THE combination of the strike in the sugar factories, the growers dispute and boycott and green pound revaluations have resulted in a severe downgrading of profit and earnings forecasts for Greencore by Goodbody Stockbrokers.

Goodbody analyst Mr Liam Igoe has reduced his 1997 profits forecast from £62 million to £57 and the 1998 forecast from £68.9 million to £66.2 million. The earnings forecast for 1997 has been cut from 27.9p per share to 26.2p and the 1998 forecast from 30.7p to 29.5p.