The company said it would benefit from the continuing high cost and reduced availability of gut casings as more manufacturers were converting to Collagen from gut. Williams said the outbreak of swine flu virus had not affected the company's business. Investec Securities analyst Nicola Mallard, who has a "buy" rating on Devro stock, raised her price target on the stock to 117 pence from 110 pence. "The stock is trading at an undeserved discount to its peers," Mallard wrote in a note. Devro reported an operating profit before exceptional items of 10.4 million pounds ($17.6 million) for the six months ended , up from 8.8 million pounds a year ago. Pretax profit more than doubled to 11 million pounds, while pretax profit before exceptional items rose by 17 percent to 9.2 million pounds. 
Share:  The company said it would benefit from the continuing high cost and reduced availability of gut casings as more manufacturers were converting to Collagen from gut. Williams said the outbreak of swine flu virus had not affected the company's business. <span class="sent"> Investec Securities analyst <span class="analyst">Nicola Mallard</span>, who has a "buy" rating on <span class="company">Devro</span> stock, raised her price target on the stock to 117 pence from 110 pence. </span> "The stock is trading at an undeserved discount to its peers," Mallard wrote in a note. <span class="company">Devro</span> reported an operating profit before exceptional items of 10.4 million pounds ($17.6 million) for the six months ended , up from 8.8 million pounds a year ago. Pretax profit more than doubled to 11 million pounds, while pretax profit before exceptional items rose by 17 percent to 9.2 million pounds. Tweet this 

British sausage skin maker Devro falls 4.6 percent and pork supplier Cranswick falls 4.7 percent. 'Historically, the effects have been temporary, but right then and there the effect can be substantial (on prices)', says fish farming analyst Dag Sletmo at ABG Sundal Collier. 'Consumers can become nervous, and substitute swine with other sources of protein,' Sletmo says, adding supply of swine would not be affected unless there were import restrictions or slaughter of infected animals. Reuters messaging rm://richard.solem.reuters.com@reuters.net 
Share:  British sausage skin maker <span class="company">Devro</span> falls 4.6 percent and pork supplier Cranswick falls 4.7 percent. <span class="sent"> 'Historically, the effects have been temporary, but right then and there the effect can be substantial (on prices)', says fish farming analyst <span class="analyst">Dag Sletmo</span> at ABG Sundal Collier. </span> 'Consumers can become nervous, and substitute swine with other sources of protein,' Sletmo says, adding supply of swine would not be affected unless there were import restrictions or slaughter of infected animals. Reuters messaging rm://richard.solem.reuters.com@reuters.net Tweet this 

British sausage skin maker Devro falls 4.6 percent and pork supplier Cranswick falls 4.7 percent. 'Historically, the effects have been temporary, but right then and there the effect can be substantial (on prices)', says fish farming analyst Dag Sletmo at ABG Sundal Collier. 'Consumers can become nervous, and substitute swine with other sources of protein,' Sletmo says, adding supply of swine would not be affected unless there were import restrictions or slaughter of infected animals. Reuters messaging rm://richard.solem.reuters.com@reuters.net . 
Share:  British sausage skin maker <span class="company">Devro</span> falls 4.6 percent and pork supplier Cranswick falls 4.7 percent. <span class="sent"> 'Historically, the effects have been temporary, but right then and there the effect can be substantial (on prices)', says fish farming analyst <span class="analyst">Dag Sletmo</span> at ABG Sundal Collier. </span> 'Consumers can become nervous, and substitute swine with other sources of protein,' Sletmo says, adding supply of swine would not be affected unless there were import restrictions or slaughter of infected animals. Reuters messaging rm://richard.solem.reuters.com@reuters.net . Tweet this 

Devro sources collagen as a by-product of leather hides, and demand for hides has collapsed as the car, furniture and aeroplane industries cut back production.. Page said this meant the price of raw collagen was rising. However, producers are now gaining a larger proportion of their revenue from collagen, meaning customers such as Devro have greater influence, allowing them to dictate product quality.. Devro also warned that the deficit on its defined benefit pension scheme - already closed to new members - has more than tripled as a result of falling asset valuations, to £25.8m.. Finance director Peter Williams said the deficit was an ongoing issue for the company, and it was likely to make additional payments to reduce it this year.. Devro incurred exceptional costs relating to the closure of one of its Czech factories, but said it expected the closure to result in annual savings of £2m.. Investec analyst Nicola Mallard said she expected to increase her forecasts for the company.  
Share:  <span class="company">Devro</span> sources collagen as a by-product of leather hides, and demand for hides has collapsed as the car, furniture and aeroplane industries cut back production.. Page said this meant the price of raw collagen was rising. <span class="sent"> However, producers are now gaining a larger proportion of their revenue from collagen, meaning customers such as <span class="company">Devro</span> have greater influence, allowing them to dictate product quality.. <span class="company">Devro</span> also warned that the deficit on its defined benefit pension scheme - already closed to new members - has more than tripled as a result of falling asset valuations, to £25.8m.. Finance director Peter Williams said the deficit was an ongoing issue for the company, and it was likely to make additional payments to reduce it this year.. <span class="company">Devro</span> incurred exceptional costs relating to the closure of one of its Czech factories, but said it expected the closure to result in annual savings of £2m.. Investec analyst <span class="analyst">Nicola Mallard</span> said she expected to increase her forecasts for the company. </span>...<span class="sent">However, producers are now gaining a larger proportion of their revenue from collagen, meaning customers such as <span class="company">Devro</span> have greater influence, allowing them to dictate product quality.. <span class="company">Devro</span> also warned that the deficit on its defined benefit pension scheme - already closed to new membe Tweet this