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Premier Foods PLC (PFD.L)

PFD.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Premier Foods says 2016 actuarial valuations agreed with all UK pension schemes
Tuesday, 28 Mar 2017 02:00am EDT 

Premier Foods Plc : Pensions update . 2016 actuarial valuations now agreed with all UK pension schemes . Cash payments to schemes reduced by further £32m over next three financial years . Agreed a schedule of pension deficit cash contributions with trustees of company's pension schemes . Payments fixed for nearly six years; from april 2014 until december 2019 . No deficit contributions to rhm schemes in recovery plan . Reductions and re-phasing of deficit contributions to premier foods' schemes 1 .Administration costs over next three years to be part funded by rhm schemes by £2m per annum.  Full Article

Premier Foods names Daniel Wosner from Oasis Management as non-exec director
Wednesday, 1 Mar 2017 02:00am EST 

Premier Foods Plc : Appointment of Daniel Wosner as a non-executive director of company from 1 st March 2017 . Daniel Wosner is managing director and head of europe at oasis management company, company's second largest shareholder .Oasis will acquire in aggregate 10 pct of ordinary share capital of company by 30 th June 2018.  Full Article

Premier Foods says Q2 sales fall 5.4 pct
Wednesday, 12 Oct 2016 02:00am EDT 

Premier Foods Plc : Q2 trading update . Q2 sales fell 5.4 percent to 172.5 million stg . In Q2 of year, total group sales were £172.5m, a 5.4 pct decline on prior year . Group's profit expectations for full year remain unchanged due to careful management of costs . Grocery sales were 9.5 pct lower than prior year in quarter . Sweet treats demonstrated accelerating momentum, reporting a sixth consecutive quarter of growth at 6.4 pct .Sales growth in second half of FY16/17 is expected to be weighted to Q4 and in range of 2-4 pct.  Full Article

Premier Foods says full-year forecasts unchanged
Thursday, 21 Jul 2016 02:08am EDT 

Premier Foods Plc : Q1 group sales up +1.9%; branded sales up +0.8% .Expectations for full year remain unchanged.  Full Article

Premier Foods buys remaining shares in Knighton Foods
Tuesday, 24 May 2016 11:52am EDT 

Premier Foods Plc : Acquisition of remaining shares in Knighton .Has today acquired, for a nominal sum, 51 pct stake in Knighton Foods Limited that it did not previously own.  Full Article

Premier Foods Q4 sales up, to look at streamlining ops
Tuesday, 17 May 2016 02:01am EDT 

Premier Foods Plc : Full year group sales +0.6%; branded sales flat . Net debt reduced to £534.2m from £584.9m - includes consolidation of knighton . fy16/17 sales growth guidance raised to 2-4% . In fy16/17 group plans to spend £42-£44m on consumer marketing, . Expertise will be used to review current manufacturing processes to identify areas for improvement which are expected to deliver increased line efficiencies. . In logistics, group is reviewing options in both its transport and warehousing operations which may lead to changes in configuration of its network. . Hm government has recently implemented a national living wage (nlw) for all employees above age of 25 which was effective from april 2016. Company expects there will be a relatively small increase in labour costs in fy16/17 . Q4 sales rose 1.4 percent to 185.5 million stg .Fy revenue from continuing operations 771.7 million stg versus 964.3 million stg year ago.  Full Article

Premier Foods PLC recalls Bisto Gravy Granules - Datamonitor Food Wire
Tuesday, 22 Sep 2015 08:00pm EDT 

Premier Foods PLC:The UK's Food and Standards Agency, or FSA, has announced that Premier Food is recalling some batches of Bisto For Chicken Gravy Granules and Reduced Salt Bisto For Chicken Gravy Granules because some packs may contain small pieces of metal due to a production fault - Datamonitor Food Wire.The recalled products includes: 170g of Bisto For Chicken Gravy Granules and 170g of Reduced Salt Bisto For Chicken Gravy Granules.No other Premier Foods products are known to be affected. If you have bought one of the above products, do not consume it. Instead, return it to the store from where it was bought for a full refund.  Full Article

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