Archive of all Greencore articles – Page 2
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Comment & OpinionGreencore’s shifting sales mix spells trouble ahead for UK suppliers
Prepared food group Greencore posted a huge jump in sales and profits this morning as the food-to-go market roared back from Covid lows – but why did it promptly lose 8% of its value?
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NewsCity snapshot: Greencore sales and profits jump on food-to-go rebound
The strong rebound in food to go boosted annual revenues and profits at Greencore, though the group warned of “further substantial inflation” in the coming year. Plus updates from Unilever, Treatt, Supreme and all the rest of the latest news from the City.
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NewsOrnua Foods UK appoints ex-Greencore exec Simon Ball as new MD
Ball will lead the growth and development of Ornua Foods UK from its Leek, Staffordshire headquarters
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NewsTesco UK & ROI CEO Jason Tarry joins IGD as president, replacing Patrick Coveney
Tarry is set to take over from current president, and former Greencore CEO, Patrick Coveney on 1 January 2023
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NewsGreencore battles latest wave of inflation as recovery in food-to-go gathers momentum
Sandwich maker Greencore is battling to claw back soaring costs as input inflation accelerated into double digits while a recovery in its food-to-go markets gathered pace.
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NewsCity Snapshot: Lidl and Aldi grab more share as grocery inflation hits 13-year high
Food price inflation has hit its highest level for 13 years, with Lidl and Aldi stealing more market share from rivals, according to Kantar. Plus, annual results from Cranswick and interims from Greencore and SSP Group, with a trading statement from Hilton Food Group.
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NewsGreencore names former Morrisons boss Dalton Philips as new CEO
Philips will replace outgoing CEO Patrick Coveney
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NewsFuture Food Movement launches sustainability training programme for food leaders
The programme, which aims to get food and drink businesses to net zero targets faster, is backed by leading food companies
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NewsCost price increases up by double digits Greencore warns
Greencore said packaging and labour costs had increased, leaving it no choice but to increase prices
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Analysis & FeaturesWhy Greencore lost 11% of its value when CEO Patrick Coveney announced his departure
With Greencore now back on its feet, Patrick Coveney’s move to SSP Group took the market by surprise. He’ll find plenty to do in his new role
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NewsCity snapshot: Greencore returns to profit on food to go recovery
Food to go specialist Greencore has returned to profit as revenues recovered due to the relaxation of Covid restrictions. Plus, updates from Treatt, Marston’s and all the rest of the latest news from the City.
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NewsPatrick Coveney leaves Greencore to join SSP Group as CEO
Greencore CEO Patrick Coveney is to leave the food-to-go specialist to take the reins at SSP Group
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NewsCity snapshot: Greencore fourth quarter sales back above pre-Covid levels
Greencore has seen further recovery in its fourth quarter to take revenues back above pre-Covid levels and full year operating profits at the upper end of expectations
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NewsGreencore sales bounce back as food to go recovers
Greencore has posted “strong revenue momentum” in its third quarter, with group pro forma revenue 53.1% above prior year levels and only 2.8% below equivalent pre-COVID levels in the same quarter of 2019
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NewsGreencore predicts strong bounceback of food to go as lockdown ends
The UK’s largest sandwich maker this week said sales fell by a further 19% to £577.1m in the six months to 26 March
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NewsCovid restrictions hit first half sales at Greencore
Sales fell by a further 19% in the first half at Greencore as coronavirus restrictions continued to hit its food to go business.
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NewsGreencore commits to fully recyclable packaging by 2025
Sandwich giant Greencore will commit to producing only recyclable or reusable packaging by 2025 as part of a wider sustainability drive presented to investors and analysts later today.
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NewsSecond lockdown hitting food to go less hard, says Greencore
Greencore said sales had decreased far less dramatically since the advent of new tiered restrictions
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NewsCity snapshot: Greencore raises £90m as coronavirus impact drives annual loss
Greencore has raised £90m in a share placement as the impact of the coronavirus outbreak led to a double-digit drop in annual sales and a pre-tax loss of more than £10m. Plus, on the busy morning, trading updates from Cranswick, Compass Group, Pets at Home and all the rest of the latest news from the City.
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NewsCity Snapshot: Profits slump at Greencore but demand for food-to-go returning
Profits have slumped 40% at Greencore as the coronavirus crisis pushed up costs and saw revenues nosedive, but food-to-go demand started to return in the fourth quarter. And Italian food group Newlat Food has proposed an acquisition of bread maker Hovis.