Firm’s optimistic outlook for UK growth

Management at Greencore remain confident that improving consumer sentiment in its core market of the UK has not plateaued and that it can continue to see revenues recover there.

As part of its first-quarter trading update — for the three months to the end of December — issued yesterday, the Dublin-based convenience food group said that the grocery retail environment in Britain remains challenging, but growth in the smaller store format is aiding growth in its food-to-go product category.

The quarter saw a 7.2% like-for-like increase in Greencore’s UK revenues.