Latest news with #meatproduction
Bloomberg
23-05-2025
- Business
- Bloomberg
Meat Producer JBS Says US Listing Plan Approved by Minority Shareholders
JBS SA 's minority shareholders approved a restructuring plan that clears the way for the listing of the world's largest meat producer in New York, according to a company filing. The move will transfer ownership of the Brazilian company to a newly formed Netherlands-based entity, which will trade on the New York Stock Exchange. It also creates a dual-class share structure that will give its controlling shareholders — the brothers Wesley and Joesley Batista — increased voting power.
Reuters
20-05-2025
- Business
- Reuters
Cranswick beats annual profit expectations on strong pork demand
May 20 (Reuters) - British meat producer Cranswick (CWK.L), opens new tab reported annual pretax profit ahead of market expectations on Tuesday, driven by strong demand for its pork and poultry products. Cranswick reported adjusted profit before tax of 197.9 million pounds ($264.8 million) for the year ended March 29, above analysts' expectations of about 192 million pounds, according to data compiled by LSEG. The company proposed to raise its final dividend by nearly 13% to 76 pence per share. "The start to the current financial year has been in line with the board's expectations," Cranswick said in a statement. The company has been making significant investments to increase production capabilities and broaden its range of products in a bid to diversify its income streams. Earlier this year, the group expanded pig farming and milling operations, and acquired UK pig genetics company JSR Genetics. ($1 = 0.7474 pounds)
