Greencore rises on proof of no contamination

 
Kasmira Jefford
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IRISH food group Greencore’s shares bounced back by eight per cent yesterday after it said that tests had found no other traces of horsemeat in its products or at its convenience food sites.

Shares in the company sunk more than 12 per cent at the end of last week when Asda withdrew its own- brand beef bolognese sauce supplied by the firm after it tested positive for traces of horse DNA.

Greencore, which makes own label sandwiches and chilled convenience food for major supermarkets, said it has restarted production at its Bristol facility after a “deep clean” this weekend.

It said Asda remains supportive of the group and that it is working with suppliers and customers to investigate how the Chosen By You product came to contain 4.8 per cent of horse DNA.