Soaring Cost of Meat and Fish Weighs on Food Giant Hilton as Customers Cut Back
Shares in food sourcing, processing and packaging giant Hilton plunged on Tuesday as soaring prices continue to weigh on demand for meat and fish.
FTSE 250-listed Hilton Foods flagged a 'more cautious' trading outlook, amid inflationary woes and continued disruption to shipments of smoked salmon to the US.
Hilton, which partners with retailers like Tesco to supply their private-label products, had previously warned rising prices have hurt consumer demand for seafood as large cuts to fishing quotas have driven double-digit inflation.
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