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Pin to quick picksGreencore Share News (GNC)

Share Price Information for Greencore (GNC)

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Share Price: 166.40
Bid: 166.00
Ask: 166.40
Change: -1.60 (-0.95%)
Spread: 0.40 (0.241%)
Open: 166.00
High: 168.20
Low: 166.00
Prev. Close: 168.00
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Greencore interims up in 'challenging' UK market

Tue, 21st May 2019 07:51

(Sharecast News) - Convenience food maker Greencore on Tuesday reported a 17% rise in interim adjusted pre-tax profit as it faced a "challenging" UK market with a strong performance by its food-to-go business offset by a softer ready meals market. Greencore said its adjusted pre-tax profits rose to £37.7m from £32.2m on the back of a 4.6% fall in group revenue to £701.4m. Adjusted operating profit rose by 0.9% to £44.9m. The interim dividend was increased 11.4% to 2.45p a share.The company last November sold its US operation to Heartside Foods for $1.075bn (£846m), making it more dependent on the UK for earnings."While recognising that trading conditions in the wider UK grocery sector remain challenging, the growth outlook for our business continues to be encouraging, underpinned by favourable consumer trends and ongoing investment by our customer," said chief executive Patrick Coveney."As a result, we believe that our market positioning, capability set, customer relationships, well invested asset network and proven economic model will deliver strong future growth, cash generation and returns."The company booked a £25.4m exceptional charge as it restructured its debt and financial derivatives portfolio "to reflect the removal of US dollar assets from the business and also refinance its primary sterling bank debt agreements" in the wake of the US deal.Greencore added that it had appointed Peter Haden, previously head of the UK division, as its chief operating officer.
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21 Dec 2016 09:25

BROKER RATINGS SUMMARY: RBC Upgrades Shawbrook To Sector Perform

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20 Dec 2016 14:55

DIRECTOR DEALINGS: Greencore Non-Execs Acquire Shares In Rights Issue

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15 Dec 2016 07:50

Tate & Lyle names Blackstone executive as chairman

LONDON, Dec 15 (Reuters) - British food ingredients maker Tate & Lyle named private equity executive Gerry Murphy as its new chairman on Thursday, succeeding Peter Gershon in April. Tate said Murphy, chairman of The Blackstone Group's principal European entity, would join the board on Jan.

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12 Dec 2016 15:55

Monday broker round-up

(ShareCast News) - Greencore: Berenberg reiterates buy with a target price of 350p. Talk Talk: UBS reiterates neutral, 160p target. Barclays: JP Morgan reiterates neutral with a 215p target. Bunzl: Deutsche Bank reiterates buy with a 2450p target. Old Mutual: Barclays downgrades to equal-weight w

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29 Nov 2016 09:23

Greencore Gets US Antitrust Approval For Peacocks Foods Takeover

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29 Nov 2016 09:21

Greencore cuts waiting time on acquisition

(ShareCast News) - Irish food company Greencore has been granted early termination of the applicable waiting period for the company's pending acquisition of Peacock Foods from the US federal Trade commission. The early termination, effective immediately, of the waiting period under the Hart-Scott-Ro

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14 Nov 2016 17:44

Britain's FTSE closes off highs as utilities shares fall

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 index closes 0.3 pct higher * Utilities down on rising bond yields * Taylor Wimpey gains after update By Atul Pr

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14 Nov 2016 14:05

FTSE 250 movers: Greencore and banks gain while gold miners fall

(ShareCast News) - The FTSE 250 index was in positive territory, just shy of 17,500, by the late afternoon on Monday. Irish food company Greencore led the risers, gaining on the back of jump in full-year revenue and earnings, a hike in its dividend and the proposed acquisition of Peacock Foods for a

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14 Nov 2016 10:36

Britain's FTSE rallies as DCC, Taylor Wimpey buoyed by earnings

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 up 1 pct * DCC soars after results * Taylor Wimpey also gains after update * Greencore Group leads mid caps afte

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14 Nov 2016 10:32

UPDATE 1-Britain's biggest sandwich maker Greencore to buy U.S. firm Peacock for $748 mln

* Greencore to fund deal with rights issue * Sees enhanced earnings from acquisition * Shares up 12 percent (Adds shares, CEO quotes) LONDON, Nov 14 (Reuters) - Britain's biggest sandwich maker Greencore Group said on Monday it would buy U.S. convenience food manufacturer Peac

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14 Nov 2016 07:38

Greencore plans to buy U.S. firm Peacock for $747.5 mln

LONDON, Nov 14 (Reuters) - Irish-based Greencore Group said on Monday it planned to buy U.S. convenience food manufacturer Peacock Foods for $747.5 million in a bid to transform its U.S. business. Greencore, which is listed in London, said it would buy the business on a debt free and cash

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14 Nov 2016 07:13

Greencore FY revenue up 11%, announces proposed acquisition of Peacock Foods

(ShareCast News) - Greencore reported a jump in full-year revenue and earnings as it hiked its dividend and announced the proposed acquisition of Peacock Foods for an enterprise value of $747.5m. In its preliminary results for the year to the end of September, the company said revenue was up 10.6% t

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19 Oct 2016 12:06

Wednesday broker round-up

(ShareCast News) - B&M European value retail: Goldman Sachs keeps at buy with a target price of 274p. Zoopla: Berenberg reiterates buy, 400p target. Bellway: Jefferies keeps at buy with a 2857p target. IAG: Credit Suisse upgrades to outperform with a 469p target. British American Tobacco: JP Morg

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26 Jul 2016 09:17

Greencore disappoints as sales growth slows, little effect seen from Brexit

(ShareCast News) - Convenience food manufacturer Greencore's third quarter revenues increased by 4% driven by the company's Food to Go business while it expects no short-term effects from Brexit. In a trading update the company said revenue increased by 4% to £360.4m for the 13 weeks ending 24 June,

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25 Jul 2016 07:25

Greencore acquires The Sandwich Factory from Cranswick

(ShareCast News) - Greencore has acquired The Sandwich factory from Cranswick for up to £15m, which will be funded from existing debt facilities. The deal is expected to be neutral to earnings in full-year 2016 and modestly accretive thereafter. The Sandwich Factory, which operates from a single fa

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