Premier Foods hit by pension charge; launches new plant-based range
14th May 2019 09:34
(Sharecast News) - Mr Kipling and Oxo owner Premier Foods said on Tuesday that it swung to a statutory full-year loss as it took a hit from an anti-discrimination ruling on women's pensions.
Read morePremier Foods shakes up board following strategic review
27th Feb 2019 15:57
(Sharecast News) - British food manufacturer Premier Foods has shaken up its boardroom following a strategic review aimed at increasing shareholder value.
Read morePremier Foods calls off sale of Ambrosia brand
15th Feb 2019 08:57
(Sharecast News) - Mr Kipling, Bisto and Oxo owner Premier Foods has called off the sale of its Ambrosia brand.
Read morePremier Foods maintains guidance as revenue slips
17th Jan 2019 10:23
(Sharecast News) - Mr Kipling and Bisto owner Premier Foods reported a drop in third-quarter revenue on Thursday amid logistics problems, but backed its expectations for the full year.
Read morePremier Foods tanks on profit warning
18th Jan 2017 07:44
(ShareCast News) - Shares in Premier Foods tanked after it warned that trading profit for full-year 2016/17 will be 10% lower than previously anticipated due to weaker-than-expected third-quarter sales and higher costs, as it announced a cost saving and efficiency programme. The owner of brands such
Read morePremier 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
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