Premier Foods PLC (PFD.L)
17 Apr 2015
LONDON, Jan 23 - The owner of Mr Kipling cakes and Bisto gravy, Premier Foods, could gain shelf space in the intensifying battle for shoppers among Britain's 'big four' supermarkets, its chief executive said.
* Trading profit for year of £131.0m, in line with expectations
(The following statement was released by the rating agency) LONDON, October 24 (Fitch) Fitch Ratings has revised UK-based Premier Foods plc's (Premier Foods) Outlook to Negative from Positive. In addition, the agency has affirmed Premier Foods' Long-term Issuer Default Ratings (IDR) at 'B' and Premier Foods Finance plc senior secured rating at 'B' with a Recovery Rating of 'RR4'. The Outlook revision reflects the deterioration of credit metrics beyond Fitch's expectations. We do not expect
* Company accelerating cost cuts, launching cheaper products
LONDON, Oct 23 - British food manufacturer Premier Foods reported lower third-quarter sales on Thursday, hurt by UK consumers doing more of their shopping online or at discount chains that stock their own brands.
* Increasingly demanding market conditions result in branded sales reduction of 4.1% in q3