Greencore shares fall 3.2% despite non-core asset sale

Greencore shares fell by 3.25% despite it completing its exit from the non-core dessert and cakes business amid upbeat sentiment surrounding its first trading update of the year, due today.

The Irish convenience food group has sold its remaining desserts and cakes business, based in Hull, to UK-owned ambient cake maker Bright Blue Foods, for a figure believed to be less than £10m (€11m).