Cranswick hikes dividend as increased investment brings home the bacon

  • Cranswick PLC (LSE:CWK) shares rose 2%, back towards recent all-time highs, as the meat producer hiked its dividend 12.2% and announced the acquisition of Blakemans, a leading food service sausage manufacturer. Underlying operating profits were up 11.8% to £206.9 million on revenue that grew 6.8% to £2.7 billion in the 52 weeks to 29 March, with like-for-like sales rising 6.4%.