Study: Trading updates key for future performance Investing Trading updates by UK-listed companies are key to predicting future share price movement, a new study has found. An analysis of 2,699 trading statements published over the last two years by research platform Stockopedia revealed that a five per cent jump on the day of a trading update is a leading indicator of share price [...]
Greencore: M&S sandwich supplier roars ahead amid takeover battle Retail Convenience food manufacturer Greencore told markets this morning that it expects profit to come in ahead of expectations for the second quarter, underpinned by “on-going operational and commercial excellence initiatives and a continued focus on cost control”, it said. Convenience food company Greencore supplies all major supermarkets in the UK, including M&S, with chilled prepared [...]
M&S and Waitrose meal deal maker Greencore rebuilds profits Retail Food manufacturer Greencore has experienced a “stronger than expected” year of trade as the meal deal producer rebuilds profitability ahead of 2025. The Irish business, which supplies sandwiches and sushi to the likes of M&S and Waitrose, told markets this morning that like-for-like sales jumped from 29.7 per cent to 33.2 per cent in the [...]
Meal deal maker Greencore hikes profit outlook October 8, 2024 Food manufacturer Greencore—which produces sandwiches for supermarket meal deals—has said it anticipates full year profit to be “ahead of current market expectations.” In a trading update issued today, the convenience food firm, which supplies all the UK’s major supermarkets with salads, sushi, sandwiches, snacks, ready meals, and soups, said like for like revenue growth for [...]
Greencore: Irish food firm upgrades guidance and launches £30m share buyback scheme May 21, 2024 Greencore has upgraded the range of £80.5m to £85m it said it was expecting for the full year during its first quarter results.