Fyffes sees shares surge 4%

FYFFES shares jumped 4% yesterday after the fruit importer said its first-half figures would be significantly ahead of expectations.

The company, which is at the centre of a long-running court case with marketing and distribution company DCC, told the stock exchange in a routine trading statement that its positive start to 2005 continued into the middle of the year. The group’s operations in continental Europe did particularly well.

Shareholders could look forward to an improved bottom line as a result, the company said, with adjusted earnings per share (EPS) for the six months to June around 40% ahead of the same period last year.