Hilton Food director tucks in

Colin Smith, a non-executive director at Hilton Food Group has taken his first shares in the meatpacker after it posted a rise in profits.

He took 30,000 at 258p a time, spending £77,400.

Hilton, whose customers include the supermarket giant Tesco and Dutch retailer Ahold, said pre-tax profits for the year to 2 January were up by 10.7% from the previous 53 week period to £22.2m,. Revenues were up by 4.6% to £864.2m.

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While volumes of meat packed were up by 9% on a comparable 52 week basis, revenues were up 6% due to an increased percentage of sales from central Europe and a higher percentage of sales of lower priced pork products.