Updates

Cranswick - Gaining selling space at Sainsbury's

September 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Cranswick's AGM statement confirmed that trading is ahead on a like-for-like basis for the first quarter of this year, although it is not company policy to give specifics at this point. Nevertheless it was still enough to send the shares to a new 549p high (equivalent to 1098p before the recent two way split). Broker, Numis, has just published an update, whichhighlights certain comments in the trade press that Sainsbury's isintending to step up a new product innovation program to persuadeconsumers to buy more British pork products and so help protect thelivelihood of farmers. This is particularly good news for Cranswick which produces around one third of Sainsbury's freshpork. ...

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