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
Read moreMARKET TALK: Premier Foods Appointment A Good Move - Analyst
30th Jun 2010 07:37
0637 GMT [Dow Jones] The appointment by Premier Foods (PFD.LN) of Ronnie Bell as its non-executive chairman is a good move, says an analyst. Says he has extensive food experience, with 30 years at Kraft (KFT), as well as plenty of non-executive experience. Thinks he is a heavy-weight, and the compan
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
30th Jun 2010 07:37
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0637 GMT [Dow Jones] The appointment by Premier Foods (PFD.LN) of Ronnie Bell as its non-executive chairman is a good move, s
Read morePremier Foods Appoints Ronnie Bell Non-Executive Chairman
30th Jun 2010 07:11
LONDON (Dow Jones)--Premier Foods PLC (PFD.LN), a U.K.-based food producer, said Wednesday it appointed Ronnie Bell, the former president of Kraft Foods Europe, as non-executive chairman of the company. MAIN FACTS: -In addition, Charles Miller Smith has been appointed non-executive deputy ch
Read moreNorthern Foods Bell To Join Northern Foods As Chairman
30th Jun 2010 07:04
LONDON (Dow Jones)--Northern Foods PLC (NFDS.LN) said Wednesday Ronnie Bell, a non-executive director of Northern Foods since Sep. 1, 2005, has informed the Board that he is resigning immediately from the Board of Northern Foods, to assume the Chairmanship of Premier Foods PLC (PFD.LN) from 1 Oct.
Read moreMARKET TALK: Credit Suisse Cuts Premier Foods Price Target
21st Jun 2010 10:18
0918 GMT [Dow Jones] Credit Suisse cuts Premier Foods (PFD.LN) price target to 25p from 35p. Says things are far from easy for UK grocers, with food inflation all but gone, promotional levels up and no relief from raw material costs. With regards to the 1H, thinks operating profits will be down to
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
21st Jun 2010 10:18
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0918 GMT [Dow Jones] Credit Suisse cuts Premier Foods (PFD.LN) price target to 25p from 35p. Says things are far from easy f
Read moreLondon close: Footsie slumps on eventful day
27th Apr 2010 16:31
Footsie was deep in the red at trading's close after credit rating downgrades for Greece and Portugal added to already substantial losses, with miners among the stocks posting heavy falls. With oil and metals prices in retreat as fears grow about potential delays in financial aid reaching Greece re
Read moreLondon afternoon: Reckitt fails to cut the mustard
27th Apr 2010 14:35
Footsie drifted lower over the lunch time session, not helped by disappointing results from household goods maker Reckitt Benckiser. Shares in Reckitt sank to the bottom of the FTSE 100 despite the French's mustard maker posting a rise in earnings and sales for the first quarter. The firm said oper
Read moreBroker tips: Premier Foods, Regus, JD Wetherspoon
27th Apr 2010 12:57
Premier Foods finds itself in a bit of a pickle after reporting a 5.1% decline in first quarter sales but FinnCap sees some elements of cheer in a generally downbeat trading statement. "The good aspects to the update today are that H1 [first half] net debt is expected to be £100m lower (which compa
Read moreFTSE 250 movers: Poor sales give Premier indigestion
27th Apr 2010 12:33
Shares in Premier Foods have taken a big hit after the company behind Hovis bread, Branston pickle and Sharwood's sauces, reported a 5.1% drop in first quarter sales and said it remains cautious about the consumer and trading environment for 2010. Also in the red is homewares retailer Dunelm, which
Read moreLondon midday: Footsie slides below 5700
27th Apr 2010 12:04
Footsie has given up all of yesterday's gains and more and has dipped below the 5700 level. Barely a dozen of the blue-chip index's constituents are in the blue, with miners featuring prominently among the laggards. Vedanta, Rio Tinto, Kazakhmys and Xstrata are the worst performers in the mining s
Read moreBroker snap: Some bright aspects to Premier Foods
27th Apr 2010 10:55
Premier Foods finds itself in a bit of a pickle after reporting a 5.1% decline in first quarter sales but FinnCap sees some elements of cheer in a generally downbeat trading statement. "The good aspects to the update today are that H1 [first half] net debt is expected to be £100m lower (which compa
Read moreLondon open: Miners pull Footsie down
27th Apr 2010 08:39
London's top stocks have opened lower on a weak start for the mining sector and despite some encouraging numbers from three index heavyweights. Miners are the problem, with falls across the sector led by Rio Tinto, Kazakhmys and Xstrata. Prudential is a strong performer on a report in the Times tha
Read morePremier Foods sees challenging environment
27th Apr 2010 07:51
Premier Foods, the company behind Hovis bread, Branston pickle and Sharwood's sauces, reported a 5.1% drop in first quarter sales and said it remains cautious about the consumer and trading environment for 2010. The group said promotional activity across the market is continuing at elevated levels
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