focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

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: 170.00
Bid: 169.00
Ask: 170.80
Change: 1.40 (0.83%)
Spread: 1.80 (1.065%)
Open: 169.00
High: 174.80
Low: 162.60
Prev. Close: 168.60
PFD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FTSE 100 ends flat as insurers overshadow miners boost

Tue, 23rd Jan 2024 17:10

Miners rise after talks of China stimulus

*

AB Foods climb after results

*

Crest Nicholson up on encouraging outlook

*

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
7 Jun 2021 17:48

IN BRIEF: Premier Foods closes offering of senior secured notes

IN BRIEF: Premier Foods closes offering of senior secured notes

Read more
24 May 2021 11:14

Shore reiterates 'buy' rating on Premier Foods

(Sharecast News) - Shore Capital has reiterated its 'buy' recommendation on Premier Foods and upped full-year profits forecasts following a string of positive announcements from the owner of Mr Kipling.

Read more
24 May 2021 09:42

BROKER RATINGS: SocGen downgrades Britvic; Peel Hunt raises Biffa

BROKER RATINGS: SocGen downgrades Britvic; Peel Hunt raises Biffa

Read more
24 May 2021 09:16

UPDATE 2-Consumer discretionary, oil stocks pull FTSE 100 higher; Cineworld rises

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Cineworld rises as crowds return to cinemas after UK lockdown* Premier Foods climbs after brokerages raise target price* FTSE 100 up 0.5%,...

Read more
21 May 2021 17:19

Premier Foods ups profit guidance after pricing 2026 fixed notes

Premier Foods ups profit guidance after pricing 2026 fixed notes

Read more
21 May 2021 17:17

DIRECTOR DEALINGS: PageGroup CEO and Schroder chair sell shares

DIRECTOR DEALINGS: PageGroup CEO and Schroder chair sell shares

Read more
19 May 2021 13:31

Wednesday broker round-up

(Sharecast News) - Ferguson: Berenberg upgrades to hold with a target price of 8,400p.

Read more
19 May 2021 09:24

TOP NEWS: Premier Foods to pay first dividend since 2008 as profit up

TOP NEWS: Premier Foods to pay first dividend since 2008 as profit up

Read more
19 May 2021 08:03

Premier Foods hails 'outstanding' year, reinstates dividend after 13 years

(Sharecast News) - Mr Kipling owner Premier Foods said on Wednesday that it was reinstating its dividend after 13 years as it hailed an "outstanding" year, underpinned by more at-home food consumption during the pandemic.

Read more
12 May 2021 16:06

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
19 Feb 2021 10:01

Premier Foods Non-Exec Shinji Honda Leaves, Yuichiro Kogo Replaces

Premier Foods Non-Exec Shinji Honda Leaves, Yuichiro Kogo Replaces

Read more
18 Feb 2021 09:04

Premier Foods To Repay Further GBP30 Million Of Notes Due July 2022

Premier Foods To Repay Further GBP30 Million Of Notes Due July 2022

Read more
18 Feb 2021 08:12

Premier Foods repays another £30m of senior secured floating rate notes

(Sharecast News) - Food manufacturer Premier Foods has repaid a further £30.0m of its senior secured floating rate notes thanks to a period of continued "strong trading performance" and cash generation.

Read more
16 Feb 2021 09:40

Virgin Wines Plans March AIM Float Amid At-Home Wine Buying Surge

Virgin Wines Plans March AIM Float Amid At-Home Wine Buying Surge

Read more
22 Jan 2021 09:32

LONDON BROKER RATINGS SUMMARY: Deutsche Bank Ups British Land, Landsec

LONDON BROKER RATINGS SUMMARY: Deutsche Bank Ups British Land, Landsec

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.