Quorn Foods

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INSIGHT: Premier ad spend to rise to boost share

5 Aug 2009

Premier Foods plc said today (5 August) it plans to increase its advertising spending by 12% to boost its share across a number of categories.

UK: Demand for Hovis boosts Premier earnings

5 Aug 2009

UK-based food group Premier Foods plc posted an increase in half-year earnings today (5 August), boosted by a rise in demand for Hovis bread.

UK: Premier trading in line with expectations

29 Jun 2009

Premier Foods has said that trading has continued in line with the first four months of the year, with good grocery growth, leading it to reaffirm its full year targets.

UK: Premier denies Kipling sale reports

20 Oct 2008

Premier Foods has “categorically” denied reports that it is planning to put Mr Kipling and other well-known brands on the block a bid to reduce debts.

UK: Premier silent as shares tumble

17 Oct 2008

Premier Foods has remained silent after rumours that it has, or is about to, break loan covenants caused its share price to plummet in morning trade today (17 October).

UK: Premier Foods eyes debt reduction

13 Oct 2008

Premier Foods has confirmed that it is looking into ways to accelerate debt reduction.

UK: Debt worries weigh on Premier

28 Aug 2008

Concerns over Premier Foods’ level of debt have caused the group’s share price to drop 7.74% in morning trade after the UK food manufacturer posted first-half profits in line with expectations.

UK: Premier Foods adds to board

21 Jan 2008

Premier Foods, the UK’s largest food group, has announced the appointment of three members to its board.

Top stories on just-food this week

11 Jan 2008

From Tesco’s health and nutrition launch in the UK, to the debate over GM in France, here is a round-up of this week's top read stories on just-food. Please click on the links provided to find out more.

UK: Cost pressure to continue, says Premier

10 Jan 2008

Premier Foods, the UK’s largest food group, saw its shares tumble today (10 January) after it warned of continued cost pressure throughout 2008.

UK: Premier Foods to close five UK sites

2 Jul 2007

Premier Foods, the UK’s largest food group, is to close six of its sites in the country, it announced today (2 July).

UPDATE: US/UK: Hain eyes soaring Linda McCartney sales

4 May 2007

Hain Celestial hopes the relaunch of its Linda McCartney range of vegetarian products will boost the brand’s UK sales by around 80% in the next 12 months.

UK: Premier profits jump 12% on branded growth

7 Mar 2007

Premier Foods, maker of Ambrosia custard and Quorn, has reported a 12.2% rise in pre-tax profit for fiscal 2006, which rose to GBP58m (US$111.94m) on the back of a strong performance from the company’s leading brands.

UK/US/CAN: FFB names new North America chief

12 Dec 2006

Food from Britain (FFB), the market development consultancy which helps build business for UK food and drink manufacturers, has announced the appointment of David Wilson as managing director of its North America unit.

Premier looks to take RHM star brands forward

11 Dec 2006

The acquisition of RHM by Premier Foods was greeted enthusiastically by analysts but while the GBP1.2bn deal gives Premier some prestigious brands, Katy Humphries believes questions remain over Premier’s plans for RHM’s non-branded milling and baking operations.

UK: Premier confirms interest in United Biscuits

6 Sep 2006

Premier Foods has confirmed that it intends to make an offer for United Biscuits (UB), the privately owned UK maker of popular brands such as McVitie’s, Jaffa Cakes and KP.

UK: Premier Foods pre-tax profit soars 123.2%

7 Aug 2006

Premier Foods today (7 August) reported soaring first half profits, with profit before tax increasing by 123.2% year-on-year from GBP12.5m (US$23.86m) to GBP27.9m, boosted by healthy trading in its core grocery business and the first full half of contributions from its Quorn and Cauldron units.

Premier still hungry after Campbell acquisition

19 Jul 2006

Since coming to the stock market in 2004 Premier Foods has built a solid reputation for revitalising underperforming brands. If its track record with Bird’s, Branston and Quorn is anything to go by, Premier’s purchase of Campbell’s UK and Irish units could be money well spent. Joe Ayling and Katy Humphries report.

UK: Premier bolstered by strong brand performance

6 Jul 2006

Unlike many other food companies, who have been feeling the pinch of a constricted market place and escalating costs, Premier Foods has said that it is confident of its ability to weather the storm. In a buoyant trading statement released today (6 July) Premier said that like-for-like sales growth should meet targets thanks to strong performances from its Quorn, Branston, Loyd Grossman and Ambrosia brands.

UK: Premier reaffirms full-year outlook despite rising costs

11 May 2006

Premier Foods, maker of well-known brands like Branston, Birds and Quorn, today (11 May) reaffirmed its full-year financial guidance, stating that trading has continued in line with expectations.

UK: Premier Foods sales and profits up

7 Mar 2006

Premier Foods said today (7 March) that it has increased its 2005 full year operating profit by 18.2% on sales that were up 6%, boosted by the acquisition of Bird’s Quorn and Cauldron brands. Like-for-like grocery sales increased by 1.6%.

UK: Premier buys Cauldron Foods for £27.0m

1 Nov 2005

UK food manufacturer Premier Foods has announced that it has completed the acquisition of Cauldron Foods, a manufacturer of branded, chilled meat free products, from Rayner & Co (Investments) Limited for £27.0m (US$47.8m).

UK: Vegetarians call for Jelly Babies to be reformulated

28 Oct 2005

The Vegetarian Society has named Bassett’s Jelly Babies, made by UK confectionery giant Cadbury, as the winner of its “Imperfect World Award”, for items that are made using animal products despite the availability of a vegetarian alternative.

UK: Premier Foods' sales decline, but profits rise

6 Sep 2005

UK packaged food company Premier Foods as reported a 3.9% decline in turnover from continuing operations to £409.2m (US$754.3m) for the six months to 2 July 2005, but said its grocery business performed strongly.

Healthy lifestyles boost new meat-free product introductions

13 Jul 2005

The last few years has seen a large increase in the number of new product introductions in the meat substitutes category, which includes products made from soy, tofu, mycoprotein and TVP. As well as catering for vegetarians, such products also appeal to healthy eaters looking to curb their meat intake, as Mintel’s Amanda Lintott reports.

UK: Premier Foods buys Quorn company Marlow Foods

6 Jun 2005

Food company Premier Foods has today (Monday) announced that it has agreed to buy Marlow Foods, the owner of meat alternative brand Quorn, from Montagu Private Equity for £172m (US$312m).

UK: Vegetarian Society approves certain McDonald's products - report

1 Oct 2004

Fastfood chain McDonald’s has reportedly struck a deal with the Vegetarian Society to use its logo to approve some of its products.

UK: Quorn seeks to broaden appeal

13 May 2004

Marlow Foods is to try to extend the appeal of its vegetarian food brand Quorn beyond the traditional vegetarian market with a direct marketing push.

UK: McDonald's to introduce Quorn burger - report

20 Feb 2004

The UK unit of US fastfood giant McDonald's is reportedly planning to introduce a Quorn burger, adding to its vegetarian menu offering.

USA: Quorn under renewed fire from consumer lobby group

19 Dec 2003

A US consumer watchdog is intensifying its campaign to have the meat substitute, Quorn, taken off supermarket shelves, despite Britain’s Food Standards Agency’s (FSA) rejection of claims that it is unsafe.





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