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Investing.com -- Cranswick Plc (LON:CWK) shares fell more than 2% on Monday after new allegations of animal cruelty surfaced at one of its farms.
The U.K.-based company said it was “horrified” by covertly filmed footage showing pig mistreatment at Somerby Top farm, adding that the material had been recorded months earlier but only recently shared.
Similar footage emerged in May from its North Moor Farm site, which the company said was also “historic.”
It added that the employees involved in the incidents have since left and management changes have taken place at North Moor.
The group has also revised its policies on euthanasia, prohibiting the use of manual blunt force trauma, known as “piglet thumping,” and has begun installing AI-enabled CCTV across its farms to monitor activity.
“While this news is clearly disappointing, CWK does not believe the footage is reflective of current farm standards, and has already taken meaningful steps to ensure this does not repeat,” said analysts at Jefferies in a note.
“We note that both farms involved were acquired in 2023, and there have already been mgmt changes at the former,” the brokerage added.