Company
Premier Foods
LON:PFD
Premier Foods manufactures a range of branded and own-label products across many food categories. Premier’s principal markets are the United Kingdom’s major food retailers, wholesalers and convenience stores, foodservice customers and food manufacturers.
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FTSE 100 closes down; BT soars on cost-cutting success; Chevron to quit North Sea
FTSE 100 ends day in red
Premier Foods cuts 300 jobs despite 'strong' Christmas trading
Sales in the thirteen weeks ended 31 December 2022 rose by 12%
Premier Foods "grossly undervalued" according to house broker, Shore Capital
The broker said Premier Foods has evolved into a “high-class act with a highly competent management team delivering quarter after quarter of good trading performance.”
Premier Foods remains on track as half-year profits jump 12%
Chief executive Alex Whitehouse said: "Following a strong first half and with good momentum as we enter the second half, we are on track to deliver on expectations for full year 2022/23"
Premier Foods to buy The Spice Tailor for £43.8mln
The Spice Tailor is expected to generate revenue of £17.3mln in fiscal 2022-2023, with the transaction predicted to be earnings accretive in year one
Premier Foods trades in-line with expectations in Q1
The British food manufacturer's shares climbed 4.3% to 115.4p on the news
Premier Foods raises expectations after gut-busting Christmas
The Mr Kipling's cakes group raised guidance on trading profit and adjusted profit before guidance. There was no guidance on (apple) turnover.
Premier Foods pining for return of lockdown as sales and profits dive
The half-year numbers looked better when compared with those from two years ago than those from last year
Premier Foods unveils new ESG strategy
It will be focused on its product offering, its impact on the planet and on people
Premier Foods profits to hit top end as Mr Kipling cakes remain exceedingly popular
Sweet treats have remained buoyant and are selling more than last year
Premier Foods raises guidance after exceedingly good loan note issue
The company has been steadily buying back its loan notes, which were issued at higher interest rates than the new loan notes
Premier Foods reinstates dividend after 13 years
The Mr Kipling and Bisto producer has cut debt and secured a new pensions agreement
Premier Foods targets American sweet tooth with Mr Kipling US launch
The cakes will be marketed by bakery chain Weston Foods after enjoying solid growth on this side of the pond
Premier Foods raises profits forecast as at-home eating drives up sales
The Mr Kipling and Bird’s Custard owner expects full-year trading profit to be £145-150mln, up from £132mln a year ago
Premier Foods raises full-year profit expectations after tasty first half
The Mr Kipling and Bird’s Custard owner expects continued revenue growth and high demand amid the new lockdown
Premier Foods sells Hovis stake in multimillion-pound deal
The owner of the Mr Kipling cake brand is expected to receive £37mln from the sale of its interest to private equity firm Endless LLP
Premier Foods could cash in from Hovis sale, say reports
The bread brand's majority shareholder, The Gores Group, has started a sales process that could see the business fetch up to £150mln
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FTSE 100 tanks as traders fear protracted downturn
Britain's top share index finished down over 162 points, or 2.75%, at 5,741 on the day
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Prudential and Hargreaves Lansdown to show effects of different stages of coronavirus crisis
Other updates on Thursday include interim results from WH Smith
Premier Foods soars higher on pensions deal and coronavirus stockpiling surge
The Mr Kipling, Ambrosia and Sharwoods group saw UK sales soar 15.1% in March as shoppers cleared shelves
Premier Food on target as Mr Kipling sees exceedingly good mince pie sales
Overall, sales rose by 2.6% in the three months to September and are 2.5% ahead in the year to date
Premier Foods sets full-year table as loss swings to profit
In the six months to 28 September, the producer of Mr Kipling and Bisto reported a £15mln profit, having climbed out of a £2mln loss in the same period last year
Mr Kipling maker Premier Foods appoints new chair and CEO
Colin Day, Reckitt Benckiser's former finance boss, joins as Premier's new chairman, while former UK managing director Alex Whitehouse has been promoted to the top job
Veganism proves to be tidy earner for food firms as others look to exploit ‘meat-free’ momentum
Vegan sausage rolls have proved a boon to established food chains like Greggs, while investors are starting to pour money into the next generation of meat-free products
Premier Foods expects slower first half after Mr Kipling sales boost 2019 profit
Premier Foods plans to launch new plant-based food products in response to a rise in the number of vegans and vegetarians.
