotels giant Hilton launched a new brand aimed at budget travellers, shares in UK hotel companies were sent lower on Monday on fears of increased competition.