Pre-competitive industry research into fat reduction, high protein foods and new product development (NPD) strategies has been given a £1 million (€1.2m) boost in funding through the UK's research councils.
Premier Foods has delivered “a truly awful 2014 stock performance”, despite making solid restructuring progress, said City analyst Shore Capital, ahead of the firm’s third-quarter trading results, due for release later this week.
Premier Foods has launched a joint venture with Specialty Powders to process and pack powdered drinks and desserts at its Knighton factory in Staffordshire, home to its Bird’s, Angel Delight and Marvel brands.
Premier Foods is continuing to review its refinancing options, the food manufacturing giant confirmed today (March 3), after weekend press reports claimed it would reveal a deal worth more than £750M this week.
Britain’s biggest food manufacturer Premier Foods has reported growth in power and grocery brands but tough going for its bread division, in its full year financial results for the year to December 31 2012 published yesterday (February 21).
Britain’s biggest food manufacturer Premier Foods has appointed Geoff Eaton, formerly ceo of Uniq, as chief operating officer and executive director to “accelerate transformation” within the debt-laden giant.
The Office of Fair Trading’s (OFT’s) investigation of Premier Foods’ sale of its vinegar and pickles business to Mizkan Group is unlikely to hamper the process, according to financial analyst Clive Black.
UK grocery giant Premier Foods has halved IT operational costs in a project launched in conjunction with Google Enterprise that will enable it to coordinate cross-functional business projects more efficiently.
The acquisition of up-for-sale Ragu manufacturer Symington’s could be the key to unlocking the success of Premier Food’s non-core brands, according to city analysts, after reports of private equity interest in the businesses.
Several private label and secondary and tertiary brands such as Paxo Stuffing are likely to be divested by Premier Foods in the coming months, claim analysts, as the UK manufacturer gets breathing space from investors.
Premier Foods CEO Michael Clarke says he is pursuing a strategy of 'category blur' to revive the company’s disappointing trading performance, as he announces new marketing ammunition for the bakery and snack ‘power brands’ central to the approach.
Analyst RBS believes Brookes Avana is Premier Foods’ most likely candidate for disposal, following the UK food producer’s announcement at the end of last week that it is now actively looking to sell off parts of its business to allow it to deleverage.
UK manufacturer Premier Foods has said it expects to deliver strong
half-year profits as sales of household names Branston and Ambrosia
perk up and the newly acquired Quorn brand enjoys a double-digit
rise in demand.
Following a year of restructuring, the manufacturer famous for
iconic British brands Sarson's Vinegar and Gale's Honey has
announced plans to enter the brown sauce and ketchup sector as a
direct rival to Heinz-HP.
Vulnerabilities in the food chain through globalisation evident as
the sudan 1 food recall, that has racked the UK food industry in
recent weeks, spread to China with reports that international food
maker Heinz has called back chilli...
Premier Foods, the company at the centre of the UK's biggest food
product recall, said it was confident of suffering little or no
financial impact as a result of the food scare as it reported
figures for 2004 already affected...
Lessons will have to be drawn. So concludes an emergency meeting of
scientists in Brussels last week to assess the fall out after the
arrival of the illegal food colour sudan 1 in over 450 processed
food brands on the UK market, reports...
The ownership of UK food producer RHM, formerly known as Ranks
Hovis McDougall, is once again in question, according to a recent
interview. The company may soon change hands for the third time in