Three Quick Facts: Cranswick, Premier Foods and Experian

Three things you need to know in the financial markets this morning from investment writer, Tony Cross.

Cranswick

Food producers Cranswick [LON:CWK] have published a Q3 update this morning, complete with the news that profits for the full year are now expected to be higher than current market forecasts. Strong export sales, driven by an outbreak of swine fever in China, have bolstered the position, although the company notes that this situation could change if the infection reaches the UK. Full year results to 31^st March will be published in late May.

Premier Foods

Keeping with food, Premier Foods [LON:PFD] has also issued a Q3 update today showing continued growth for the company. Group sales are up 2.6% for the period, with Mr Kipling sales ahead by an impressive 10% over the period. One line that catches attention in particular is the 8.8% jump in non-branded sales for sweet treats compared to a year ago. However this was against weak comparatives and international business also struggled, down 17% on the same period a year ago. The company remains confident that it can deliver progress for the financial year as a whole.

Experian

Rounding out the week is a Q3 update from Experian [LON:EXPN], described as a ‘global information services company’ but perhaps better known as the credit checking giant. Total revenue growth for the period was up 9% on a constant currency basis, helped along by a series of acquisitions which have been made globally. Whilst the company should be fairly well insulated against any economic downturn, it’s worth noting that sluggish UK performance was in one part attributed to a lacklustre automotive market. However, given its geographic and industrial spread, the business should be well enough diversified to ride out any speedbumps like this.

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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