Premier Foods considering price hikes in aftermath of Brexit vote
10th Jan 2017 12:13
(ShareCast News) - Premier Foods confirmed on Tuesday that it is considering upping its prices in the aftermath of the Brexit vote. The company, which owns the Mr Kipling and Bisto brands, put out a statement in response to a report by City AM, which said the group opened discussions last month with
Read morePremier Foods underlying profit falls on grocery difficulties
15th Nov 2016 14:36
(ShareCast News) - Premier Foods posted its half-year results for the 26 weeks to 1 October on Tuesday, with group underlying sales down 1.8% due to a 4% decline in grocery sales, though that was partly offset by good performance in the sweet treats division of 4.1%. The company said grocery underly
Read morePremier Foods tumbles after warning over H1 trading profit
12th Oct 2016 07:54
(ShareCast News) - Shares in Premier Foods tumbled on Wednesday after it warned that first-half trading profit was likely to be slightly below the previous year and posted a drop in second-quarter sales due to warmer weather. In a trading update for the 13 weeks to 1 October, the company said total
Read moreWednesday newspaper share tips: Lloyds, Premier Foods
18th May 2016 13:07
(ShareCast News) - UK's big banks are at a nadir in their fortunes and yet to enjoy a sustained uplift in their business, albeit with fundamentals beginning to turn north, says the Financial Times' Lex column. Mortgage, credit card and personal lending all turned a corner in 2014, and in 2015 both L
Read morePremier Food extends confident medium-term growth target
17th May 2016 09:56
(ShareCast News) - Premier Food said it expects to deliver sales growth of 2-4% in the coming year and in the medium term, after full year results were boosted by improved sales momentum in the fourth quarter. After heel dragging that saw American suitor McCormick walk away despite making a premium
Read moreSunday newspaper round-up: RBS, Shell, Cobham, BT, banks
15th May 2016 17:01
(ShareCast News) - Royal Bank of Scotland is examining a range of radical options to help speed the long-delayed separation and flotation of its Williams & Glyn subsidiary, including a potential divestment of its NatWest brand. Banking sources have indicated to the Sunday Telegraph that RBS and its
Read moreTuesday broker round-up
26th Apr 2016 13:09
(ShareCast News) - Premier Foods: Jefferies upgrades to buy with a 60p target. Aberdeen Asset Management: Citigroup downgrades to sell with a 265p target. Smiths Group: Jefferies keeps at buy with a target price of 1100p and Credit Suisse reiterates outperform with a target of 1275p. Close Brother
Read moreBroker tips: Premier Foods, Fresnillo, Ashmore Group
19th Apr 2016 16:02
(ShareCast News) - Credit Suisse cut its price target on Premier Foods after coming off restriction on the stock, saying that management now had to show they made the right call after their "bold rejection of a potential offer from McCormick. The Swiss bank retained its 'outperform' rating on the Mr
Read moreCredit Suisse calls for Premier Foods to start delivering, cuts target price
19th Apr 2016 12:00
(ShareCast News) - Credit Suisse cut its price target on Premier Foods after coming off restriction on the stock, saying that management now had to show they made the right call after their "bold rejection of a potential offer from McCormick. The Swiss bank retained its 'outperform' rating on the Mr
Read morePremier Foods tanks as McCormick walks away from bid
13th Apr 2016 08:21
(ShareCast News) - Shares in Mr Kipling and Oxo owner Premier Foods tumbled on Wednesday as US-based McCormick & Co. said it did not intend to make an offer for the company. Having completed its due diligence review of Premier Foods and after careful consideration, the company concluded that it "wou
Read moreThursday newspaper share tips: Premier Foods, Next
7th Apr 2016 19:45
(ShareCast News) - Mc.Cormick's swoop for Premier Foods follows the time-honoured tradition by which a company that has successfully restructured is picked up at the bottom, depriving long-suffering shareholders of a reward for their patience, The Times's Tempus said. The food manufacturer narrowly
Read moreSunday newspaper round-up: Interest rates, Tata, Premier Foods, G4S, Centrica
3rd Apr 2016 16:33
(ShareCast News) - The Bank of England will hold interest rates at their current historic low for three more years, according to the market's current predictions. Judging by the overnight deposit rates that banks are charged to hold their cash at the central bank, which indicates market predictions
Read moreWednesday newspaper share tips: Premier Foods, Cerillion
30th Mar 2016 15:02
(ShareCast News) - US outfit McCormick faces a daunting task when trying to weigh up how much to fork out for Premier Foods, the Financial Times´s Lex column said. According to the company´s own figures, its net debt stood at £585m at the end of the first half, but if you throw in its pensions liabi
Read moreLondon pre-open: Stocks seen higher after dovish Yellen comments
30th Mar 2016 07:30
(ShareCast News) - London stocks were poised for a firmer open on Wednesday, taking their cue from a positive session on Wall Street after Federal Reserve Chair Janet Yellen maintained a dovish stance in a speech the previous day. The FTSE 100 is seen opening 50 points higher than Tuesday's close at
Read morePremier Foods agrees to talk after McCormick ups takeover offer to £1.5bn
30th Mar 2016 07:18
(ShareCast News) - Premier Foods has agreed to enter talks with spices giant McCormick after the US company upped its offer from 60p to 65p per share, valuing the Mr Kipling to Oxo Cubes group at £1.5bn. McCormick said in a statement on Wednesday morning that the offer was conditional on being able
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