The UK’s No1 gravy will offer more servings in less packaging

10/09/2021

New hybrid model will empower office-based colleagues to choose where works best 

25/08/2021

Nick Brown has been appointed Director of ESG in a newly created role


 

16/08/2021

The Headlines: 
 

• Q1 Group sales up 6.3% versus two years ago - at top end of Group’s expectations, Branded sales up 9.3%
• As expected, sales versus prior year lapping exceptional circumstances of first lockdown
• Grocery excluding out of home channels up 13% compared to two years ago
• Strong International performance, building on successful prior year, up 17% on two year basis
• Sales from strategy of expanding into new categories already delivered over £6m in last 12 months
• Full year adjusted profit before tax now expected to be at top end of Group expectations

Headlines:

• Branded revenue up +13.6% in full year and ahead +7.0% in Q4
• Trading profit increased +11.9% to £148.3m after increased marketing investment and incremental Covid costs
• Net debt/EBITDA, (pre-IFRS 16) reduced to 1.9x, the Group’s lowest ever leverage
• Repaid £190m Floating rate notes in FY20/21 reducing interest costs by c.£10m p.a.; plus ratings agency upgrades
• Combined pensions surplus of £539.9m
• New RCF facility to 2024 and launching offer of new £300m 5 year Senior Secured Fixed Rate Notes
• Proposed final dividend of 1.0 pence per share; reinstated for first time in thirteen years

Premier Foods has today announced the promotion of Hannah Collyer to Director of Corporate Affairs and ESG. This is a newly created role, sitting on Premier Foods’s Executive Leadership Team, and reporting to Chief Executive Officer, Alex Whitehouse.

05/05/2021

Sharwood’s is heading back to UK TV screens for the first time in over five years. As part of a £1m campaign, the brand will showcase that through Sharwood’s Indian range, consumers can be transported on a taste adventure inspired by modern day India’s culture, traditions, flavours and colours. 

08/03/2021

• People are experimenting more in the kitchen: on average, one third of households have added a dish to their weekly ‘go-to’ evening meals over the last year
• While the classics have continued to be popular, lighter options such as fish and potatoes, and meat-free dishes such as vegetarian curry, have seen fast growth
• Health remains a key priority:  81% of people want to eat more healthily over the year ahead

Headlines:

• Q3 Group sales up +9.0% and up +12.5% year to date
• Q3 Branded sales up +12.1% and +16.0% year to date
• Continuing to outperform the market, gaining volume and value share
• Online continues to grow strongly, up +90% in Q3
• Five major brands received advertising investment over Christmas period; more to come in Q4
• International sales grew +43%; continuing strong trajectory so far this year
• Further £40m part redemption of Floating Rate Notes due July 2022, saving further £2m p.a. interest costs
• Net debt/EBITDA now expected to be below 2.0x by year end

Mr Kipling has whipped up a whirlwind by introducing 30% Less Sugar Viennese Whirls which will provide a healthier choice for people looking for more permissible cakes.

13/01/2021