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...Premier — whose brands include Sherwood’s cooking sauces, Mr Kipling cakes, Bisto gravy and Oxo stock cubes — said it was winning market share as hard-pressed households change their eating habits and improvise...
...Premier, which also makes Mr Kipling cakes, Bisto gravy and Oxo stock cubes, said it was winning market share as hard-pressed households changed their eating habits and improvised with leftovers....
...Premier, which also makes Mr Kipling cakes and Bird’s custard, acquired Hovis in 2007, as part of its £1.2bn takeover of rival Rank Hovis McDougall....
...The company will redeem £40m of bonds in February, after disposing of its stake in the Hovis bread brand for £37m late last year....
...Last week, Premier sold its bread brand Hovis to private equity group Endless in a £37m deal....
...“Looking longer term, we believe there are reasons to be positive,” Mr Allan said....
...Mr Hovi said some of the vessels booked by Bahri would be heading west and to the US gulf coast — a voyage that used to be common before the shale oil revolution....
...Allied and Hovis are owned by ABF and a Premier joint venture respectively, while Warburtons is privately owned....
...It was launched in the late 1980s after it was commercialised by Marlow Foods, a joint venture between Rank Hovis McDougall and ICI....
...He, too, has made disposals such as selling a majority stake in the Hovis bread business....
...Mr Darby said the current year had got off to a “solid” start....
...“They’re here to stay,” Mr Atwall shrugs....
...He also held that post at Hovis-baker RHM, where he was involved in another M&A deal: its takeover by Premier Foods....
...This included a £13.6m impairment on Hovis bread because of “challenging market conditions”. Premier sold a 51 per cent stake in Hovis to Los Angeles-based Gores Group two years ago....
...McCormick has made an exceedingly better offer for Mr Kipling maker Premier Foods, Tata UK is steeling itself for a sale....
...Mr Darby’s big move was to spin off the bread business, including Hovis and Mother’s Pride, which represented half of Premier’s revenues and perhaps 5 per cent of profits....
...They look at Mr Burnham and Mr Cameron, with their cradle-to-grave continuities of friendship and family, and see nothing familiar there....
...Warburtons has taken market share, helped by troubles at Premier Foods, owner of the Hovis and Mother’s Pride bread brands, which has heavy debts and sold a majority stake in its bakery business to a US...
...Mr Darby has said that this year’s financial restructuring to reduce its debt levels and the sale of a 49 per cent slice of the Hovis bread business, would unleash a better performance from the grocery business...
...Mr Goni said brown bread, for which Hovis is best known, was not in decline and that a key part of its turnround plan would involve new products....
...Mr Black said that the price cuts could put pressure on Aldi and Lidl as they sold largely private-label products, rather than well-known brands....
...One controversial case involved Premier Foods, maker of Mr Kipling cakes and Hovis bread, which told suppliers last year that they could lose the chance of new contracts unless they made cash payments....
...Mr Darby has hived off half the Hovis bread business to Los Angeles-based Gores Group and reduced the food group’s debt mountain, promising a bright future for the grocery business....
...“This is a win-win for both sides of our business,” said Mr Darby on Monday....
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