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The Latest Breaking News from Premier Foods

Premier Foods H2 Earnings Call Highlights

Premier Foods (LON:PFD) said full-year trading profit rose ahead of its upgraded expectations, helped by stronger branded sales in the second half, market share gains and continued growth from its acquired brands. Speaking on the company’s results call for the 52 weeks ended March 28, Chief Executi

MarketBeat

Kingsmill owner ABF to buy Hovis to create bread giant

ABF told investors on Friday that the deal will ‘combine’ the production and distribution activities of Hovis and its Allied Bakeries business.

Evening Standard

Shoppers flock to sweet treats inspired by US trends, Mr Kipling owner says

Mr Kipling and Bisto owner Premier Foods said there were signs of shoppers switching back to brands.

Evening Standard

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Premier Foods reveals rising profits amid stronger Mr Kipling sales

Premier Foods, which also owns Ambrosia and Bisto, reported that overall revenues grew by 3.5% to £1.15 billion.

The Independent UK

Kingsmill owner confirms talks with Hovis parent company over bread takeover

Associated British Foods said its Allied Bakeries business ‘continues to face a very challenging market’ and that it is in talks with Hovis’s owner.

Evening Standard

Hovis and Kingsmill owners in takeover talks about historic merger

A deal between the bread-making titans could potentially draw the attention of competition regulators

The Independent UK

Soaring mince pie sales help Mr Kipling owner towards strong profits

Group sales grew by 3.1% for the 13 weeks to December 28, Premier Foods reported.

Evening Standard

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Christmas mince pie sales give Mr Kipling healthy profit boost

The company’s overseas business continued to perform strongly

The Independent UK

Shoppers returning to brands as cost-of-living pressures ease – Premier Foods

The Hertfordshire-based food giant said its branded products sold particularly well over the first half of the year.

Evening Standard

Premier Foods hails 'best ever' Christmas as 190 million mince pies fly off the the shelves

Mr Kipling firm's exceedingly good festive season also lit up by Paxo and Bisto

Evening Standard

Mr Kipling maker to cut more prices after bumper festive sales

Premier Foods makes reductions on some lines but increases cost of own-brand products it makes for retailers

The Guardian - UK

FTSE 100 Live 23 January: London top flight closes down two points after borrowing comes in below expectations

Low-cost airline easyJet today revealed a £40 million hit from the Middle East crisis but still reduced losses to £126 million in the final quarter of the year.

Evening Standard

The Standard’s share tips — how did we do in 2023?

If you’d bought the City desk's 2023 portfolio, you would have finished the year up almost 20% — and beaten most of the City's top-paid stock pickers

Evening Standard

Mr Kipling and Super Noodles maker cuts prices as cost inflation falls

Premier Foods, which also owns Angel Delight and Bisto, says it plans further reductions

The Guardian - UK

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Evening Standard

Student inflation relief as Premier Foods says Super Noodle price will fall back below £1

The price of Mr Kipling slices are also set to fall, and more Premier Foods products like Bisto gravy and Ambrosia custard could follow as the year goes on

Evening Standard

Premier Foods aims for cooler cupboard with £34 million Fuel10K acquisition

It adds a brand firmly aimed at younger demographics to Premier Foods’ portfolio, which mostly consists of classic names in British food

The Independent UK

Mr Kipling cakes firm says food cost inflation is ‘past its peak’ so no more price hikes this year

The group said trading profits for the full year were set to be at the top end of market expectations

The Guardian - UK

Exceedingly good news? Mr Kipling owner says UK food inflation has peaked

Premier Foods reports 21% rise in sales but pledges no more price rises this year

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Birmingham Post

THG boss Matthew Moulding gives up power to veto hostile takeover approaches as group eyes 'significant increase' in profits

THG has also announced two changes to its board

The Independent UK

‘Do not eat’ warning issued as popular cooking sauce recalled by manufacturer

Item has been sold to convenience stores, wholesalers and cash and carrys

Wales Online

Sales of Super Noodles soar in cost of living crisis

Sales of the Batchelors brand have jumped by more than a fifth

Manchester Evening News

Shoppers say it's time to 'boycott big brands' over 'disgusting' price of Tesco's Bisto

Customers say they'd 'rather go without' than pay the 'crazy' prices they're seeing on shelves

Daily Mirror

Couple who won £101m on EuroMillions can’t find buyer for £9m Chelsea-themed mansion

A couple who won £101million on the lottery are unable to sell their £9million mansion, which has been decorated with a Chelsea football club theme

Chronicle Live

Shoppers fume as price of Bisto gravy surges to record high of £5

Whilst the widely-used gravy granule brand isn't the only brand to be hit by wild levels of inflation, Sunday dinner lovers are complaining about mammoth price rises.

Daily Mirror

Shoppers 'disgusted' as price of Bisto gravy hits record £5 high in stores

Whilst Bisto is not the only brand to be hit by inflation, as it is so beloved by the British public, price rises are going to be noticed

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