Sunday share tips: Premier Foods, Halfords, Prezzo
21st Apr 2013 21:39
Recently resigned Premier Foods Chief Executive Michael Clarke has left a smell of 'spoilt food' behind him after his 18-month tenure. While he did push through a vital restructuring he left the job half done. In fact, the company's very existence is still in question. Its deficit is expected to dou
Read moreTuesday broker round-up UPDATE
9th Apr 2013 08:10
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Borders & Southern: Sanlam Securites shifts target price from 86.60p to 87.40p and leaves its buy recommendation unchanged. Britvic: Nomura raises target price from 480p to 540p keeping a buy reco
Read moreNew Premier Foods CEO opens account
22nd Feb 2013 16:09
Gavin Darby, the new Chief Executive Officer of Premier Foods, purchased 0.7m pounds-worth of shares on Thursday, the same day the debt-laden food manufacturer posted an increase full year underlying trading profit. The CEO, who was appointed to the role last month, bought 750,268 shares at 93.30p
Read morePremier Foods upbeat after annus horribilis
21st Feb 2013 08:35
Debt laden food manufacturer Premier Foods said it expects to make progress in the year ahead, despite persistently challenging markets, as it posted an increase full year underlying trading profit. Underlying trading profit, which excludes all disposals announced in 2011 and 2012, rose 10.6% to £
Read moreMonday broker round-up UPDATE
11th Feb 2013 07:41
Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation. AstraZaneca: JP Morgan cuts target price from 2970p to 2750p and retains an underweight rating. Avation: WH Ireland ups target price from 120p to 140p, while its buy recommendation is kept. Bellway:
Read moreTuesday broker round-up UPDATE
5th Feb 2013 07:14
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p. Anite: Northland Capital shifts target price from 153p to 167p leaving its buy recommendation unchanged. Barratt Developments: Liberum Capital raises target price from 165p to 259p and retains a
Read moreTuesday newspaper round-up: Lloyds, RBS, Virgin Media...
5th Feb 2013 06:53
The boss of one of Britain's taxpayer-owned banks is being lined up for a bonus of up to 1.5 million pounds for last year, refusing to follow the example set by his counterparts at RBS and Barclays, who have both waived their rights to a payout. António Horta-Osório, chief executive of Lloyds Bankin
Read moreMan ousted by Vodafone twice is appointed Premier Foods CEO
28th Jan 2013 08:02
The man who was ousted by Vodafone twice has been appointed Chief Executive Officer of Premier Foods. Gavin Darby will take over from Michael Clarke on February 4th as boss of the British food manufacturer. Darby left Vodafone as a Director in 2010 following a difference of opinion with Chief Exec
Read morePremier Foods sees results in line
17th Jan 2013 07:45
UK food producer Premier Foods confirmed that fourth quarter trading for 2012 was in line with company expectations, after solid progress during the final quarter. The maker of Mr Kipling cakes and Hovis bread as well as a solid performance during the fourth quarter, growth momentum continued behin
Read morePremier Foods renews Cadbury cake licence to boost growth
20th Dec 2012 09:10
Premier Foods has renewed its long-standing licence to produce Cadbury?-branded cake products until at least June 2017 as part of a plan to boost growth in the cake category. The new licensing deal, which was negotiated with Cadbury owner Mondelez International, provides a platform to drive growth
Read moreLondon open: Stocks edge higher ahead of rate decisions
6th Dec 2012 08:26
Stocks started Thursday's session with moderate gains on the back of hopes that US politicians are nearing an agreement on the 'fiscal cliff', as markets looked ahead to policy announcements in both the UK and Europe. "European headline shares opened vigilantly today as a raft of economic data due
Read morePremier Foods to cut 900 jobs with Bread overhaul
20th Nov 2012 10:29
The UK's largest food producer, Premier Foods, is set to get a little smaller after announcing on Tuesday that it is to close two bakeries in the UK next year, leading to the loss of around 900 jobs. The company has proposed closing two bakery sites in Greenford and Birmingham over the course of ne
Read moreBroker tips: BP, StanChart, Premier Foods
30th Oct 2012 11:32
Investec has reiterated its bullish stance on oil giant BP, saying that the company's third-quarter results were 'much strong than we and the market anticipated'. The broker said: "Overall, we have seen a much better result than the poor Q2 and the company has moved early on a dividend increase to
Read moreBroker snap: More disposals possible at Premier Foods
30th Oct 2012 11:29
Panmure Gordon says that the recent disposals at Premier Foods do not rule out further divestments in the future. The food manufacturer announced on Tuesday that it had solid its sweet pickle and table sauces business, which includes the Branston pickle brand, to the Mizkan group for £92.5m. "This
Read morePremier Foods sells Branston pickles
30th Oct 2012 08:52
Debt-laden food manufacturer Premier Foods announced the conditional sale of its sweet pickles and table sauces business to Japanese firm Mizkan Group for 92.5m pounds. The deal, which is subject to approval by Premier Foods' shareholders and consent from its banking syndicate, should be completed
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