Greencore shares fall further despite attempts at calm

Shares in consumer foods group Greencore fell a further 8% yesterday, even after management rushed to soothe investor fears over share price erosion in recent days.

In a brief stock exchange announcement, the Dublin-based group, which provides food products to the likes of Marks and Spencer, Starbucks and 7-Eleven, said it had noted recent weakness in its share price but was “not aware of any developments” since the publication of its third quarter trading statement, last month, that change the outlook contained in that statement.

“As outlined in that statement, the integration of our US business is on track and we continue to be encouraged by the pipeline of commercial opportunities being explored with existing and new customers,” management said yesterday.