16 November 1998
Pig price collapse hits Unigate

PROFITS at Unigate are forecast to drop by £4 million when the company reports its results for the last six months.

The collapse in pig prices is expected to reduce Unigates first-half earnings to between £62m and £67m, compared with £66.4m last time.

Unigates pig processing company Malton Foods will be worst affected. But the companys St Ivel foods business is also being squeezed.

Analysts will be waiting news of the companys plans for the £172m of net cash that it retained following the collapse of buy-out talks with Hillsdown Holdings.