Greencore sinks on plant closure

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Greencore sinks on plant closure

FTSE 250 food firm Greencore Group (LON:GNC) saw its share price fall by 1.61% to 123.97p (as of 14:15 BST) after it announced the temporary closure of its Northampton facility. A proportion of the output from the site will be generated elsewhere during the shutdown and will be working with customers to make up for any shortfall. The decision has been taken due to the ongoing COVID outbreak in the area.

Management said that the move would only have a modest impact on EBITDA and will return to substantial production levels within 14 days.

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