date:Oct 25, 2012
e and will not affect 2012 performance.
Rising wheat costs are adding to the pressure on Premier's bread business.
Ebb and flow
Panmure Gordon analyst Damian McNeela said:There is a degree of ebb and flow to the non-branded bread business and although the margins associated with the lost contract are low it is a larger than average contract and hence the company have disclosed it.
Martin Deboo, analyst with Investec Securities said: While the contract is low margin, it will represent lost c