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Pin to quick picksPremier Foods Share News (PFD)

Share Price Information for Premier Foods (PFD)

London Stock Exchange
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Share Price: 167.00
Bid: 166.80
Ask: 167.40
Change: -1.60 (-0.95%)
Spread: 0.60 (0.36%)
Open: 169.00
High: 169.60
Low: 166.20
Prev. Close: 168.60
PFD Live PriceLast checked at -

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FTSE 100 ends flat as insurers overshadow miners boost

Tue, 23rd Jan 2024 17:10

Miners rise after talks of China stimulus

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AB Foods climb after results

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Crest Nicholson up on encouraging outlook

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FTSE 100 flat, FTSE 250 off 0.4%

Jan 23 (Reuters) - The UK's FTSE 100 was little changed on Tuesday as gains in metal miners were offset by losses in non-life insurers, while investors assessed earnings updates and awaited economic data for more clarity on the Bank of England's monetary easing plans.

The blue-chip FTSE 100 index was flat, while the midcap index FTSE 250 slipped 0.4%.

Industrial metal miners were the top gainers, soaring 2.1% in what was their best day in nearly six weeks as most metal prices climbed on a report that Chinese authorities were considering a rescue package for its stock market.

Miners such as Rio Tinto, Glencore and Anglo American rose between 2.2% and 1.8%.

Non-life insurers limited gains, falling 1.8%.

Investors also parsed Christmas trading updates from retailers to see how consumers are faring.

Shares of Premier Foods were down 0.1% even as the food producer reported a 14.4% jump in third-quarter sales, helped by strong festive season demand for its products. The stock touched a more-than-12-year high at market open.

Associated British Foods rose 0.8% after the retailer said it felt more confident of its Primark clothing business delivering an improved adjusted operating margin in the 2023/24 financial year. The unit posted slowing underlying sales growth in the Christmas quarter.

"Coming in the wake of recent positive updates from Next and Marks and Spencer, Primark owner AB Foods had a lot to live up to with its own quarterly trading update today, and it appears to have delivered with a strong performance across most of its business areas," said Michael Hewson, chief market analyst at CMC Markets UK.

Investors await readings on UK business activity as well as consumer confidence later this week to gauge how the British economy is faring and the BoE's interest rate trajectory.

Crest Nicholson fell 1.6%. The homebuilder reiterated its forecast of an encouraging calendar year despite a bigger-than-expected fall in its 2023 profit. (Reporting by Sruthi Shankar and Shubham Batra in Bengaluru; Editing by Mrigank Dhaniwala, Janane Venkatraman and Mark Heinrich)

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(Sharecast News) - Mr Kipling owner Premier Foods said on Thursday that its full-year performance was ahead of expectations and it returned to volume growth in the fourth quarter.

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9 May 2024 15:51

UK earnings, trading statements calendar - next 7 days

Friday 10 May 
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Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
Monday 13 May 
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Cerillion PLCHalf Year Results
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HgCapital Trust PLCQ1 Results
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Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
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Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
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Compass Group PLCHalf Year Results
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Experian PLCFull Year Results
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Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
Marshalls PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Titon Holdings PLCHalf Year Results
TP ICAP Group PLCTrading Statement
Tui AGHalf Year Results
Vertu Motors PLCFull Year Results
Thursday 16 May 
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
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easyJet PLCHalf Year Results
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Vistry Group PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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6 Mar 2024 08:54

Premier Foods jumps on cash flow boost from pension payment suspension

(Alliance News) - Shares in Premier Foods PLC on Wednesday soared after it struck a deal to suspend pension deficit payments sooner than expected.

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6 Mar 2024 07:45

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6 Mar 2024 07:42

Premier Foods to suspend pensions deficit payments early

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