Fyffes ponders buyback as earnings rise

Fyffes may have the means to do a share buyback as the fresh produce company posted a 14% increase in profits.

The company’s planned tie-up with Chiquita was abandoned in 2014.

Darren McKinley, analyst at Merrion Capital, said that if no major acquisitions loomed into sight that Fyffes had the capacity to buy back shares, after its earnings statement showed it had increased profit margins.