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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
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Share Price: 171.20
Bid: 170.60
Ask: 171.20
Change: 1.20 (0.71%)
Spread: 0.60 (0.352%)
Open: 177.00
High: 177.00
Low: 169.40
Prev. Close: 170.00
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)

More News
24 Jun 2020 08:00

UPDATE 2-UK's baking boom brings in the dough for Premier Foods

* Co sees FY sales, profit ahead of expectations* Expects 20% jump in Q1 sales* Astronomical flour sales - CEO* Shares up nearly 8% (Adds CEO and analyst comments, shares)By Tanishaa NadkarJune 24 (Reuters) - Britain's Premier Foods, maker of OXO s...

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24 Jun 2020 07:57

Premier Foods sees annual results ahead of estimates after 'strong' Q1

(Sharecast News) - Mr Kipling and Bisto owner Premier Foods said on Wednesday that annual revenue and trading profit are set to be ahead of expectations following a strong first quarter, amid a rise in home cooking amid lockdown.

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24 Jun 2020 07:45

LONDON MARKET PRE-OPEN: Crest Profit To Slump; Premier Foods Upbeat

LONDON MARKET PRE-OPEN: Crest Profit To Slump; Premier Foods Upbeat

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17 Jun 2020 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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11 Jun 2020 09:33

UK BROKER RATINGS SUMMARY: Barclays Ups Lancashire To Overweight

UK BROKER RATINGS SUMMARY: Barclays Ups Lancashire To Overweight

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10 Jun 2020 08:26

Premier Foods rallies on report of planned Hovis sale

(Sharecast News) - Premier Foods rallied on Wednesday following a report the company is set to put its Hovis bread brand up for sale later in the year for as much as £150m.

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26 May 2020 15:23

Premier Foods planning note redemption to save on interest

(Sharecast News) - Premier Foods has notified HSBC of its intention to redeem £80m of the £210m outstanding from its senior secured 5.0% plus LIBOR floating rate notes due July 2022, it announced on Tuesday.

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26 May 2020 10:43

Premier Foods Partly Redeems Senior Secured Notes Due July 2022

Premier Foods Partly Redeems Senior Secured Notes Due July 2022

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6 May 2020 11:58

Premier Foods Annual Results Delayed But Still Set To Meet Guidance

Premier Foods Annual Results Delayed But Still Set To Meet Guidance

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20 Apr 2020 17:06

LONDON MARKET CLOSE: FTSE Ends Higher Despite Oil Prices Plummeting

LONDON MARKET CLOSE: FTSE Ends Higher Despite Oil Prices Plummeting

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20 Apr 2020 12:12

LONDON MARKET MIDDAY: Stocks Slip As Caution Lingers; Oil Prices Drop

LONDON MARKET MIDDAY: Stocks Slip As Caution Lingers; Oil Prices Drop

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20 Apr 2020 11:22

Premier Foods Agrees Pension Schemes Merger; Expects Profit Jump

Premier Foods Agrees Pension Schemes Merger; Expects Profit Jump

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20 Apr 2020 10:32

UPDATE 2-FTSE 100 ekes out gains amid oil plunge, earnings worries

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.5%, FTSE 250 down 0.2%* Defensive drugmakers, consumer staples help blue-chip FTSE* Shell, BP slide as U.S. crude futures plunge* Profits for STOXX 600 companies...

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20 Apr 2020 09:41

UK BROKER RATINGS SUMMARY: HSBC Downgrades Prudential And Centrica

UK BROKER RATINGS SUMMARY: HSBC Downgrades Prudential And Centrica

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20 Apr 2020 08:45

Premier Foods strikes pension deal as sales surge

(Sharecast News) - Premier Foods shares jumped after the maker of Mr Kipling cakes struck a deal with its pension trustees and posted a surge in demand for its products during the Covid-19 crisis.

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