Investments and investor services
FTSE 100 closes higher and global stocks rally as trade fears seem to ease
On Wall Street, the Dow Jones Industrial Average is up 287 points at the time of writing
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Jobs figures take macro spotlight on Tuesday while LandSec leads company reports
Analysts at RBC Capital Markets are expecting the UK jobless rate to remain below 5% for a third successive month
Premier Foods approaches former Weetabix boss to become next CEO of Mr Kipling maker
Giles Turrell spent six years at Weetabix, overseeing the sale of the cereal maker to America’s Post Holdings for £1.4bn in 2017
Premier Foods reviews business, appoints activist investors to board
Two activist investors have secured spots on the board of Premier Foods
Premier Foods blames “present business climate” as it pulls planned Ambrosia sale
Former CEO Gavin Darby put the custard and rice pudding business up for sale in November under pressure from activist investor Oasis
Premier Foods sales fall over Christmas period as it prepares for hard Brexit
Premier Foods maintained its guidance for trading profit and earnings per share in 2019 even though it sees costs rising more than previously expected
Investments and investor services
FTSE 100 finishes lower as uncertainty continues to be the watchword
The UK's premier share index finished down over 27 points at 6,834
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Whatever the UK government no-confidence vote outcome, investors will have plenty to chew over on Thursday
The Day Ahead will bring updates from the likes of Primark-owner Associated British Foods, a caffeine-free Whitbread, credit checker Experian, and software firm Sage
Premier Foods rises as chief executive announces resignation and interim loss widens
Darby said he would step down as head of the food producer, whose brands include Bisto and Mr Kipling, on 31 January 2019 after six years at the helm
Investments and investor services
FTSE 100 flatlines at close as sterling gains on Brexit optimism
The UK blue-chip benchmark closed up 0.68 at 7,053, while the FTSE 250 added over 174 points at 18,985
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Taylor Wimpey and Vodafone to lead the way on a busy Tuesday in the City
The City diary is filled to the brim, with updates expected from Taylor Wimpey, McCarthy & Stone, Vodafone, Premier Foods, Experian and many more
Whitbread faces pressure to prove merits of Premier Inn as standalone business
“Whitbread investors may miss the caffeine highs Costa serves up," Hargreaves Lansdown said of the group's decision to sell the coffee chain to Coca-Cola
Premier Foods boss narrowly survives shareholder revolt
Two of Premier’s biggest shareholders had called on investors to vote against Gavin Darby’s re-election, with one claiming it had “completely lost faith” in him
Premier Foods posts solid trading update ahead of crucial vote for under-fire boss
The company’s AGM is taking place later this morning, with shareholders set to vote on whether under-fire boss Gavin Darby should be re-elected
Investments and investor services
FTSE 100 closes higher, bolstered by sterling's fall; rate rise doubts
The index of leading UK shares closed up just shy of 50 points higher at 7,676, while the FTSE 250 was also up
As Ryanair's struggles continue can easyjet look to the blue skies?
Easyjet and Severn Treant are among the key names in the diary for Wednesday.
Premier Foods higher on report top shareholder to back under-fire CEO, even as main critic nearly doubles stake
A stock exchange filing today showed Oasis had raised its holding in Premier Foods to 17.3% from 9.09% ahead of the group's annual meeting on 18 July
Premier Foods and Oasis Management's war of words continues ahead of CEO vote
Oasis is calling for one of Premier's gems - Batchelors - to be sold off but, perhaps unusually for a hedge fund, it is not seeking for any of the proceeds to be directly returned to shareholders but instead to be used to derisk the company
Premier Foods up as major shareholder renews calls for CEO to step down
Oasis Management has urged shareholders not to reappoint Gavin Darby at next month’s AGM, claiming that the 61-year-old has driven Premier “into its current zombie-like state”
Premier Foods makes headway as sales and profits rise, debt pile shrinks (a little)
The company was guardedly optimistic on the outlook
Investments and investor services
FTSE 100 closes higher but miners hit by Chinese data
Around 3.20pm, the UK blue-chip index was up 17 points to 7,728
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easyJet's losses expected to narrow on back of increased passenger loads
As well as easyJet, updates are expected from big names such as Vodafone, Land Securities and Hargreaves Lansdown.
Premier Foods' growth led by international sales ... and mince pies
"Our International business produced another excellent quarter and our partnerships with Nissin and Mondelez International continue to deliver strong performances, demonstrating their strategic benefits to us," said CEO Gavin Darby
Investments and investor services
FTSE 100 closes lower as miners prove a drag
London’s blue-chip benchmark closed around 13 points lower on the day at 7,755
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UK inflation may tick lower in December; retailers' Christmas updates continue to flow
Day ahead includes latest UK inflation data, plus trading updates from retailers Dunelm PLC, Greggs PLC, and JD Sports Fashion PLC, as well as Johnson Matthey PLC
Premier Foods open to Batchelors sale but not in advanced discussions at the moment
The Bisto maker said it regularly explores ways to generate value for shareholders and does from time to time hold discussions with third parties, although it isn’t currently in advanced discussions with anyone
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Coffee break eyed at Whitbread as retail trading updates continue to flow
Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
Premier Foods swings to a half-year profit as Angel Delight makes a comeback
First half sales rose as a strong second quarter offset a "challenging" first quarter
Savannah Resources soars as it receives environmental permits for high-grade copper deposits in Oman
Some of the main news-driven risers and fallers in London on Wednesday ...
