Premier Foods to focus on reducing net debt

Premier Foods to focus on reducing net debt

Mr Kipling owner Premier Foods posted its preliminary results ending 30th March 2019, which revealed a £42.7m statutory loss and a net debt of £469.9 million. Results show a trading profit growth of 4.5% to £128.5m, and profit before tax up 12.1% to £88 million. It...
Premier Foods halts plan to sell Ambrosia

Premier Foods halts plan to sell Ambrosia

Premier Foods strategy to sell its Ambrosia custard division has been cancelled following the departure of chief executive Gavin Darby in January, who launched the disposal process. Gavin Darby put Ambrosia on the market last November, allegedly following pressure...