Premier Foods PLC (PFD.L)
24 Feb 2017
(The following statement was released by the rating agency) MILAN/LONDON, January 19 (Fitch) Fitch Ratings says Premier Foods' (Premier; B/Stable) warning that its FY17 (financial year to March 2017) profits will suffer from a combination of higher marketing investments and a gradual increase in raw material prices raises the company's financial risk profile. It is likely to reduce free cash flow (FCF) to a few GBP millions for FY17 and result in a higher leverage over FY17-FY19 compared wi
* Year-to-date branded products sales down over 3 pct (Adds details, analyst comment, shares)
Jan 18 Premier Foods Plc, the maker of British brands such as Mr Kipling cakes and Bisto gravy, cut its full-year profit forecast by 10 percent on Wednesday after saying its third-quarter sales had been weaker than expected.
* Weak Q3 group sales down (1.0 pct), despite strong December up +4.5 pct
LONDON, Jan 12 Cadbury chocolate owner Mondelez International said it is taking selective price increases across its brands, as it grapples with higher commodity costs and a weaker British pound.
LONDON Premier Foods , the maker of well-known British brands such as Mr Kipling cakes and Bisto gravy, is looking to raise its prices, becoming the latest food company to react to higher costs and the weak British pound.
LONDON, Jan 10 Premier Foods, the maker of well-known British brands such as Mr Kipling cakes and Bisto gravy, is looking to raise its prices, becoming the latest food company to react to higher costs and the weak British pound.
LONDON, Jan 10 Premier Foods, maker of UK classics like Mr Kipling cakes and Bisto gravy, is in talks with retailers over potential mid-single digit percentage price increases, a spokeswoman said on Tuesday, as it seeks to offset higher costs and the weak British pound.
* Total reported sales up 2.0 pct reflecting Knighton Foods consolidation
Activist hedge fund Oasis Management Co Ltd has raised its stake in Britain's Premier Foods Plc to 5.18 percent, a regulatory filing on Thursday showed, sending the company's shares up as much as 4 percent.