Cranswick sizzles on update

Shares in FTSE 250 food producer Cranswick (LON:CWK) climbed by 9.54% to 3,720p (as of 14:15 GMT) after it said that adjusted profits before tax for the year ending 31st March would be ahead of expectations. Management said that UK trading had been robust and biosecurity issues elsewhere in the world had increased export opportunities.

The firm said that the commissioning of its new poultry facility was ramping up well, and added that recent acquisitions had helped secure its control over part of its pork supply chain.