Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPremier Foods Share News (PFD)

Share Price Information for Premier Foods (PFD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 163.40
Bid: 162.20
Ask: 162.40
Change: -1.00 (-0.61%)
Spread: 0.20 (0.123%)
Open: 161.20
High: 164.40
Low: 161.20
Prev. Close: 164.40
PFD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Booze, burgers and bangers - UK supermarkets brace for Euro 2020 final frenzy

Thu, 08th Jul 2021 17:28

LONDON, July 8 (Reuters) - Soaring demand for beer, soft drinks, salads and barbecue food as England supporters prepare for Sunday's Euro 2020 final is putting more pressure on supermarket supply chains already creaking from a shortage of lorry drivers.

British supermarket groups have this month warned of gaps on shelves with demand for food and drink exceeding expectations during the month long soccer tournament, as families continue to eat more at home despite the relaxation of COVID-19 restrictions on hospitality openings.

With England playing Italy on Sunday evening in its first major soccer tournament final since 1966 and millions of people across the country planning weekend parties, barbecues and get togethers, supermarkets are braced for demand to go through the roof.

Asda, Britain's No.3 supermarket group, predicted it would sell over 45 million packs of beer and more than 1 million pizzas this weekend.

On Sunday alone it estimates it will sell 200,000 individual burgers, equivalent to 19 tonnes.

Simon Roberts, CEO of Sainsbury's, Britain's second largest grocer, said this week that last Saturday (July 3), when England played Ukraine in their Euro 2020 quarter final, the group sold around 17 packs of beer a second, which was 60% higher than an average Saturday.

"We're working hard to make sure we can maintain availability but clearly there are challenges in the upward supply chain," he said, highlighting some issues in high demand product areas, such as beer, soft drinks and salad packs.

His finance chief Kevin O'Byrne added: "You'll find products you want, you may not find every brand you want."

Britain's government said on Wednesday it would relax rules this month for how long truck drivers can work, as a temporary fix for a severe shortage of qualified heavy goods vehicle (HGV) operators.

The pandemic, which prompted many foreign drivers to return home during lockdowns, and new immigration controls after Brexit have led to the shortage - estimated at over 100,000 by industry lobby group, the Road Haulage Association.

Premier Foods, one of Britain's biggest food companies, last week called on the government to consider using the army to distribute goods. (Reporting by James Davey; Editing by Kirsten Donovan)

More News
6 Nov 2018 15:59

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 7 November Dairy CrestHalf Year ResultsITVQ3 ResultsMarks 8 9

Read more
9 Jul 2018 12:16

Paulson & Co Ups Stake In Premier Foods To 6% After Deal (ALLISS)

LONDON (Alliance News) - Premier Foods PLC said Monday that Paulson & Co Inc had increased its stake in the food manufacturer to 6.08% after a transaction on Friday.Paulson & Co its

Read more
5 Jul 2018 09:48

Institutional Shareholder Services Backs Premier Foods CEO Darby

LONDON (Alliance News) - Premier Foods PLC said Thursday the Institutional Shareholder Services has recommended that shareholders vote in favour of re-electing current Chief Executive Officer at a

Read more
2 Jul 2018 09:41

Premier Food Stands By Chief Executive Darby As Oasis Wants Him Out

LONDON (Alliance News) - Premier Foods PLC on Monday backed Chief Executive Officer Gavin Darby after shareholder Oasis Management Co Ltd said it intends to vote against his re-election at the in

Read more
21 Jun 2018 16:20

Premier Foods Urges Shareholders To Re-Elect Chief Executive Darby

LONDON (Alliance News) - Premier Foods PLC said Thursday it "has been made aware" of Oasis Management Co Ltds intention to vote against Gavin Darby's re-election as chief executive

Read more
18 May 2018 17:26

Premier Foods Prices GBP300M Senior Secured Notes Offering (ALLISS)

LONDON (Alliance News) - Premier Foods PLC said Friday it has priced GBP300 million senior secured notes due 2023.The offering, whose proceeds will be used to repay the outstanding GBP325 a

Read more
16 May 2018 06:53

Moody's Unmoved On Premier Foods Despite Credit Positive Results

LONDON (Alliance News) - Moody's Investor Service said Tuesday that Premier Foods PLC's results of its most recently ended financial year and its intent to refinance its GBP325 million a a

Read more
15 May 2018 10:29

Premier Foods Annual Revenue Is Strongest In 5 Years, Beat Forecasts

LONDON (Alliance News) - Mr Kipling cakes and Aah Bisto gravy maker Premier Foods PLC said Tuesday its annual revenue, profit and net debt was ahead of market expectations as it reported its in in

Read more
8 May 2018 16:09

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 9 May Coca-Cola HBCQ1 ResultsIAGMay Traffic Statistics (at 1500 Year Year 10 11

Read more
29 Mar 2018 10:59

Premier Foods Says Oasis Board Rep Steps Down; Chairman Buys Shares

LONDON (Alliance News) - Food manufacturer Premier Foods PLC said on Thursday that it will terminate its relationship with investment company Oasis Management Ltd from Friday

Read more
14 Mar 2018 15:20

Premier Foods Reports Retirement Of Nissin Representative From Board

LONDON (Alliance News) - Premier Foods PLC said Wednesday that Non-Executive Director and Nissin Foods Holdings Co Ltd's representative Tsunao Kijima intends to step down

Read more
30 Jan 2017 14:42

Weetabix expands manufacturing capacity, warns of price rises

* To invest £30 mln in UK sites to meet rising demand * Weetabix in talks with retailers about price increases * Moves come as Chinese owner explores sale By Martinne Geller LONDON, Jan 30 (Reuters) - Weetabix, the iconic British cereal brand, is investing 30 million poun

Read more
19 Jan 2017 09:35

BROKER RATINGS SUMMARY: UBS And Credit Suisse Differ On Utility Stocks

Read more
18 Jan 2017 12:15

LONDON MARKET MIDDAY: Soft Pound Supports FTSE 100 But Pearson Falls

Read more
18 Jan 2017 10:29

WINNERS & LOSERS SUMMARY: Profit Warnings Crush Pearson, Premier Foods

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.