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Premier Foods’ dilemma: Disposals needed but will bread go?
date:May 28, 2012
In March, the group reported a 259.1m (312.6m) pre-tax loss for the full year, with its bread arm nose-diving sharply by 90.4% with a yearly trading profit of only 3.4m (4.2m).

Investment bank, Panmure Gordon Co, said it expects Premiers debt to sit at 1.2bn (1.49bn) for the rest of 2012.

Disposals are therefore essential to rehabilitate the balance sheet,Panmure said.

Disposal options

Premier identifies its eight power brands as Hovis, Mr Kipling, Batchelors, Bisto, Ambrosia, Sharwoods,

07/02 03:27