Greencore Group (CDI) (GNC)

Sector:

Food

Index:

FTSE Small Cap

136.40p
   
  • Change Today:
    -1.60p
  • 52 Week High: 139.80
  • 52 Week Low: 68.75
  • Currency: UK Pounds
  • Shares Issued: 468.03m
  • Volume: 2,202,930
  • Market Cap: £638.39m
  • RiskGrade: 233

Greencore to halt production at Northampton site due to Covid

By Michele Maatouk

Date: Friday 21 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Convenience food company Greencore said on Friday that it will temporarily halt production at its Northampton facility at the end of the day due to an outbreak of Covid-19 at the site and in the area.
Greencore said the decision - which has been taken as part of the region's efforts to reduce the spread of the virus - will allow all remaining colleagues at the factory to self-isolate as a precautionary measure.

Some production has been moved from Northampton to other sites within the company's network and Greencore said it's working with the affected customer to help mitigate any production shortfall.

"Greencore has been in constant contact with PHE East Midlands, Northamptonshire County Council, Northampton Borough Council and other government bodies, who have been hugely understanding and supportive of the group's response," it said. "The group will continue to work closely with them in order to bring the site back safely into production as soon as possible, as colleagues who are self-isolating begin to return."

The closure is expected to have only a modest impact on adjusted earnings before interest, tax, depreciation and amortisation in FY20 and Greencore said the site will return to a "substantial level" of production within 14 days.

News of a Covid outbreak at a site in Northampton that makes sandwiches for Marks & Spencer first emerged on 13 August. Greencore confirmed at the time that it had decided to start testing all staff at the site following a rise in the number of virus cases in the area.

At 1315 BST, the shares were down 4.2% at 120.70p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GNC Market Data

Currency UK Pounds
Share Price 136.40p
Change Today -1.60p
% Change -1.16 %
52 Week High 139.80
52 Week Low 68.75
Volume 2,202,930
Shares Issued 468.03m
Market Cap £638.39m
RiskGrade 233

GNC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.89% below the market average78.89% below the market average78.89% below the market average78.89% below the market average78.89% below the market average
76.92% below the sector average76.92% below the sector average76.92% below the sector average76.92% below the sector average76.92% below the sector average
Price Trend
25.2% below the market average25.2% below the market average25.2% below the market average25.2% below the market average25.2% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
43.83% below the market average43.83% below the market average43.83% below the market average43.83% below the market average43.83% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
1.57% below the market average1.57% below the market average1.57% below the market average1.57% below the market average1.57% below the market average
15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average

What The Brokers Say

Strong Buy 1
Buy 3
Neutral 4
Sell 0
Strong Sell 1
Total 9
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GNC Dividends

  Latest Previous
  Final Interim
Ex-Div 02-Jan-20 30-May-19
Paid 28-Feb-20 03-Jul-19
Amount 3.75p 2.45p

Trades for 14-May-2024

Time Volume / Share Price
16:40 76,908 @ 136.40p
16:39 59,333 @ 138.09p
16:39 24,036 @ 138.09p
16:35 435,116 @ 136.40p
16:35 5,649 @ 136.40p

GNC Key Personnel

CEO Dalton Philips

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