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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.

Premier Foods faces fierce competition in UK breakfast biscuits

Premier Foods will need to invest to truly differentiate in the UK breakfast biscuit segment as competition is fierce from rivals like Kraft Foods and Kellogg, according to an analyst.

Premier Foods’ dilemma: Disposals needed but will bread go?

UK food group Premier Foods will need to rid businesses in order to stabilise following its ‘truly awful’ full year results, analysts say, but predictions of sell-offs remain mixed.

Trading profit in Premier's bread arm nosedives; but firm no longer a basket case, claims analyst

Analysts note the ‘truly awful’ financial results for 2011 from Premier Foods as the UK group announced a £259.1m (€312.6) pre-tax loss for the full-year after writing down the value...

Lenders give Premier some vital breathing space; Rose's and Paxo may be up for grabs

Several private label and secondary and tertiary brands such as Paxo Stuffing are likely to be divested by Premier Foods in the coming months, claim analysts, as the UK manufacturer...

Hovis and Kingsmill stuck in British bread ‘slugfest’, analyst

After Premier Foods’ announced this week that it plans to up its spend on ‘power brands’ such as Hovis, Investec analyst Martin Deboo told that UK bread was a...

Premier Foods explores marketing beyond shoestring, Mr Kipling ‘category blur’

Premier Foods CEO Michael Clarke says he is pursuing a strategy of 'category blur' to revive the company’s disappointing trading performance, as he announces new marketing ammunition for the bakery...

Choppy waters still ahead for Premier Foods on debt talks, analysts

Recent trading momentum does not favour Premier Foods’ bid to get the upper hand in pending refinancing talks, claim market watchers.

News in brief

600 jobs to go at Premier Foods

UK-based Premier Foods has announced that 5% of its 12,000 man workforce will be axed as the company sets larger cut targets.

Premier boss Michael Clarke backed by city

Premier Foods boss Michael Clarke has received a resounding vote of confidence from city analysts, six months into his role, as he continues his plan to guide the firm out...

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