Investments and investor services
FTSE 100 joins global sell-off to close lower
Data out yesterday suggested Chinese industrial production growth is starting to slow, which is bad news for miners, but Fresnillo topped Footsie today
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Talktalk Telecom to shed light on its growing B2B unit
Growth in the business unit might ease some of the pain from lower revenues and earnings
FTSE 100 ends almost 57 higher buoyed by retailers
London markets started the day on the front foot and haven't looked back ...
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Dependably dull Unilever versus off-the-wall Sports Direct
Can the supertanker Unilever ride the crest of a wave? Can a Newcastle United owner change his stripes?
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Unilever results to illustrate strategy review boosts; investors looking for Vodafone improvements
Week Ahead: Unilever PLC, Vodafone PLC, easyJet PLC, Sports Direct PLC, Royal Mail Group PLC ...
Not such a sweet year for Premier Foods as profits slide
The Mr Kipling owner had warned back in January that profits would likely fall by around 10% as a result of food inflation
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Vodafone to post drop in full year revenue and earnings amid rising competition
Vodafone and Speedy Hire report their full year results on Tuesday
FTSE 100 firm but off highs as New York makes dull early progress
With around an hour and a half of trading to go in London, the FTSE 100 was up about 11 points at 7,308, holding off the day’s peak of 7,322
Premier Foods renews licencing deal with Mondelez to produce Cadbury cakes
Premier Foods plans to launch Cadbury cakes in two new markets in fiscal year 2017/18 after agreeing to extend its licence with Mondelez
Pound's slide sours trading at Premier Foods
Profits will be 10% lower than previously expected due to weak third quarter sales.
Powerhouse Energy lives up to its name after UK deal
The best of the share price rises and falls in London at 3.30pm
Premier Foods still a 'buy' despite weather blip
Analyst Nicola Mallard said she did not believe there was anything more sinister behind last week's update than the weather.
Premier Foods gets a roasting as warm weather hits sales
The stock has taken a bit of a bashing ... so has the gravy
Risers & Fallers: Petrel rallies on work application in Ghana
Largest share price rises and falls in London at 4.00pm
FTSE 100 shares close lower after sterling hits 168-year weighted nadir
FTSE 100 shares closed near their nadir of the session on Wednesday, after US markets were unable to offer any respite from sterling hitting a 168-year low on continued Brexit woes
Healthy focus boosts Premier Foods
Mr Kipling cake maker increased annual sales in the 52 weeks to April 2 by 0.6% to £771.7mln
ABInBev and SABMiller sell Peroni to Japan's Asahi
ABInBev and SABMiller are also off-loading Grolsch and Meantime
Investments and investor services
Small cap highlights: Investors ride the Gulf Keystone rollercoaster
Any small cap round-up of this week must start with a trip on the rollercoaster that is Gulf Keystone Petroleum Limited
Risers & fallers: Churchill Mining, Halfords, Tower Resources ...
Main share price risers and fallers in London at 4.00pm
Investments and investor services
Aim stocks overshadowed as Chinese exports data give Footsie a lift
The sharp increase in Chinese exports has done wonders for big-cap miners but has had little impact on London's Aim-listed growth comanies
McCormick & Co drops takeover pursuit of Premier Foods
Shares in Premier crash nearly a third 30% after US food group says it could not justify potential asking price
Wednesday's most followed - Milestone Group PLC, Tethys Petroleum Ltd , Brexit, UK steel and Premier Foods PLC
Away from the UK steel debate and the future of the Port Talbot plant, in focus in webworld was digital and media junior Milestone Group PLC, which saw shares rocket over 81% today to make it top riser in London.
Risers and fallers: Metal Tiger PLC, Polo Resources PLC, Univision Engineering ...
Major share price risers and fallers in London at 4pm
Premier Foods gets £537mln takeover approach from US rival
McCormick & Co makes 65p per share approach for Mr Kipling cake maker
Investments and investor services
Takeover interest boosts London oil and food shares
Slovenia oil & gas group Ascent Resources soared on an approach from Cadogan Petroleum
Risers & fallers: Audioboom Group PLC, Roxi Petroleum PLC, TLA Worldwide PLC, Tomco Energy PLC ...
Major share price risers and fallers on the London S.E.
Oil stocks in focus but small cap shares and FTSE100 head south
Oilers were in play on Thursday as Northcote Energy Ltd shares zoomed up over 10%....