date:Jul 24, 2013
British food producer Premier Foods said it expected to post full-year results at the top end of forecasts after cost cuts helped the group to report a 50 percent leap in first-half trading profit.
The firm said it now expected free cash flow for the year to be between 50 and 70 million pounds, higher than a previous range of 40-60 million.
The debt-laden maker of Mr Kipling cakes and Hovis bread said on Tuesday underlying trading profit jumped to 47.4 million pounds ($73 million) in the six m