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Top related persons:
Seth Fischer - 1 Greencore - 1 Daniel Wosner - 1 Oasis - 1 Gavin Darby - 1 Darby - 1 Wosner - 1 Wosner's reappointment - 1
Top related locs:
Ireland United Kingdom Hong Kong Tokyo Austin Cayman Islands Asia Europe
Top related orgs:
Greencore - 1 Convenience Foods - 1 Ireland - 1 Oasis Management - 1 Oasis - 1 Premier Foods - 1 Apollo - 1 Premier - 1

Search resuls for: "Premier Foods"


5 mentions found


☆ Activist Oasis may turn to a preferred playbook to help build value at Greencore
  + stars: | 2024-03-23 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +6 min
Business: Greencore Group is an Ireland-based manufacturer of convenience foods. Premier Foods has generated a total return of nearly 300%, while Greencore is down 41.5% in that time. It is hard to believe there is another investor more qualified to create shareholder value at Greencore than Oasis. In addition, at The Restaurant Group and Premier, Oasis pushed for the sale of non-core assets, which is consistent with streamlining operations and creating shareholder value. One Greencore director who Oasis knows well is Alastair Murray, the former CFO and once-interim CEO of Premier Foods.
Persons: Seth Fischer, Greencore, Daniel Wosner, Oasis, Gavin Darby, Darby, Wosner, Wosner's reappointment, Dalton Philips, Catherine Gubbins, Alastair Murray, Murray, Ken Squire Organizations: Greencore, Convenience Foods, Ireland, Oasis Management, Oasis, Premier Foods, Apollo, Premier, Group, 13D Locations: Ireland, United Kingdom, Hong Kong, Tokyo, Austin, Cayman Islands, Asia, Europe
☆ UK supermarket Asda freezes prices of 500 products
  + stars: | 2023-06-13 | by ( James Davey | ) www.reuters.com   time to read: +2 min
Prime Minister Rishi Sunak has set a 2023 target to halve overall inflation but the goal has been undermined as inflation has remained stubbornly high, particularly food inflation. Overall UK consumer price inflation ran at 8.7% in April, the most recent official data showed, while food and drink inflation was 19.1%, just below a 46-year high. Food retailers have said they expect prices to rise in 2023 overall but with the rate of inflation declining through the year. Last week the French government secured a pledge from 75 top food companies to cut prices on hundreds of products. Last month, British finance minister Jeremy Hunt met food manufacturers to raise concerns about the surge in food prices, but no formal price controls were proposed.
Persons: cornflakes, Rishi Sunak, Clive Black, Jeremy Hunt, Kantar, James Davey, Sarah Young, Mark Potter Organizations: Grocers, Asda, Tesco, Foods, Waitrose, Shore Capital, Thomson
☆ UK equities rise on upbeat global mood, BT Group tumbles on weak cash flow
  + stars: | 2023-05-18 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
"There's clearly a lack of real strategy and it's not enough to just say we're going to cut costs. Vodafone Group Plc (VOD.L) earlier this week said it would cut 11,000 jobs globally over three years after it warned that a poor performance in its biggest market Germany would hit cash flow. The blue-chip FTSE 100 (.FTSE) rose 0.6%, reflecting an upbeat mood in global markets on hopes that Washington is edging closer to a deal to raise the U.S. debt ceiling and avert a default. Among other movers, luxury group Burberry Group Plc (BRBY.L) fell 6.2% as continued weakness in the United States overshadowed a stronger-than-expected fourth quarter sales driven by a rebound in China. EasyJet Plc rose 1% after the airline posted a first-half loss in line with its guidance.
☆ From caviar to cardboard cutouts, businesses hope for coronation boost
  + stars: | 2023-05-01 | by ( Marie-Louise Gumuchian | ) www.reuters.com   time to read: +3 min
[1/5] A view of souvenirs designed for the Coronation of Britain's King Charles in Windsor, Britain, April 29, 2023. Mugs, plates, tea towels, magnets, cushions and teddy bears are staple memorabilia for royal occasions and an array of these to mark King Charles' coronation on May 6 are already filling shop windows. Others are selling coronation varieties of the games pass the parcel, bingo and charades. John Lewis Partnership, the owner of the eponymous department stores and supermarket chain Waitrose, said last week searches for coronation products on its website had risen more than 262% on the previous week. “Our royal family selection of cardboard cut-outs have always been a favourite of our customers, with King Charles proving himself to be a top seller," an Argos spokesperson said.
☆ Mr Kipling maker Premier Foods posts higher half-year adjusted profit
  + stars: | 2022-11-16 | by ( ) www.reuters.com   time to read: +1 min
Nov 16 (Reuters) - Premier Foods (PFD.L) reported a rise in half-yearly adjusted profit on Wednesday on strong demand for its cakes and grocery products, while flagging further price pressures amid surging inflation. Surging prices have caused the biggest squeeze on UK household income since at least the 1950s. Premier Foods said adjusted profit before tax rose nearly 12% to 47 million pounds ($55.83 million) in the six months ended Oct. 1. The maker of Mr Kipling cakes and OXO cubes reported a 6.2% rise in half-year revenue and said it was on track to deliver full-year expectations. ($1 = 0.8419 pounds)Reporting by Radhika Anilkumar in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
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