Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

983.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 1,088.00
  • 52 Week Low: 884.00
  • Currency: UK Pounds
  • Shares Issued: 81.72m
  • Volume: 131,575
  • Market Cap: £803.27m
  • RiskGrade: 108

'Meat tax' proposed to save lives with more pricey sausages

By Duncan Ferris

Date: Wednesday 07 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Thousands of lives and more than £700m in healthcare costs could be saved in the UK each year with the introduction of a tax on red meat, according to a study released on Wednesday.
Researchers at the University of Oxford claim that a 79% tax on processed meats such as sausages and bacon and a 14% tax on unprocessed red meat such as steak would be the optimal level of taxation.

High consumption of red meat such as beef, lamb and pork has been linked to a host of health problems, including increased risk of heart disease, stroke, type-2 diabetes and cancer.

If implemented worldwide, the researchers said such measures would prevent 220,000 deaths and save £30bn in healthcare costs.

Marco Springmann, lead researcher on the study, said: "I hope that governments will consider introducing a health levy on red and processed meat as part of a range of measures to make healthy and sustainable decision-making easier for consumers. A health levy on red and processed meat would not limit choices, but send a powerful signal to consumers."

However, critics argue that the proposed tax would push people on the poverty line into further financial difficulty and Christopher Snowdon, from the Institute for Economic Affairs, said taxing food was "the next battleground for the nanny state".

A tax would also likely have a profound affect on butchers and other food industry companies such as London-listed outfits Hilton Food Group and Crawshaw, which cut 350 jobs after it entered administration earlier this month.

In October, Hilton partnered with Dutch vegetarian product manufacturer Dalco Food in order to expand its offering in the "fast-growing vegetarian market".

With rumblings of a red meat tax, along with research from Mintel released earlier this month suggesting that 34% of Brits have reduced their meat consumption and sales of meat-free foods estimated to increase by 44% and reach £1.1bn by 2023, other industry players might be well advised to follow Hilton's lead.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HFG Market Data

Currency UK Pounds
Share Price 983.00p
Change Today -8.00p
% Change -0.81 %
52 Week High 1,088.00
52 Week Low 884.00
Volume 131,575
Shares Issued 81.72m
Market Cap £803.27m
RiskGrade 108

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.37% below the market average95.37% below the market average95.37% below the market average95.37% below the market average95.37% below the market average
93.33% below the sector average93.33% below the sector average93.33% below the sector average93.33% below the sector average93.33% below the sector average
Price Trend
58.92% above the market average58.92% above the market average58.92% above the market average58.92% above the market average58.92% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Income
60.74% below the market average60.74% below the market average60.74% below the market average60.74% below the market average60.74% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Growth
52.77% above the market average52.77% above the market average52.77% above the market average52.77% above the market average52.77% above the market average
86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 6
buy
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HFG Dividends

  Latest Previous
  Interim Final
Ex-Div 31-Oct-19 30-May-19
Paid 29-Nov-19 28-Jun-19
Amount 6.00p 15.80p

Trades for 16-Sep-2019

Time Volume / Share Price
16:35 6,561 @ 983.00p
16:29 15 @ 980.00p
16:29 1 @ 980.00p
16:29 16 @ 980.00p
16:29 15 @ 980.00p

HFG Key Personnel

CFO Nigel Majewski
CEO Philip Heffer

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