What the analysts say: Mixed reaction to Premier update
Premier Foods plc revealed a robust set of sales figures this morning (25 April), as a 3.7% increase in 'power brand' sales drove group sales up 1.3%. The group has seen its stock rebound of late as management has worked to convince the market that it is getting to grips with Premier's debt burden and working to reverse declining sales while also bolstering margins. However, the spectre of Premier's high debt level still looms large, especially given the current tough operating environment, and it seems that City analysts view this threat in varying degrees of severity.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Mondelez goes beyond certified cocoa - analysis
- What Premier CEO Gavin Darby thinks about Brexit
- How Tyson's new CEO plans to grow the meat group
- Nestle unveils process to cut sugar by 40%
- Putin 'wants embargo to run as long as possible'
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- McCormick to buy flavours business Enrico Giotti