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Premier Foods

Premier Foods 25/04/2012

12:02 : Hovis maker Premier Foods banks on British brands in jubilee year - Company's shares fall despite in-line revenues for first quarterPremier Foods is banging the British drum in an effort to boost its sales.The debt-laden food company is putting its weight behind its so-called Power Brands such as Hovis, and these have ...
Source : guardian-co-uk
10:33 : Britons should buy British brands, says Premier Foods boss as he unveils ... - Premier, which owns Hovis, Mr Kipling and Batchelors, saw a 3.7 per cent rise in sales of its eight leading brands in the three months to March 31, compared to a 1.3 per cent rise in total group sales.
07:28 : Premier Foods quarterly sales rise - (Reuters) - Premier Foods , Britain's biggest food manufacturer, said first-quarter sales rose slightly and its cost cut and restructuring programme was on track.
Source : reuters-com

Premier Foods 19/03/2012

20:22 : Premier Foods makes £259.1m loss - Premier Foods has signed a punishing deal with lenders that will force it to hock £330m of assets and hand over any extra income in a "cash sweep" to banks.
Source : telegraph-co-uk
19:26 : Debt-laden Premier Foods raids larder as price of £1.4bn refinancing - Hartley's jams and Sarson's vinegar are thought to be up for sale as Premier Foods seeks to raise £300m this yearThe new boss of Premier Foods has refinanced £1.4bn of borrowings in return for ratcheting up asset ...
Source : guardian-co-uk
13:21 : Premier Foods profit slump ups pressure on new CEO - LONDON (Reuters) - Premier Foods , Britain's biggest food manufacturer, said it would have to sell more assets as sliding profits and rising borrowing costs ramp up the pressure on its new chief executive to turn the business around.
Source : reuters-com
12:12 : Premier Foods makes £230m loss - Premier Foods has signed a punishing deal with lenders that will force it to hock £330m of assets and hand over any extra income in a "cash sweep" to banks.
Source : telegraph-co-uk
11:46 : Premier Foods reports £259m loss after write-offs and 90% profit drop ... - Food manufacturer reveals fall in trading profits and gives more details of refinancing packagePremier Foods, the Hovis and Batchelors group, has fallen more than 2% after a disappointing trading update.A week after the company announced it had agreed ...
Source : guardian-co-uk
10:18 : Premier Foods suffers from bread price war and Tesco dispute - A price war sliced the bread division's profits to just £3.4million in 2011. Tesco also refused to stock Hovis products for a period, although this dispute over pricing has now been settled.
09:00 : Premier Foods to update on its disposal plan for some of Britain's best-lov - The heavily-indebted owner of Hovis and Bisto, which has secured a lifeline after renegotiating its £1.2bn debt pile with lenders last week, is selling Sarson's Vinegar and Hartley's Jam to raise more cash.
07:51 : Premier Foods 2011 profit falls 29 percent - LONDON (Reuters) - Britain's Premier Foods PLC reported a 29 percent decline in profit from its ongoing businesses in 2011 and said it expected trading to remain challenging, impacted by high levels of promotional activity and cost ...
Source : reuters-com

Premier Foods 12/03/2012

17:50 : Premier Foods saved by loan deal - The future of household favourites such as Hovis, Ambrosia and Mr Kipling was secured today as Premier Foods landed a crucial deal to renew more than £1 billion of loans.

Premier Foods 26/02/2012

22:43 : Premier Foods accused of job cuts 'on cheap' by twisting redundancy rules - Insiders at the Hovis-to-Bisto maker claim the firm, in a bid to save £3million, is ignoring a statutory requirement to spend 90 days consulting staff before taking the axe to 600 jobs.

Premier Foods 30/01/2012

15:18 : Premier Foods doubles marketing spend on major TV advertising as it lags ... - Shares in the Hovis and Mr Kipling owner soared more than 6 per cent in the wake of the announcement as the group vowed to up its marketing spend to more than £50million this year.

Premier Foods 18/01/2012

00:22 : Cost-cutting sees Premier Foods set to axe 600 jobs - Premier Foods, the manufacturer of Hovis, Bisto and Oxo, is to shed 600 jobs as its new management plans to more than double annual cost savings to £40m by the end of 2013.

