Greencore sells US business for $1bn
15th Oct 2018 07:08
(Sharecast News) - Convenience food manufacturer Greencore Group has struck a deal to sell its entire US business for $1.1bn (£817m) and return a chunk of the cash to shareholders.
Read moreTuesday broker round-up
31st Jul 2018 13:26
(Sharecast News) - Abcam: Berenberg upgrades to buy with a target price of 1,640p.
Read moreGreencore confident in outlook after third quarter
31st Jul 2018 13:10
(Sharecast News) - Convenience foods manufacturer Greencore Group updated the market on its trading for the 13 weeks to 29 June - its third quarter - on Tuesday, reporting revenue growth of 0.5% year-on-year to £639.6m on a reported basis.
Read moreBerenberg tips Asos and Scapa among 15 small and mid-cap stock picks
9th Feb 2017 10:33
(ShareCast News) - Analysts at Berenberg have selected a 'top 15' stock picks from their global small and mid-cap universe, including London-listed Asos, CVS, Greencore, Sanne Group and Scapa. After last year's mixed market performance, Berenberg sees 2017 as promising both significant economic oppo
Read moreNumis upgrades Greencore to 'buy' after first quarter results
1st Feb 2017 09:34
(ShareCast News) - Numis has upgraded its recommendation on Greencore to 'buy' from 'add' with an unchanged target price of 285p, after the food producer reported "excellent" first quarter sales. For the quarter ended 30 December 2016, revenue of £417m was up 17.1% on a reported basis. On a like-for
Read moreGreencore revenue rises as it progresses with US expansion
31st Jan 2017 07:23
(ShareCast News) - Convenience food manufacturer Greencore reported strong first-quarter revenue growth and said its efforts to increase efficiency were offsetting inflation in raw materials, packaging and labour costs. For the quarter ended 30 December 2016, revenue of £417m was up 17.1% on a repor
Read moreThursday broker round-up
19th Jan 2017 16:45
(ShareCast News) - G4S: Barclays upgrades to equal-weight with a target price of 260p. Weir: Credit Suisse reiterates outperform, 2200p target. Coca Cola HBC: Goldman Sachs upgrades to buy with a 2120p target. Diageo: HSBC reiterates buy with a 2600p target. Aveva: Goldman Sachs reiterates sell w
Read moreHoward Whitman reiterates 'buy' on Greencore after meeting with CFO
21st Dec 2016 11:18
(ShareCast News) - Howard Whitman reiterated its 'buy' rating and 310p price target on Greencore following a meeting with the company's chief financial officer on Tuesday. It said key messages included a positive outlook for UK Food to Go, sustained momentum within the incumbent US business - notabl
Read moreMonday broker round-up
12th Dec 2016 15:55
(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
Read moreGreencore cuts waiting time on acquisition
29th Nov 2016 09:21
(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
Read moreFTSE 250 movers: Greencore and banks gain while gold miners fall
14th Nov 2016 14:05
(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
Read moreGreencore FY revenue up 11%, announces proposed acquisition of Peacock Foods
14th Nov 2016 07:13
(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
Read moreWednesday broker round-up
19th Oct 2016 12:06
(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
Read moreGreencore disappoints as sales growth slows, little effect seen from Brexit
26th Jul 2016 09:17
(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,
Read moreGreencore acquires The Sandwich Factory from Cranswick
25th Jul 2016 07:25
(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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