Blog: Dean BestSomeone's luck is in at Premier

Dean Best | 12 October 2011

Shares in Premier Foods, the UK's largest food manufacturer, fell again today (12 October), the latest slump in the company's stock after its profit warning last week. However, there is some good news within the business.

Premier's shares stood at 4.1p at 14:13 BST this afternoon, a fall that followed Friday's tumble, when the company said its annual profits would be below market expectations.

News of the latest drop in Premier's shares reached just-food at Anuga, the international trade show in Cologne.

just-food understands that Premier's key suppliers are set to meet the company's management, including new chief executive Michael Clarke, at a conference in the coming days. It should make for an interesting meeting, with suppliers likely to be concerned about the company's future.

However, one person connected to Premier is feeling happy this morning. Reports in the UK say that Dave Dawes, the latest Euromillions lottery winner, is a shift supervisor at Premier.

With his GBP101m (US$158.9m) winnings, he could, if the shares fall further, end up buying the company.


BLOG

Hain Celestial's Orchard House deal waved through

The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....

BLOG

Hershey's unusual move to share sales data

Hershey made an unusual announcement today (20 September), sharing its own sales data for the last four weeks to assuage any possible investor concern over figures released by Nielsen....

BLOG

Are EU nations using Brexit to revisit country of origin labeling?

As the UK starts to ponder what kind of a relationship it wants with the European Union post-Brexit, EU leaders have been lining up to warn that Britain will not be allowed to "cherry pick" deals and ...

BLOG

UK food prices buck Brexit inflation fears

Low food prices continue to hold back inflation rates in the UK as the supermarket price war continues in the face of rising import costs. ...

just-food homepage



Forgot your password?