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BUZZ-Cranswick: inches towards record high as co sidesteps UK supermarkets' woes

Reuters - UK Focus

** Cranswick (LSE: CWK.L - news) poised for best one-day rise since June & within easy grasp of all-time highs after increases dividend & reporting rise in H1 adj pretax profits

** Comes in face of challenging grocery backdrop where supermarkets are squeezing food producers in bid to lower prices at check-outs & bolster profits

** Analysts at N+1 Singer flag that Cranswick has not suffered any incremental negative impact from supermarket price wars & if anything co sees scope to capitalise at expense of weaker operators

** Co's recent acquisition of poultry business Benson Park seen boosting earnings Investec Secs which ups FY2016 PBT estimates by 4 pct

** Cranswick, up almost 4 pct, outperforms peers, with Dairy Crest (BSE: CREST.BO - news) up 0.4 pct, Devro (Other OTC: DEITF - news) 1 pct firmer & Greencore down 0.1 pct (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)