Fruit and vegetable importer Fyffes is considering buying back some of its own shares.
At its annual general meeting in May, shareholders gave the group the authority to buy up to 10% of its issued share capital.
'Having taken into account the current share price, other investment opportunities, the company's overall financial position and the potentially positive effect on earnings per share, the board believes that it may be opportune to exercise this share buy back authority in circumstances where suitable tranches of shares are available,' a statement said.
