BUZZ-Greencore: 2nd top midcap gainer on UK results beat

** Britain's biggest sandwich maker Greencore +8% & 2nd top FTSE midcap gainer as co's results show UK business performance ahead of expectations

** H1 convenience foods UK & Ireland revenue +10.6% on a pro forma basis (UK accounts for 75% of FY17 profit), sees FY results in line with expectations

** Jefferies says co also provides reassuring commentary around the key concern of inflation recovery

** Greencore says UK successfully offset impact of 2% inflation in raw materials and packaging & 4% labour inflation

** 54% 30-day daily avg vol through in 35 mins of trade

** Best day in six months but stock still in the negative in terms of YTD pct change; midcap index contrastingly positive