Demand rebound boosts Bidcorp shares to record one-day rise
Food supplier is experiencing a recovery after Covid-19 hit, but is holding off on a final dividend and acquisitions
26 August 2020 - 08:20
UPDATED 26 August 2020 - 19:28
Shares in Bidcorp booked their biggest one-day gain on record after the global supplier of food to restaurants, pubs and hotels said it is experiencing a rebound in demand and market share growth after digging in its heels during the Covid-19 pandemic.
The group limited job cuts and preserved infrastructure during a turbulent period that caused the exit of some smaller competitors, said CEO Bernard Berson. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.