Greencore welcomes rising share boost

GREENCORE Group got a welcome boost from the markets yesterday when its shares rose over 4.7% or 12c despite results that showed a slight decline on 2001.

Earnings per share fell from 30.4c to 29.4c due to the massive disposal plan which has resulted in a huge chunk of profits exiting the group since its strategic purchase of Hazlewood.

In the UK, the group has cut its number of Hazlewood plants from 41 to 20.