UK markets closed
  • FTSE 100

    7,901.80
    +81.64 (+1.04%)
     
  • FTSE 250

    20,593.46
    -21.23 (-0.10%)
     
  • AIM

    889.79
    +1.03 (+0.12%)
     
  • GBP/EUR

    1.1148
    -0.0057 (-0.51%)
     
  • GBP/USD

    1.2075
    -0.0154 (-1.26%)
     
  • BTC-GBP

    19,511.43
    -304.77 (-1.54%)
     
  • CMC Crypto 200

    538.70
    +1.84 (+0.34%)
     
  • S&P 500

    4,166.71
    -13.05 (-0.31%)
     
  • DOW

    34,086.69
    +32.75 (+0.10%)
     
  • CRUDE OIL

    74.64
    -1.24 (-1.63%)
     
  • GOLD FUTURES

    1,881.80
    -49.00 (-2.54%)
     
  • NIKKEI 225

    27,509.46
    +107.41 (+0.39%)
     
  • HANG SENG

    21,660.47
    -297.89 (-1.36%)
     
  • DAX

    15,476.43
    -32.76 (-0.21%)
     
  • CAC 40

    7,233.94
    +67.67 (+0.94%)
     

Food group Greencore forecasts bleaker annual outturn

A Greencore sandwich factory's logo is seen on a building, in Northampton

(Reuters) - Irish food group Greencore Plc said on Thursday it expects its full-year outturn to be at the lower end of market expectations as industrial action and slow recovery from inflationary pressures hit demand and volumes.

"It's a difficult, volatile market, and the business has got off to a slower start to the year than envisaged," said Chief Executive Officer Dalton Philips.

Greencore said while inflation has been easing in some raw materials and packaging, labour and energy costs continued to hit earnings.

The group said it is focusing on recovering costs from customers.

(Reporting by Muhammed Husain in Bengaluru; Editing by Krishna Chandra Eluri)