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Big Brands > Premier Foods

Hovis bakery to close with loss of 200 jobs

The Hovis bakery in Leicester is to close by next January with the loss of 204 jobs.

Hovis contract loss threatens 40 jobs at logistics firm

40 jobs are threatened at logistics firm Swansea Bakeries Limited (SBL) amid proposals to shift its contract to handle logistics for Premier Foods’ Hovis brand to Hovis’ Avonmouth depot.

Action on Sugar removes bread from high-sugar hit list: 'We acknowledge it was not accurate'

Anti-sugar lobby group Action on Sugar has removed bread from its initial list of products containing ‘large amounts of sugar’.

Hovis back to sourcing British wheat

Premier Foods has recommenced sourcing British wheat for its Hovis brand but cannot bring back its ‘100% British wheat’ pack claim due to continued uncertainty, it says.

News in brief

Premier has ‘brightest outlook in a decade’: City

Premier Foods now has “the brightest outlook for a decade”, after re-engineering its balance sheet with a major refinancing plan, says City analyst Shore Capital.

Premier Foods’ finance deal to ‘liberate it from the past’

Premier Foods has revealed 18% growth in trading profit in full-year results for 2013, alongside a new pensions deal and a much-awaited major capital restructuring plan designed to “liberate the firm...

Premier Foods launches Hovis partnership with Gores Group

Premier Foods has launched a £87.5M joint venture with the US-based Gores Group to run its troubled Hovis bread and flour business.

Mixed reaction to Premier Foods’ Hovis partnership with Gores

Premier Foods’ £87.5M joint venture with the US-based Gores Group has drawn a mixed reception from leading City analysts, as the manufacturer confirmed trading profit for the year ended December...

Can a US equity giant revive Hovis?

US Gores Group is allegedly in talks to buy out a stake of Premier Foods’ Hovis business and a city analyst has said that geography would not impact its ability...

Bread deal should boost Premier Foods

Premier Foods should gain ground from any deal involving its bread business, according to Investec analyst Nicola Mallard.

Premier Foods tight-lipped on bread sale

Premier Foods is remaining tight-lipped about reports that the Mexican bakery Grupo Bimbo may acquire its troubled bread division, as the firm’s short-term prospects divided City opinion.

Premier Foods seeks partner for bread business

Premier Foods has confirmed press reports that it is seeking a partner to raise funding for its troubled bread business.

Premier Foods ‘ahead’ on scrapping suppliers

Premier Foods is ahead of target on cutting suppliers and product lines, according to ceo Gavin Darby, reporting on third quarter (Q3) financial results yesterday.

Canadian wheat imports to UK up 50%

Poor UK harvests and a deregulation of Canada’s grain market has meant that Canadian wheat sales to the UK have increased by 50%, but the UK industry says that need...

Premier Foods: another boss quits

Premier Foods’ executive director and chief financial officer (cfo) Mark Moran is to leave the firm, in what City analyst Panmure Gordon called further evidence that “the revolving door continues to...

Turkey slams Frito-Lay with $9m fine for retail manipulation

Frito-Lay has received a hefty fine for acting to ensure Turkish retailers only stocked its salty snack brands and not rival products.

Another blow: Tesco Express stores drop Hovis breads

This week brings another blow for Hovis as Tesco drops two of its bread brands from its express stores in favor of Kingsmill, so what does the future hold for...

Hovis strike sheds light on zero-hours contract uncertainty

A Hovis bakery strike has shed light on the practice of zero-hours contracts, whereby workers are “on-call” as opposed to having fixed hours and must take work when they are...

Premier Foods on morning goods: ‘Reducing salt levels can be very challenging’

UK-based Premier Foods is committed to slashing salt in its breads, cakes and morning goods despite the technical challenges, it says.

Hovis forced to cut 100% British wheat pledge due to poor quality UK harvest

Premier Foods will begin using EU-sourced wheat in its Hovis packaged breads in a bid to maintain quality following a poor UK harvest.

Hovis boss quits amid Premier Foods’ uphill bread struggle

The managing director of Premier Foods’ bakery arm tasked with driving the struggling bread business forward has resigned and will leave the firm early 2013.

Premier Foods: Catalysts, closures and consolidation…

Premier Foods will shut two bakery sites and remove 130 distribution routes at a cost of £28m ($44.5m); a move sparked by its lost Co-op bread contract.

UK bread wars: Allied Bakeries snatches Co-op contract from Premier

Allied Bakeries has secured an important win as it strikes a supply contract with UK retailer the Co-op that Premier Foods has been forced to cut, ABF’s finance director says....

Premier needs to address ‘sensitive’ distribution issue: Analyst

Premier Foods has split its bread business and upped sales in Hovis over the last quarter, but it has a lot more work to do and distribution is the sensitive...

Premier Foods' bread split is logical: Analyst

Debt-ridden Premier Foods has made a 'logical' decision to split its struggling bread arm from grocery in a bid to drive business forward, an analyst says.

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