Analysts' cautious as Cranswick shares dip
Shares in meat maunfacturer Cranswick dipped sharply this week after the company posted a surprise profit warning.
The shares fell 110.5p to 629p following its interim results, but have since risen again to 644.5p.
A Cranswick statement said: “Trading during the first quarter has been challenging with the Company having to manage significant raw material price inflation during a period in which market conditions have remained extremely demanding.”
Greggs the Baker is under pressure to release its interim figures early, as city analysts remain cautious about the rising commodity prices and high cost of raw materials. Its share price also slipped 18 to 513.5p.