MARKET TALK: Shore Keeps Premier Foods At Sell

30th Jun 2010 08:08

0708 GMT [Dow Jones] Premier Foods (PFD.LN) appoints a new chairman, Ronnie Bell - a former executive of Kraft (KFT) Europe and a until today a non-executive director of Northern Foods (NFDS.LN). However, Shore Capital keeps its sell rating, saying its investment thesis remains intact: Premier Foods is over-leveraged and burdened by pension liabilities with an operating platform that is not performing well. Shares +0.7% at 20p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 30, 2010 03:08 ET (07:08 GMT)

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