Greencore food-to-go sales rise 6.4% in Q1

first_imgGreencore has stated that 2019 has got off to an “encouraging start”, with strong sales in its food-to-go operations.The business last month completed the sale of its entire US business, and revenue from its continuing operations amounted to £363.5m in the 13 weeks to 28 December. On a pro-forma basis (excluding disposed sites and those that have ceased trading) revenue increased 5.8% in the quarter, although it was down 5.7% on a reported basis.Growth in the first quarter was driven by sales in the food-to-go categories, where pro-forma and reported revenue increased 6.4%.“Greencore has made an encouraging start to the year,” said the business in its trading statement, adding that it expected continued underlying revenue growth in its key convenience food categories.The company said it believed the risks from Brexit were manageable in the medium-term, but pointed out that the short-term challenges associated with a no-deal exit were uncertain.“A strengthened balance sheet and strong underlying free-cash generation leaves the group well positioned to consider organic and inorganic investment consistent with its strategic and returns objectives,” it stated.“Over the medium term, the group expects that its market positioning, capability set, customer profile, well-invested asset network and proven economic model will generate strong growth, cash generation and returns.”last_img read more

Norwegian Air to get government loan in restructuring

first_imgCOPENHAGEN, Denmark (AP) — Norway’s government says it will give ailing low-cost carrier Norwegian Air Shuttle a loan worth 1.5 billion kroner ($173 million) as long as the company manages to raise at least 4.5 billion kroner ($520 million) from other investors. The airline had earlier said it will end its long-haul operations and instead focus on European destinations as it struggles with the fallout of the coronavirus pandemic and debt restructuring. The company presented a plan that cut its fleet from 140 aircraft to about 50, and also said it would reduce its total debt. The plan must be approved by a bankruptcy court in Ireland, where its planes are registered.last_img read more

PREMIUMRebound in Indonesia’s manufacturing activity hinges on pandemic handling

first_imgLog in with your social account A rebound in Indonesia’s manufacturing sector will depend in large part on the country’s handling of the COVID-19 pandemic, analysts have warned.The headline figure of Indonesia’s manufacturing Purchasing Managers’ Index (PMI) fell to 47.2 in September from 50.8 in August. A reading below the threshold point of 50 indicates a contraction in activities from the previous month.The manufacturing PMI, a monthly survey of 400 manufacturers to gauge the trend in the sector from business information provider IHS Markit, showed a sign of deterioration for the first time after steadily recovering from a record-low in April.Once Jakarta lifts its second large-scale social restrictions (PSBB) and purchasing power recovers, the index is expected to slightly rise again, said Andry Satrio Nugroho, the head of the Center of Industry, Trade and Investment at the Insti… Forgot Password ? Facebook purchasing-managers-index IHS-Markit manufacturing-industry COVID-19 PSBB demand purchasing-power Topics : Google Linkedin LOG INDon’t have an account? Register herelast_img read more

Tipp team for NFL opener with Antrim named

first_img1.            Evan Comerford – Kilsheelan-Kilcash2.            Alan Campbell – Moyle Rovers3.             Paddy Codd – Killenaule4.            Willie Connors – Kiladangan5.            Kevin Fahey – Clonmel Commercials6.            Robbie Kiely – Carbery Rangers7.            Jimmy Feehan – Killenaule8.            Alan Moloney – Rockwell Rovers 9.            Martin Dunne – Moyle Rovers10.          Josh Keane – Golden-Kilfeacle11.          Liam McGrath – Loughmore-Castleiney12.          Brian Fox (Capt.) – Éire Óg Annacarty-Donohill13.          Conor Sweeney – Ballyporeen14.          Michael Quinlivan – Clonmel Commercials15.          Philip Austin – Borrisokane Tipp FM will bring you live coverage of Tipperary V Antrim from 1.50pm on Sunday in association with with Cleary Motors, Thurles and Stapleton’s Bakery, Roscrea. Willie Connors of Kiladangan will make his league debut while Loughmore Castleiney’s Liam McGrath is set to make his first start in the competition for the Premier County.Killenaule’s Paddy Codd returns to the fold after taking a year out and starts at full-back.This is XV selected by manager Liam Kearns:last_img read more