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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: 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)

More News
20 Jan 2022 12:01

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

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20 Jan 2022 09:57

Premier Foods lifts profit guidance as Mr Kipling trades strongly

Premier Foods lifts profit guidance as Mr Kipling trades strongly

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20 Jan 2022 09:54

UPDATE 2-Oil stocks, GSK weakness pull FTSE 100 lower; Deliveroo jumps

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deliveroo fourth-quarter order growth jumps* Premier Foods top midcap gainer on strong profit outlook* Unilever abandons plan to buy GSK's ...

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20 Jan 2022 09:01

LONDON MARKET OPEN: Glaxo down as Unilever refuses to up consumer bid

LONDON MARKET OPEN: Glaxo down as Unilever refuses to up consumer bid

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20 Jan 2022 08:06

UPDATE 1-Mr. Kipling maker Premier Foods sees annual earnings above estimates

(Adds detail on Q3 results, CEO, analyst quotes, background)Jan 20 (Reuters) - Premier Foods expects its full-year profits to come in above market expectations, the group said on Thursday, as its trademark Mr Kipling brand delivered its best-ever ...

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20 Jan 2022 08:06

UPDATE 2-Exceedingly good Christmas for Mr Kipling cakes spurs Premier Foods' outlook

* Premier Foods raises FY expectations* Shares up 6.7%* Q3 sales rise 7% from pre-pandemic levels in 2019 (Adds shares, background)By Muhammed HusainJan 20 (Reuters) - Premier Foods, the maker of Mr Kipling and Cadbury cakes, said on Thursday its a...

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20 Jan 2022 07:47

LONDON MARKET PRE-OPEN: AB Foods reports strong margins at Primark

LONDON MARKET PRE-OPEN: AB Foods reports strong margins at Primark

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20 Jan 2022 07:43

Mr Kipling owner Premier Foods lifts FY profit expectations

(Sharecast News) - Premier Foods said on Thursday that full-year profit was set to be above market expectations after three strong quarters of trading and after the Mr Kipling brand enjoyed its "biggest ever" Christmas.

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20 Jan 2022 07:25

UK's Premier Foods sees annual earnings above expectations

Jan 20 (Reuters) - Premier Foods expects its full-year profits to come in above market expectations, as its trademark Mr Kipling brand delivered its best-ever Christmas sales after consumers splurged during the festive season.The company said it e...

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13 Jan 2022 14:52

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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16 Nov 2021 09:33

Premier Foods interim profit falls on reduced pandemic demand

Premier Foods interim profit falls on reduced pandemic demand

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16 Nov 2021 08:13

Premier Foods H1 profit falls as lockdown benefit fades

(Sharecast News) - Mr Kipling and Oxo owner Premier Foods reported a decline in first-half profit and revenue on Tuesday as the benefit of lockdowns faded, with people eating out more as restrictions were lifted.

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9 Nov 2021 14:48

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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29 Oct 2021 11:18

Premier Foods introduces new sustainability strategy "enriching life"

Premier Foods introduces new sustainability strategy "enriching life"

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29 Oct 2021 09:02

Premier Foods launches new ESG strategy

(Sharecast News) - British food manufacturer Premier Foods said on Friday that it will be launching a new environment, social and governance strategy, with the group making a series of major sustainability commitments.

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