Greencore focuses on existing businesses amid profit plunge

Greencore is curbing takeover activity in the short term as it looks to improve its US food business. The move comes after its annual profits fell by almost 75 per cent.

Patrick Coveney, the food giant’s chief executive, said last week its focus for the next couple of years was to deliver returns from its existing assets. Earlier this year, the company completed its largest ever deal with the takeover of food maker ...