Rising popularity of discounters hits Premier Foods
23rd Oct 2014 07:21
The switch by UK shoppers to discounters has forced Mr Kipling and Sharwoods curry sauce maker Premier Foods to report lower sales and to warn that annual profits would be towards the bottom end of hopes. Premier said a loss of market share by the major supermarkets to price-cutters such as Lidl and
Read moreBroker tips: Airlines, Rolls-Royce, Premier Foods, Spectris
20th Oct 2014 12:15
Liberum has highlighted UK-listed IAG, Ryanair and Easyjet as its top picks across the European airline sector, saying it sees "opportunities for the brave" despite sentiment remaining fragile across the industry. "Amidst concerns over Ebola, Eurozone recession and excess capacity, we believe there
Read morePremier Foods update makes ShoreCap nervous but shares look undervalued
20th Oct 2014 09:41
Previewing Premier Foods' third quarter results on Thursday, broker Shore Capital reiterated its 'buy' recommendation in light of the "truly awful" performance of the shares since March's refinancing despite the "much good work" done by management this year. The food producer, owner of Bisto gravy a
Read moreSunday share tips: Premier Foods, Rare Earth Minerals, Bunzl
19th Oct 2014 16:41
It could be the a good time to buy shares of Premier Foods, Danny Fortson argued in his Sunday Times column, Inside the City. The company, whose brands include Oxo and Mr Kipling, took on too much debt before the financial crisis but Chief Executive Gavin Darby has fixed its structural problems. He
Read morePetra Diamonds expects 3% increase in production this year
18th Aug 2014 08:11
Petra Diamonds has guided to a 3% improvement in diamond production this year as it reiterated its target to produce 5m carats a year by 2019. The company said last month that production in the year to 30 June 2014 increased 17% to 3.11m carats, ahead of the market guidance of 3m carats. This is f
Read moreInternational Personal Finance NED buys as market blinded by risks
7th Aug 2014 16:13
After shares of International Personal Finance fell by around £1 in recent weeks, after a solid set of interim results slightly soiled by admission of increased regulatory burden and a reduction in guidance due to higher expansion investment, senior independent director Cathryn Riley has taken the o
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read morePremier Foods non-exec makes show of faith
19th Jun 2014 15:58
Pam Powell, a non-executive director of Premier Foods, has acquired 74,369 shares in the group one day after it warned that sales of its key brands were set to fall short of expectations this year. Powell paid 53.5p for each of the shares, spending a total of £39,787. The modest show of faith ca
Read moreLondon pre-open: FTSE to rise ahead of BoE and FOMC releases
18th Jun 2014 07:40
Gains are expected on the top tier index this morning, driven by a decent performance in the US ahead of both the minutes of the most recent Bank of England (BoE) meeting and the conclusion of the latest policy meeting of the US Federal Open Market Committee (FOMC). City sources predict the FTSE 1
Read morePremier Foods says key brand sales to miss targets
18th Jun 2014 07:17
Mr Kipling Cakes-to-Ambrosia rice maker Premier Foods warned that sales of its key brands were set to fall short of expectations this year, but said cost cuts should still help it to report annual results in line with hopes. Premier said second quarter sales of its "power brands", which also includ
Read moreGoldman upgrades Premier Foods after recent weakness
11th Jun 2014 09:50
Goldman Sachs has upgraded its rating for UK food producer Premier Foods from 'neutral' to 'buy', saying it sees upside after the stock's recent falls, which have seen it lose 60% of its value over the past three months. "Following a significant de-rating since March, valuation is undemanding on an
Read moreWednesday broker round-up UPDATE
11th Jun 2014 09:05
ASOS: Berenberg reduces target price from 5350p to 3785p, while its buy recommendation is kept. Babcock International: Citi reduces target price from 1320p to 1280p and retains a neutral rating. Cobham: UBS raises target price from 290p to 315p and keeps a neutral rating. Dechra Pharmaceuticals:
Read morePremier Foods Senior Independent Director adds 200,000 to stake
16th May 2014 16:10
Ian Krieger, the Senior Independent Director of Premier Foods, acquired 200,000 shares in the food manufacturing, processing and distribution group. Krieger, who joined the company in late 2012, paid 54.25p a share, spending a total of £108,500. Last month the company reported lower sales of its
Read moreFriday tips round-up: Premier Foods, Travis Perkins
25th Apr 2014 10:29
Yesterday's trading update from Premier Foods showed the daunting task which management at the firm faces. Yes, it recently carried out a capital restructuring, involving a 353m pound rights issue, selling 500m pounds in high-yield bonds and securing a new 272m pound borrowing facility. In parallel,
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