Does anyone know this company? It was highlighted in this weekend's paper and I wonder if it is about to fall a lot more ( eg with the prospect of a Rights Issue, etc), and that might be a good time to get in - when they have some cash.

Are they beholden to Supermarkets, I wonder - could this mean they have little "pricing-power"? - That's something that any go-go business needs, perhaps along with a USP - although this is hardly likley in the "food" industry, is it?

1st June 2012

PREMIER FOODS CHAIRMAN TO STEP DOWN

Premier Foods ("the Company") today announces that Ronnie Bell has informed the Board of Directors of his intention to step down as Chairman of the Board with effect from 1st June 2012. The Board has appointed its Senior Independent Director, David Beever, to take on the Chairman's role upon Ronnie's departure.

Ronnie Bell's decision to step down reflects a desire to focus on his other business and governance commitments, having successfully put in place a new management structure at the Company and overseen the negotiation of new financing arrangements, as well as the development of a strategy to restore profitable growth.

Commenting on his decision, Ronnie Bell said:

"I'm delighted that we now have the right management, strategic and financial foundations in place to drive Premier Foods' return to growth. Having set a course to turn the company around, I believe it is an appropriate time to step down.

"I'm confident that with Michael Clarke at the helm, the company has a bright future. I'm also very grateful to David Beever for stepping in as Chairman to ensure the necessary continuity"

David Beever commented:

"The Board would like to thank Ronnie for his leadership over the last 21 months.

"I have agreed to take on the Chairman's role on an interim basis while the Board comes to a view on a permanent successor. My priority is to support Michael and the management team to continue building our organisation and strategy to restore profitable growth."

The Board has appointed non-executive Director, Ian McHoul, to take over as Senior Independent Director once David Beever becomes Chairman.

Ends

No shit sherlock - Premier Foods chairman departure not helpfull

.

11 June 2012

DIRECTORSHIP NOTIFICATION

Following announcements earlier today by Intertek plc and BTG PLC regarding the appointment of Louise Makin as Non executive Director of Intertek plc, Premier Foods wishes to confirm that Louise Makin will retire from the Board of Premier Foods as planned on 30 September 2012, being the natural expiry of her second three-year term.

- Ends -

RNS Number : 1927F

Premier Foods plc

12 June 2012

Premier Foods plc

12 June 2012

Statement re: Share Price Movement

Premier Foods ("the Company") notes the decline in its share price in recent weeks. The Company continues to make progress in the implementation of its growth strategies and full year expectations for 2012 remain unchanged.

The Company will report its Half Year results for the 6 months ended 30 June 2012 on Tuesday 7 August 2012.

Ends

During a recession downturn - food and drink are surely a safe bet - is now the time to buy and before 7 Aug ?

shorters seem to have taken hold of PFD.

Shorters can never see over the parapet !

Disposal.

Premier Foods today announces that it has reached an agreement to sell its vinegar and sour pickles business, including the Sarson's, Haywards and Dufrais brands, to Mizkan, for a cash consideration of £41 million. The sale is expected to complete by the end of July 2012.

This agreement represents a further step in the Group's strategy to prioritise investment behind its eight Power Brands and divest selected, non-core businesses.

Disposal

Premier Foods today announces that it has sold its Elephant Atta ethnic flour business to Westmill Foods, a subsidiary of Associated British Foods plc ("ABF"), for a cash consideration of £34 million.

The agreement represents another step in the Group's strategy to prioritise investment behind its Power Brands and divest selected, non-core businesses.

Is the bounce back finally on?.
second day rising from low of 61p now 67p

You just beat me to it!

Maybe early signs?

Half Year results on the 7th.

PREMIER FOODS COMPLETES SALE OF ITS VINEGAR AND SOUR PICKLES BUSINESS TO THE MIZKAN GROUP

Further to the announcement of 15 June 2012, Premier Foods is pleased to confirm that it has now completed the disposal of its vinegar and sour pickles, including the Sarson's, Hayward's and Dufrais brands to Mizkan for a cash consideration of £41 million on a debt free and cash free basis, subject to a post completion stock adjustment.

-Ends-

Half Yearly Report

Delivering stabilisation and growth strategies on track

· Underlying sales, excluding Milling, up 1.1%
· Power Brand sales up 2.0%, Grocery Power Brand sales up 4.9%
· Underlying Trading profit up 3.2%
· Marketing investment increased 40%
· Power Brand portfolio consistently gaining market share
· Cost reduction programme to deliver £40m savings by year end, ahead of 2013 plan
· Disposal programme on schedule
· Full year outlook unchanged

Board Appointment


Premier Foods plc is pleased to announce the appointment of Jennifer Laing as a Non Executive Director with effect from 1 October 2012.

Jennifer has over 30 years experience in brand building and communications including 16 years with Saatchi & Saatchi, twice as Chairman of the London office, and culminating in her role as Chairman and CEO of Saatchi & Saatchi North America. In the early 1990s she led her own advertising agency, Laing Henry, which was subsequently sold to Saatchi & Saatchi. From 2001 to 2007 Jennifer was Associate Dean, External Relations at London Business School.

Jennifer is currently a Non-Executive Director of (IHG) InterContinental Hotels Group plc where she chairs the Corporate Responsibility Committee, and of Hudson Global, Inc., a global recruitment company, where she is Chairman of the Compensation Committee.

Commenting on Jennifer's appointment, David Beever, Chairman of Premier Foods, said:

"I am delighted to welcome Jennifer to the Board. Jennifer brings with her a wealth of brand marketing and advertising experience which will be invaluable as we continue to invest in our future growth. The Board and I very much look forward to working with her."

Bye bye Hartleys :-(

PROPOSED SALE OF SWEET SPREADS AND JELLIES BUSINESS TO HAIN CELESTIAL FOR £200 MILLION

Premier Foods announces that it has reached a conditional agreement to sell its sweet spreads and jellies business, including the Hartley's, Robertson's, Frank Cooper, Keiller, Gales and Sun-Pat brands, to The Hain Celestial Group, Inc. [NASDAQ:HAIN], for a cash and share consideration of £200 million. The sale is subject to approval by Premier Foods' shareholders and consent from Premier Foods' banking syndicate and is expected to complete by the end of October 2012.

Just out of auction +7%

InterimMangement Statement

Highlights

· Underlying sales excluding Milling1,3 up 2.0% in Q3
· Power Brand sales up 2.0% YTD
· Grocery Power Brands sales up 4.1% YTD
· Additional Overhead Cost Reductions of £20m to be achieved in 2013
· Full Year expectations remain unchanged

Up 9.3% just shy of the 200ma and probably helped by this interview in the ST - Here’s my recipe to put life into Mr Kipling’s zombie

Michael Clarke has had a stellar career at Kraft, Coca-Cola and Reebok. Why trade it in for the debt-crippled Premier Foods?