Giving up vegan arm helps Britain’s biggest meatpacker eye profit surge Markets The UK’s biggest meatpacker has upgraded its profit target after offloading its loss-making vegan arm. FTSE 250 listed Hilton, which packages beef, lamb and fish, said it now expected to make a pre-tax profit of between £66m and £71m, a 10 per cent uplift from its previous forecast range. That comes after the firm sold [...]
Hilton Foods: Profit soars at meatpacker as it looks ahead to Walmart site Food Hilton Foods’ seafood and core meat divisions helped bolster the meatpacker’s first-half results as the company geared up for further growth. The FTSE 250 constituent, which had struggled to deal with the rampant inflationary pressures of the last two years, posted a 23.2 per cent rise in adjusted operating profit to £46.9m on a constant [...]
Hilton Foods returns to the black as seafood wing recovers and inflation moderates Retail Meat packer Hilton Foods said recovery of its seafood wing and a new deal with Walmart in Canada has helped drive growth for the year.