UK's Cranswick beats annual profit estimates; says monitoring Iran war risks (updated)
19/05/2026 08:37
Adds Cranswick share movement, Hilton details May 19 (Reuters) - Cranswick CWK.L beat annual profit expectations on strong meat sales, but the British meat producer warned of potential supply chain disruption from the Iran war. Shares rose 5.2% after reporting 220 million pounds ($294.67 million) in adjusted pretax profit for the year ended March 28, 2026, above company-compiled analyst estimates of 216.2 million pounds. Rising energy and fuel costs linked to the war have raised caution in the British food production and retail sector. Peer Hilton Food HFG.L also warned of potential impact from the Middle East conflict and said it remained cautious about inflationary pressures, while reiterating its annual profit view. ($1 = 0.7466 pounds) (Reporting by Simone Lobo and DhanushVignesh Babu in Bengaluru; Editing by Sherry Jacob-Phillips and Harikrishnan Nair) ((Simone.Lobo@thomsonreuters.com, +919920570373))