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Among the mid-caps, Greencore Group, which gained 6.9 per cent on Wednesday, rose a further 2½p, or 1.3 per cent, to 194¼p after two fund managers sold down their short positions on the FTSE 250 sandwich-maker. Old Mutual Global Investors and Worldquant are understood to have been behind the change in position.
Dublin-based food group Greencore has announced that it is searching for a new chief executive for its US operations, according to the Irish Independent. According to sources, the appointment will be made before the end of the year, as speculation over a potential takeover interest in the group continues, including rumoured interest from a private equity suitor
even poundland fancies a slice or two https://www.talkingretail.com/news/industry-news/poundland-signs-chilled-deal-greencore-21-05-2018/
Just released a @GreencoreGroup Business & Trading update to stock market. Key features: (1) restructuring of US network to match capacity to commerical pipeline; (2) changes to US team; and (3) revised outlook reflecting these developments. Lots to do but team are �fully on it� painful day for holders going to be bummed by greencore and cheltenham lol
reply on twitter : Nothing more important than driving @GreencoreGroup - a privilege & responsibility to lead as CEO for last decade. Rest assured we are �on it� to deliver for teams, customers, & shareholders. Note - a bad/hard #Brexit would be problem for whole UK food industry; leaders must lead.... to this comment With #Greencore shares trading down about 34% since this time last year one would think that @patrick_coveney would have more important things to do than grandstanding on Brexit and politics.
Greencore chairman Gary Kennedy described the US arm as "on fire", pointing to pro forma growth of 5.1pc in the past quarter, underpinned by volume growth of about 7pc. Mr Coveney told media that Greencore "still has some work to do to build confidence across our shareholder base that our US business is really going to deliver like our board expects it to" but claimed the strategy will be judged on the "financial outcomes" over the next 18 months.
ON PERFORMANCE 1 week -6.61% 1 year -5.6% 1 month -9.37% -2 years 42.27% 3 months +7.9% 3 years -27.46% 6 months -8.13% 5 years +83.33% luckily for me I was waiting at the station 5 years ago its all about when you started waiting at the station the girls do turn up eventually if you wait long enough. Well sometimes they do and then rip a hole in your heart and leave ya broke :)