Meet Tate & Lyle’s new chairman December 15, 2016 Tate & Lyle has announced Gerry Murphy will become the company's chairman next year. Murphy has worked for other food and drinks businesses including Grand Metropolitan (now Diageo) and Greencore, where he was chief executive for four years. He will be taking over from Sir Peter Gershon on 1 April next year. Tate & Lyle's share price was [...]
Sushi and sandwich maker Greencore serves up a jump in quarterly sales January 26, 2016 Food supplier Greencore has recorded a 7.2 per cent jump in first quarter sales, boosted by new product launches and strong growth in its convenience food business. The company, which suppliers supermarkets with products ranging from sushi to cakes and yorkshire puddings, reported sales of £356m in the 13 weeks to 25 December 2015. Its convenience food [...]
Profits jump at food producer Greencore as sandwich orders pile up November 24, 2015 Sushi, salad and sandwich maker Greencore reported better-than-expected full-year profits after winning several new contracts in the UK food to go market and expanding its presence in the US. The food producer, which supplies retailers and supermarkets ranging from Marks & Spencer to Boots, said pre-tax profits increased by 33.8 per cent to to £59.4m in [...]
Contract wins help lift profits at Greencore May 19, 2015 FOOD supplier Greencore said that revenues rose 3.2 per cent to £639.8m, in the first six months to 27 March, despite a challenging UK market. The company, which makes own-label sandwiches and chilled convenience food for major supermarkets, said operating profit increased by almost eight per cent from £37.2m to £40.1m. The group has been [...]
Best of the Brokers for 30 November 2015 November 29, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Analysts at Liberum have boosted payment systems company PayPoint to a “buy” rating after the company posted interim results in line with expectations. The firm’s been given a target share price of 1,000p, up from 935p currently. PayPoint shares reacted badly on Friday, [...]
Greencore splashes out on new factory to fuel growth in the US May 20, 2014 GREENCORE, the food group that supplies retailers with everything from sandwiches to Yorkshire puddings, announced plans to step up its expansion in the US as it reported an eight per cent rise in half-year revenues yesterday. The London-listed group, whose biggest clients in the US include Starbucks and 7-Eleven, said it will spend £20m on [...]
UK growth lift as FTSE aims to test 7,000 level – London week ahead January 25, 2015 THE FIRST estimate of GDP growth in the fourth quarter of 2014 looks set to deliver good news this week, with growth of around 0.6 per cent on the previous quarter and 2.8 per cent year-on-year. Howard Archer, of IHS Global Insight, said: “Ongoing robust services expansion likely ensured that GDP growth held up pretty [...]
Greencore sales lifted by boom in convenience January 28, 2014 BRITAIN’S fast-growing convenience market helped boost sales at sandwiches to Yorkshire puddings-maker Greencore. The group’s convenience arm, which makes products such as salads for retailers including Marks & Spencer, posted a 9.1 per cent jump in like-for-like sales for the 13 weeks to 27 December. This helped boost overall sales by 7.2 per cent on [...]
Greencore draws a line under horsemeat as revenues rise November 26, 2013 GREENCORE posted a robust rise in full-year profits yesterday after recovering in the second half from a slump in the ready meal market caused by the horsemeat scandal. The food group, which makes own label products such as sandwiches and desserts for major supermarkets, said revenues increased by three per cent to £1.19bn in the [...]
London Report: Home lending up but rise in UK prices is slowing July 27, 2014 MORTGAGE approvals figures appear likely to show the housing market is moving again, after tough new MMR loan tests slowed lending figures. However, house price data due on Thursday suggests prices may not be soaring as much as earlier this year. They are expected to have risen 0.5 per cent month-on-month in July – the [...]