Fyffes given NCB upgrade

FYFFES has been given a boost ahead of today’s annual general meeting, with NCB Stockbrokers upgrading the company’s earnings outlook.

In a research note, NCB upgraded its earnings per share forecast for the fruit imports by almost 8% to 21.9 cent for 2005.

Fyffes has benefited from higher banana prices because of a decline in production in some EU markets and favourable foreign exchange rates.