Patrick Coveney-led food group Greencore cuts salaries and scraps dividend plan

Irish sandwiches and wraps maker Greencore has scrapped dividend plans and its existing earnings and revenue forecasts, in light of the Covid-19-driven disruption.

The announcement of the move dragged the UK-focused convenience food producer’s shares down by as much as nearly 8%. The stock pared some of those losses, but closed down nearly 6%.