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The Guardian - UK
The Guardian - UK
Business
Phillip Inman and Kalyeena Makortoff

Investors fail to block Greencore bonuses amid anger over Covid support

Co Greencore Covid-19 United Kingdom
Dublin-based Greencore supplies sandwiches to UK supermarkets.
Dublin-based Greencore supplies sandwiches to UK supermarkets. Photograph: Paul Childs/Reuters

Investors in Greencore, the sandwich-maker that supplies UK retailers including Marks & Spencer, narrowly failed on Thursday to block plans to pay out hundreds of thousands of pounds in executive bonuses, after outrage at the company’s failure to refund any of the near-£30m it received in government support during the pandemic.

At the firm’s annual general meeting, 46% of investors joined a rebellion against the Dublin-based company’s scheme to reward directors with bonus shares.

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