Hints and tips:
...The main signal was her appointment of a CEO,” said the chair of another retailer, referring to the appointment in March of former Hovis boss Nish Kankiwala as John Lewis’s first ever chief executive....
...John Lewis Partnership has appointed former Hovis boss Nish Kankiwala as its first chief executive....
...Interim results from the company show trading profit up 28.7 per cent to £66m on 15 per cent revenue growth, with management setting a new debt target on the back of its recent disposal of the Hovis bread...
...Premier Foods was down 9.5 per cent on cash-call speculation, with Citigroup forecasting that the Hovis owner would reduce debt by raising about £300m with a deeply discounted equity issue....
...Premier Foods has slashed targets for performance-related payouts by nearly a third, making it easier for top executives at the ailing maker of Mr Kipling cakes and Hovis bread to pocket rewards....
...Hovis bread maker Premier Foods rose 9.1 per cent after it posted a 50 per cent jump in half-year earnings, stripping out businesses sold....
...optimum quality across its product range, particularly Hovis”....
...The Hovis bread maker dropped 23.7 per cent after saying that CEO Michael Clarke was moving on “to pursue other business opportunities” after delivering the group’s “initial turnround”....
...Shares in Premier Foods fell 12 per cent after it revealed Michael Clarke is leaving after less than 18 months in the role to be replaced by Gavin Darby, a former executive from Coca-Cola and Vodafone....
...Premier Foods, the heavily indebted maker of Mr Kipling cakes and Hovis bread, has lost its second-in-command just a week after chief executive Mike Clarke quit the board....
...The maker of Mr Kipling cakes and Hovis bread said that sales of its so-called “power brand” items – such as Bisto gravy mix, Oxo stock cubes and Ambrosia custard – rose 3.5 per cent compared with the same...
...Michael Clarke, after barely 17 months at the helm, resigned abruptly from Premier Foods this week . The company put a brave face on it....
...The company, once Britain’s biggest food producer, is in the throes of a turnround under Michael Clarke, who formerly ran the European operations of Kraft, the US foods group....
...Although Hovis is one of Premier Foods’ “power brands”, bread is not a brand-focused category. It is a commodity business, surviving on service levels and cost....
...Michael Clarke, Premier’s chief executive, said those funds would go towards paying off a third of the company’s £1.2bn in net debt....
...Michael Clarke has spent the past 18 months clearing the shelves at Premier Foods. Now he is heading for the exit himself....
...Premier Foods, the debt-laden manufacturer of Mr Kipling cakes and Ambrosia rice pudding, is splitting its bread business into a separate division as it seeks to “unlock value” in the flagging £711m turnover Hovis...
...Michael Clarke, chief executive of Premier Foods, hailed the latest deal, the £200m sale of Hartley’s jams and spreads to Hain Celestial of the US, as “a major step forward in our strategy to simplify the...
...Ronnie Bell, chairman of Premier Foods has quit with immediate effect, dealing a fresh blow to the maker of Hovis bread and Mr Kipling cakes as management strive to turn around its fortunes....
...Michael Clarke, chief executive, said: “This agreement represents another important step in our strategy to focus on our power brands.”...
...In the formal announcement of the deal on Thursday, Michael Clarke, Premier Foods chief executive, described the agreement as a “major step forward”....
...The maker of Hovis bread and Mr Kipling cakes hired Michael Clarke from Kraft as chief executive last summer, with a mandate to turn round the business. Premier has been struggling on several fronts....
...Michael Clarke, chief executive of Premier Foods, said the deal was an important step towards streamlining the group’s portfolio....
...Michael Clarke, Premier’s chief executive, said the company was considering selling some of its brands to pay down debt....
...The move completes a boardroom revamp by Michael Clarke, chief executive, who joined Premier from Kraft in August and has the task of turning around the ailing manufacturer of Hovis bread and Mr Kipling...
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