over the next few months grocery prices will start firming up a little and Sterling improves against Major World Currencies. Sterling can't go any lower IMO. Theresa May is putting a right step forward now.
Own brand products are manufactured from inferior ingredients and are lower specification. Cannot compare with a branded product eg recently discovered Xylene contamination found in one of Lidl's inexpensive gravy brands -stocks withdrawn before Christmas. Tried some Sainsbury own brand cakes a few weeks ago - not impressed.
Good old Daily Telegraph and Mr Black ( good name that!) trying to undermine PFD AGAIN - kick um when they're down - lol! Britain will be forging much closer links with The States and I would guess Mondelez will keep the Cadbury arrangement in situ. Everything seems to be working OK with the arrangement. At the worst and they pull the plug that would provide PFD carte blanche to launch its own range of chocolate cakes.
can see most pfd products on promotion and can see why profits and sales are down. If a supermarket customer gets a £1.19 product for 50p, that is a loss of 69p. Why have so many promotions. This is just a race to the bottom and the only losers are the shareholders.
coming soon.....sit tight, anal-cysts will run the SP down, GD will run the SP down to favour Nissin but hold tight. Offer is coming soon, if not GD will get the boot. I need to read his bio to see how many companies he has screwed like this. Saviour of PFD....yeah right. PFD is a Cow......GD is milking it dry.
There actually nothing in the article apart from an analyst saying if they don't renew it would be bad which is sorta straight out of captain obvious' book of obvious statements !! cadburys say premier and a valued partner and premier say the same so not much we didn't know before ( and according to gd the contract is 12 months rolling so it won't end in June as the article says in any case so it does suggest the journalist didn't do their homework.
Bigger picture is that consolidation in the food industry is continuing apace with foxes and weetabix this weekend. Pfd are in a better balance sheet position than this time last year with lower debt and pension liabilities si u will take any dip in price to buy in -
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