Debt worries at Premier
Shares in Premier Foods gained today (13 January) after the UK’s largest food manufacturer posted a jump in full-year sales and announced that progress was being made in its drive to cut debt. However, to some extent, this news was overshadowed by question marks over how Premier intends to raise capital. Katy Humphries reports.
Premier in a pickle
13 January 2009
Shares in Premier Foods gained today (13 January) after the UK’s largest food manufacturer posted a jump in full-year sales and announced that progress was being made in its drive to cut debt. However, to some extent, this news was overshadowed by question marks over how Premier intends to raise capital. Katy Humphries reports.
UK: Premier confident on outlook as sales up 9%
13 January 2009
Premier Foods, the UK’s largest food maker, today (13 January) posted a 9% jump in full-year sales and issued a confident outlook for fiscal 2009.
UK: Premier eyeing cash injection
12 January 2009
The heavily indebted UK food group Premier Foods is eyeing an injection of cash - possibly from private equity investment coupled with a rights issue - with a view to reducing its debts of GBP1.8bn (US$2.7bn).
UK: Premier rejects UB Kipling bid
18 November 2008
Premier Foods today (18 November) confirmed that it has rejected an approach from rival UK food group United Biscuits for its Mr Kipling brand.
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