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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
-
The top stocks in the FTSE 100After a year of strong returns for the UK’s flagship index, which FTSE 100 stocks have posted the best performance in 2024?
-
A junior ISA could turn your child’s pocket money into thousands of poundsPersuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
