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The Moreton Bakery Redundancy Forum Welcome to the unofficial Moreton Bakery forum which is run by workers independant from any union or organisation. Have your say on the recent management restructuring, the recent merger with Premier Foods, or on any employment issue on the site. To leave a message, you will need to click the POST button and fill in the 'name' box (any name) then leave your message in the 'message' box. The 'email' box can be left blank. If replying to a message click the REPLY button. LEGAL DISCLAIMER: WHEN YOU POST A MESSAGE THIS FORUM, YOU ARE RESPONSIBLE FOR THE CONTENT OF THAT MESSAGE. POSTINGS MAY BE EDITED OR REMOVED AT THE DISCRETION OF THE MODERATORS. |
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The Moreton Bakery Redundancy Forum
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| Viewing Page 1 of 1 (Total Posts: 5) |
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Phill Taylor
Mar 4, 08 - 8:56 PM |
Premier Foods Lose £73.5 Million in 2007
Hello According to this BBC report, Premier Foods lost £73.5 in 2007. I never did get round to buying any shares! Full report at: http://news.bbc.co.uk/1/hi/business/7276362.stm See also this report on Bloomberg: http://www.bloomberg.com/apps/news?pid=20601102&sid=aYGItPBwPI.0 "Wheat cost gloom for Hovis firm Premier Foods has slashed its dividend payout to shareholders and posted an annual loss for 2007 as the firm struggles to cope with soaring costs. The debt-laden firm said it would pay 6.5 pence a share to investors, just over half what it paid them last year. It has come under financial strain as profit margins on its Hovis bread range have been eroded by high wheat prices. The maker of Oxo and Campbell's Soup posted a pre-tax 2007 loss of £73.5m ($146m), against £59m previously. But its shares rose 11p, almost 12%, to 103p after it calmed fears that it would not be able to meet its repayments on the bank loans it took out to finance its £1.2bn acquisition of RHM. Under the RHM deal, Premier gained ownership of the Hovis brand as well as Mr Kipling cakes." This is what we should be talking about on here 
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newbie
Mar 5th, 2008 - 4:42 AM |
Re: Premier Foods Lose £73.5 Million in 2007
Thanks phil for keeping us with a brain informed on what,s really going on. I had,nt seen that report but it does,nt look good. I did,nt join the share scheme but those who have should pay more attention, then they might have something interesting to talk about on this site instead of slagging each other off. Please keep us informed. |
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noddy
Mar 5th, 2008 - 9:27 AM |
Re: Premier Foods Lose £73.5 Million in 2007
F***in' hell newbie that paint dried then
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newbie
Mar 5th, 2008 - 2:53 PM |
Re: Premier Foods Lose £73.5 Million in 2007
Oh my god! is there nowhere on this site to talk without you foul mouthed scumbags butting in.If our conversation bores you then don,t read it |
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part timer
Mar 5th, 2008 - 6:22 PM |
Re: Premier Foods Lose £73.5 Million in 2007
newbie if your someone with a brain why didnt you buy shares???????????? probably not the pension either are you clever clogs |
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