Shares digital

Gourmet sausage manufacturer Cranswick (CWK) has been delisted as a supplier by Prince Charles’ Duchy Originals. This could make it hard to bounce back from this month’s profit warning, which was blamed upon difficulties in recouping higher meat prices, a situation likely to worsen. The EU’s refusal to countenance genetically modified food is expected to lead to a feed shortage this year, which would hit the pig and poultry sectors hard. At 567p the shares are selling on a prospective PE for 2008 of 11 with a yield of 3.4%.

Shares says: Given the outlook for pork prices the shares are likely to continue to underperform. JM

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