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Premier Foods chairman ups stake after poor quarterly performance

Thu, 24th Apr 2014 16:12

The Chairman of Premier Foods on Thursday showed his support for the branded food producer after it reported a 6.2 per cent drop in its sales for the first three months of 2014. David Beever, who has held his current role on the board since June 2012, added £100,000-worth of shares to his stake, taking advantage of the cheaper share price with a 61.75p-a-share spend. The company blamed subdued grocery retail trading, a later Easter and milder weather for the fall in sales of its key brands and said trading was likely to stay tough for the rest of the year. Demand for its Loyd Grossman sauces rose in the quarter, supported by new lasagne sauce pouches, but Sharwood's sales fell due to a particularly competitive market.Sales of support brands fell 10.4% as Easter fell in the company's second quarter this year, hitting sales of Cadbury cakes.It is reducing suppliers as part of a drive to cut business costs and complexity and said the number of suppliers had fallen by more than 38% since the start of 2013 to 2,040, putting it on track to meet a target of 1,660 by the end of 2014.With the addition of 161,943 shares, Beever grew his stake in the company to 274,881. Top Director BuysCineworld Group (CINE) Director name: Mr Moshe GreidingerAmount purchased: 400,000 @ 297.89p Value: £1,191,560EG Solutions (EGS) Director name: Mr Duncan McIntyreAmount purchased: 400,000 @ 50.00p Value: £200,000Premier Foods (PFD) Director name: Mr David BeeverAmount purchased: 161,943 @ 61.75p Value: £100,000Aer Lingus Group (AERL) Director name: Mr William SlatteryAmount purchased: 21,295 @ € 1.57 Value: € 33,471Abcam (ABC) Director name: Mr Alan Thomas HirzelAmount purchased: 8,000 @ 387.89p Value: £31,031EG Solutions (EGS) Director name: Mr John BroughamAmount purchased: 60,000 @ 50.00p Value: £30,000Aberforth Geared Income Trust (AGIT) Director name: Mr Mike GreigAmount purchased: 8,452 @ 173.49p Value: £14,663Xaar (XAR) Director name: Mr Robin WilliamsAmount purchased: 1,500 @ 899.00p Value: £13,485Aberforth Geared Income Trust (AGIT) Director name: Mr Mike GreigAmount purchased: 7,124 @ 173.50p Value: £12,360Top Director SellsInterserve (IRV) Director name: Mr Adrian RingroseAmount sold: 30,000 @ 663.67p Value: £199,101Babcock International Group (BAB) Director name: Mr Kevin ThomasAmount sold: 2,741 @ 410.00p Value: £11,238NR
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16 Feb 2017 09:19

EG Solutions Wins GBP692,000 Public Sector Software Contract

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16 Feb 2017 09:16

EG Solutions wins £692,000 public sector contract

(ShareCast News) - Shares soared in EG Solutions after the back office technology company said it had won a £692,000 contract to implement its operational intelligence software within the public sector. The contract was won in partnership with the provider of the EG's managed cloud service platform,

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13 Feb 2017 10:02

EG Solutions on the up as full-year revenue to be in line with expectations

(ShareCast News) - Shares in EG Solutions soared on Monday as the back office software company anticipates that revenue for the year will be in line with expectations after the implementation of its strategy to profitably scale the business. At the beginning of the second half of the year, the compa

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13 Feb 2017 07:55

EG Solutions Full-Year Results To Be In Line With Market Expectations

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3 Jan 2017 08:07

EG Solutions announces CFO resigns from Aspect Software

(ShareCast News) - Bob Krakauer resigned as chief financial officer of US firm Aspect Software, the partner of AIM-listed EG Solutions, a back office workforce optimisation company, on Tuesday. EG Solutions said that Krakauer will remain on the board of the company as a non-executive director "in li

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15 Nov 2016 08:28

EG Solutions wins £1.3m contract with retail energy supplier

(ShareCast News) - Back-office software company EG Solutions has won its first mobile and multilingual contract with a retail energy company, worth £1.3m. The AIM-listed company will implement its EG operational intelligence software and EG mobile product across 500 back office, call centres and sal

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18 Aug 2016 13:55

EG Solutions partner secures $1m contract

(ShareCast News) - AIM-listed EG Solutions said on Thursday that its partner Aspect Software Inc. has closed a three-year contract with an unnamed social networking corporation to supply EG's back office optimisation software. The initial contract is valued at $1m, with up to 4,000 licences being

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4 Jul 2016 12:30

Michael Woolley appointed CFO of EG Solutions

(ShareCast News) - Michael Woolley has been appointed chief financial officer of optimisation software company EG Solutions with immediate effect. Woolley, 29, joined EG in November 2014 from Pets at Home, where he was senior management accountant and was involved in the company's initial public off

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4 Jul 2016 07:23

EG Solutions Promotes Michael Woolley To Chief Financial Officer

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13 Jun 2016 07:14

Four EG Solution Directors Resign, Nigel Payne To Takeover As Chairman

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9 Jun 2016 08:03

EG Solutions Affirms Profit Guidance But First Half To Miss Guidance

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26 May 2016 13:18

Eg Solutions Says Strategic Partner Emerges From Bankruptcy

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16 May 2016 15:10

AGM, EGM Calendar - Week Ahead

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23 Mar 2016 10:20

EG Solutions Stays In Profit Despite More Sales And Marketing Spending

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16 Mar 2016 16:06

Earnings, Trading Statements Calendar - Week Ahead

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