Royal recovery at Premier Foods
7th Aug 2012 09:22
Premier Foods, the owners of the Hovis, Mr Kipling and Loyd Grossman brands, cashed in successfully on the Queen's Diamond Jubilee, driving underlying sales and profits in the six months to the end of June. Sales, which included the "Great British Fancies" range aimed at the Jubilee celebrations, c
Read morePremier Foods gets out of pickle
30th Jul 2012 08:13
Premier Foods, the struggling food manufacturer, has completed the previously announced sale of its vinegar and sour pickles, including the Sarson's, Hayward's and Dufrais brands to Japanese firm Mizkan. The business was sold for a cash consideration of £41m on a debt free and cash free basis. Pre
Read moreLondon close: US jobs data sinks stocks
6th Jul 2012 16:41
- US non-farm payrolls disappoint - Miners drag the Footsie lower - IMF to cut global GDP forecast After treading water for the morning session, the Footsie dropped in afternoon trade after a disappointing employment report from the US dampened the outlook for the global economy. The US Labor Depa
Read moreFTSE 100 movers: Aviva leaps after Delta Lloyd sale plans
6th Jul 2012 13:39
Having promised on Thursday that it would raise money from disposals, insurance giant Aviva moved quickly to act on that pledge by saying it will sell more of its stake in Delta Lloyd than originally intended, prompting a sharp rise in its share price. Also providing a lift was Societe Generale whic
Read moreLondon midday: Stocks fall as investors shrug off central bank action
6th Jul 2012 11:37
- Markets look ahead to US jobs report - Investors shrug off central bank action - Aviva jumps on Delta Lloyds disposal The Footsie was trading within a narrow range on Friday morning as investors showed caution ahead of a pivotal employment report due out in the US in the coming hours. Stocks o
Read moreBroker snap: Panmure welcomes AB Foods' latest bolt-on
6th Jul 2012 11:30
Panmure Gordon believes that Elephant Atta is a perfect fit for Associated British Foods and has maintained its 'buy' recommendation and 1,300p target price on the FTSE 100 food, ingredients and retail firm. AB Foods announced on Friday morning that it is to buy ethnic flour brand Elephant Atta fro
Read moreLondon open: Markets cautious ahead of US jobs report
6th Jul 2012 08:56
- Markets look ahead to US jobs report - Investors shrug off central bank action - Aviva jumps on Delta Lloyds disposal Following a subdued reaction to central bank policy decisions yesterday, European markets were lower in early trading on Friday as investors looked ahead to key employment data in
Read moreLondon pre-open: Stocks set to fall ahead of US jobs data
6th Jul 2012 07:38
With a key jobs report from the US expected later this afternoon, European markets are expected to open lower; yesterday's measures by central banks in the UK, Europe and China to boost growth have clearly failed to lift sentiment. City sources predict the FTSE 100 will open down 14 points from y
Read moreAB Foods buys ethnic flour brand from Premier Foods
6th Jul 2012 07:05
Food, ingredients and retail firm Associated British Foods (ABF) is to buy ethnic flour brand Elephant Atta from Premier Foods, the company announced on Friday. Elephant Atta, established in 1962, is being purchased by ABF's ethnic food subsidiary Westmill Foods for a cash consideration of £34m. T
Read moreSector movers: Home Retail boosts retailers, Danone dents food stocks
19th Jun 2012 15:50
With Home Retail's market value increasing by a quarter, the general retail sector was the best performing category on Tuesday afternoon. The stock jumped in early trading after revenues at its Argos division came in at £819m for the quarter, down just 0.2% on a like-for-like basis. The City consen
Read moreLondon midday: More QE could be on the way
15th Jun 2012 12:12
After a bright start on the back of the initiative announced last night to get British banks lending, equities have moved into consolidation mode ahead of this Sunday's big election in Greece. Meanwhile, the failure of last week's Spanish banking hand-out to put an end to the Eurozone crisis appear
Read morePremier Foods sells vinegar and pickles to Japanese
15th Jun 2012 09:30
Struggling Premier Foods said it was selling its vinegar and soured pickles business for 41m pounds. The business, which includes the Sarson's, Haywards and Dufrais brands, will go to Japanese firm Mizkan and the deal is expected to complete by the end of July. Premier is currently re-focusing its
Read moreRevolving door spins again at Premier Foods
1st Jun 2012 09:30
Ronnie Bell has chaired his last meeting of the board of struggling foods group Premier Foods. He will be replaced on an interim basis as Chairman by the group's Senior Independent Director, David Beever. Bell has only been in the chair at Britain's largest food manufacturer, famous for brands such
Read moreWednesday broker round-up
25th Apr 2012 09:08
ARM Holdings: Investec maintains buy rating and 800p target; Natixis upgrades from neutral to buy, target lifted from 600p to 625p; JP Morgan Cazenover maintains neutral rating and 540p target; Barclays Capital reiterates overweight recommendation and 725p target; Jefferies upgrades from underperfor
Read moreQuarterly sales rise at Premier Foods
25th Apr 2012 08:00
The UK's largest food manufacturer Premier Foods said first quarter results were in line with company expectations despite the ongoing challenging consumer environment. "It continues to be very challenging and our focus for 2012 remains unchanged; to stabilise the business and invest in our recover
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