Booming food-to-go market drives growth at Greencore

first_imgSoaring food-to-go sales have driven a 9.2% rise in reported revenue for Greencore’s UK and Ireland operations.The business, which yesterday announced its exit from the cakes and desserts market, said revenue from its food-to go business alone had risen 12.2% in the 13 weeks to 29 December 2017.Food-to-go revenue rose 11.4% excluding the impact of the acquisition of the Tasties of Chester manufacturing facility in Heathrow last summer.The performance has been driven by a combination of underlying market growth and previously announced new business wins with some of the company’s largest customers.Greencore’s investment in the UK division had eased following “substantial spending” over the past two years. Its key remaining project, to refurbish and extend its Warrington ready meal facility in Warrington, is due to be completed next quarter.The company reported that the sale of its Hull cakes and desserts business, and previously announced closure of its desserts facility in Evercreech, would not impact earnings, although there would be a charge of £15m to the income statement in its 2018 results.Overall group revenue – including the US division – rose 53.6% on a reported basis to £640.5m in the quarter.US sales rose 297.0% to £255.1m, primarily driven by the acquisition of Peacock Foods in December 2016. Excluding Peacock, revenue rose 5.1%.Greencore said it expected to deliver strong growth in the current financial year, adding it was “well positioned to drive improved profitability, cash flow and returns over the medium term”.That company also announced it has appointed Helen Rose, chief operating officer of TSB Banking Group, as a non-executive director with effect from 11 April 2018.”Helen will bring deep operating knowledge, with a detailed financial focus and valuable experience of the food industry,” said Greencore chairman Gary Kennedy. “Helen’s appointment will complement our strong, experienced Board and executive team.”last_img read more

Marco Polo Awards for the best tourist reports

first_imgThe winner of the Marco Polo medallion is Andrea Buče, editor and journalist of HRT. She received the award for the travel series “Stop in Lika”. Among the winners of the Marco Polo medallion is Robert Knjaz for the original promotion of culture and customs in some Croatian regions. The winner of the Marco Polo medal is Miki Bratanić for his special story about the tavern as an important feature of the Dalmatian tradition. The Marko Polo medallion was also awarded to the multinational magazine Prizma, edited by Daniela Draštati, while Vjekoslav Madunuć received the Marko Polo medallion for tourist reports published on the Glas Hrvatske Miris Božića portal in Konavle. Baciu received the award for a series of published radio reports from Morocco, the host country of the FIJET Congress in 2018, while Radmila Kovačević received the award for a successful series of reports and articles affirming Slavonia as a serious and very potent tourist destination. Organized by FIJET Croatia and the Association of Tourist Journalists of the Croatian National Theater, the Marko Polo Awards for the best tourist reports were presented at the Croatian Journalists’ House. The Grand Prix “Marco Polo 2019” was awarded to the editor and journalist and also the president of FIJET Romania Stefan Baci, while the Marco Polo award this year went to Radmila Kovačević, a journalist from Večernji list. Marco Polo medallions were also awarded, so Lana Mindoljević also received this award for her travelogue on the most beautiful continental rivers for swimming and the travelogue “LOŠINJ: fragrant anti-stress therapy on the island of greenery, vitality, dolphins and crystal clear sea”. The evaluation committee for the Marco Polo Awards consisted of Anita Žuvela Hitrec, Hrvoje Zovko and, as president, Ante Gavranović. The award for the best report on Advent in Zagreb 2018 went to my colleague Radmilo Bumbar, a journalist and editor of the show “Serbia I Love”. / / / Radmila Kovačević, Večernji list: Everyone who objects to Slavonia has certainly not been with us yet “As an experienced tourist journalist, she points out the peculiarities of the destination and at the same time emphasizes not only the advantages of Slavonian tourism, but also warns that it should seem that the whole destination should be raised to a higher level. our”, is stated in the explanation of the award. Source: HNDlast_img read more