Premier Foods 17/01/2012

21:55 : Battenburg slices to take on Mars Bars in Premier Foods' fight back - Judging by Tuesday's share price movement, you might have thought Premier Foods had won a contract to supply London 2012 with Olympic quantities of Sarsons vinegar.
Source : telegraph-co-uk
20:29 : Kipper Williams on Premier Foods - Premier axes jobs and doubles marketing spending on eight 'power brands' – Mr Kipling cakes, Oxo, Loyd Grossman sauces, Ambrosia, Batchelors, Sharwood's, Hovis and Bisto gravy
Source : guardian-co-uk
19:18 : Premier Foods to cut 600 jobs while doubling its marketing spend - Debt-laden company will use savings to promote its eight 'power brands' including Mr Kipling cakes, Bisto, Hovis and OxoThe company behind Mr Kipling cakes, Bisto gravy and Loyd Grossman sauces has announced plans to cut 600 jobs as it warned of weaker ...
Source : guardian-co-uk
10:22 : Hovis maker Premier Foods to axe 600 jobs in shake-up aimed at invigorating - Debt-laden Premier, which was recently given extra time by its banks to get its finances in order, wants to reinvest cost savings in growing its top brands.
09:09 : Premier Food to cut 600 jobs - Premier Foods, which last month announced the sale of its Irish brands to Boyne Valley Group, has announced it is to cut 600 jobs in the UK in a bid to save £40 million by next year.
Source : irishtimes-com

Premier Foods 16/12/2011

14:03 : Premier Foods jumps 3% after sale of Irish brands - Company announces latest disposal as part of strategy to reduce debt on concentrate on core brandsDebt-laden Premier Foods has risen more than 3% as investors had their first chance to react to its latest disposal news.After the market ...
Source : guardian-co-uk

Premier Foods 26/11/2011

11:04 : Premier Foods is hit by exit of finance chief Jim Smart - Troubled Premier Foods announced it is to part company with its finance director days after buying extra time to renegotiate terms with its banks over a gargantuan £1.3billion debt pile.

Premier Foods 25/11/2011

22:57 : Troubled Premier Foods replaces finance chief - Premier Foods has parted company with its finance director and appointed former SSL finance chief Mark Moran in his place, sending Premier shares up 4.2pc to 4.73p.
Source : telegraph-co-uk

Premier Foods 15/11/2011

12:52 : Premier Foods falls another 9% after Loyd Grossman curry sauce scare - Struggling food company Premier on the slide again after korma sauce withdrawn on botulism concernsPoisoning your customers is one way of getting attention, but it's the kind of attention struggling Premier Foods could have done without.Over ...
Source : guardian-co-uk

Premier Foods 09/11/2011

12:43 : Premier Food bucks falling market after Investec moves from hold to buy - Premier Foods shares climb 5% as analysts welcome delay of key covenant test by three monthsAs the markets fall further on concerns about the future of Italy, and a number of corporate updates prove disappointing, investors ...
Source : guardian-co-uk

Premier Foods 08/11/2011

17:19 : Premier Foods gets three months' grace over massive £1.3bn debt pile - Ailing Premier Foods will have an extra three months before creditors conduct a health check on the group to decide whether the terms of its loans have been breached. The period of grace will give the company more time to negotiate ...
01:33 : Premier given debt reprieve - Premier Foods breathed a sigh of relief yesterday after its lending banks agreed to postpone a crucial covenant test until the end of March. Analysts had predicted the debt-laden group would breach the covenants, originally scheduled ...

Premier Foods 07/11/2011

12:38 : Premier Foods jumps 12% on covenant news, but Rentokil dips after update - Premier Foods says in constructive talks with banks, but Rentokil still dogged by City Link problemsPremier Foods, the deeply indebted maker of Mr Kipling cakes and Hovis bread, has jumped 12% after news it has received ...
Source : guardian-co-uk

Premier Foods 11/10/2011

14:30 : Charity volunteer and Premier Foods supervisor win £101 million lottery ... - Dave and Angela Dawes unveiled as Britain's third-largest lottery winners after hitting a £101 million EuroMillions jackpot despite only entering the draw three times.
Source : telegraph-co-uk

Premier Foods 08/10/2011

18:14 : Troubled Premier Foods in brands sell-off forced by debt mountain - Premier Foods will seek to raise about £200million by selling some of Britain's best-known brands, including Hartley's jam and Haywards pickle, following a profits warning last week.
actualidad Premier Foods -

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