07 September 1998
Hillsdown to postpone sale of poultry business

HILLSDOWN Holdings is understood to have decided to postpone the sale of its poultry business.

The group, which is in the middle of a demerger, is expected to announce that its first-half figures have hit hard by the poor performance of the poultry business.

The division is valued at about £100 million. But the strength of the pound has left it fighting cheap imports from the Continent.

The Ross Breeders poultry breeding business will now be sold off as a separate business. It has an estimated value of £130m.