The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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: 168.60
Bid: 167.40
Ask: 167.60
Change: 3.60 (2.18%)
Spread: 0.20 (0.119%)
Open: 161.00
High: 168.60
Low: 161.00
Prev. Close: 165.00
PFD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Bring in the army: Food group's call to relieve UK lorry driver crisis

Fri, 02nd Jul 2021 13:30

(Adds government spokesperson comment)

LONDON, July 2 (Reuters) - Premier Foods, one of
Britain's biggest food companies, has called on the government
to consider using the army to distribute goods to help relieve a
severe shortage of truck drivers.

Last week industry leaders warned Britain could face gaps on
supermarket shelves this summer and an "unimaginable" collapse
of supply chains after the pandemic and Brexit led to a shortage
of more than 100,000 heavy goods vehicle (HGV) drivers.

At a meeting on Monday between officials from the Department
for Environment, Food & Rural Affairs (DEFRA) and food industry
representatives, Premier Foods' delegate asked the government to
consider using the army to distribute supplies, given that some
military personnel hold HGV licenses.

Details of the meeting were first reported by ITV News.

“This was one of many ideas put forward in an industry
brainstorming session," a spokesman for Premier Foods, which
owns brands including Mr Kipling, Bisto, Ambrosia and Paxo, said
on Friday.

"At Premier Foods, we have plans in place to manage the
situation within our supply chain.”

A spokesman for Britain's Ministry of Defence said it had
not received a formal request to provide support. A government
spokesperson later said: "There are no plans to use military
personnel in this scenario."

At the DEFRA meeting Chris Hall, head of logistics at Asda,
Britain's third largest supermarket group after Tesco
and Sainsbury's, said the grocer was "just about
keeping our head above water".

He warned however that any spike in demand this summer would
"give us significant challenges and disruption".

Industry lobby group the British Retail Consortium (BRC)
said the fall in HGV driver numbers has resulted in minor
disruption to some supply chains.

"Supermarkets are working closely with their suppliers to
ensure that consumers still have access to the same great
selection of goods," said Andrew Opie, the BRC's director of
food & sustainability.

"The government must rapidly increase the number of HGV
driving tests taking place while also looking for a longer-term
solution to this issue."

The government has said most of the solutions are likely to
be commercial and from within industry.
(Reporting by James Davey
Editing by Jan Harvey)

More News
17 Jun 2020 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
11 Jun 2020 09:33

UK BROKER RATINGS SUMMARY: Barclays Ups Lancashire To Overweight

UK BROKER RATINGS SUMMARY: Barclays Ups Lancashire To Overweight

Read more
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.

Read more
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.

Read more
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

Read more
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

Read more
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

Read more
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

Read more
20 Apr 2020 11:22

Premier Foods Agrees Pension Schemes Merger; Expects Profit Jump

Premier Foods Agrees Pension Schemes Merger; Expects Profit Jump

Read more
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...

Read more
20 Apr 2020 09:41

UK BROKER RATINGS SUMMARY: HSBC Downgrades Prudential And Centrica

UK BROKER RATINGS SUMMARY: HSBC Downgrades Prudential And Centrica

Read more
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.

Read more
20 Apr 2020 08:19

UPDATE 2-Premier Foods reports sales boost as shoppers stock up in lockdown

* Says volumes spiked in March* Fourth-quarter sales expected to be up about 3.6%* Agrees segregated merger of its pensions schemes* Shares up 22% (Adds detail and background, updates shares)By Tanishaa NadkarApril 20 (Reuters) - Mr Kipling cakes ma...

Read more
20 Apr 2020 08:19

UPDATE 2-Premier Foods reports sales boost as shoppers stock up in lockdown

* Says volumes spiked in March* Fourth-quarter sales expected to be up about 3.6%* Agrees segregated merger of its pensions schemes* Shares up 22% (Adds detail and background, updates shares)By Tanishaa NadkarApril 20 (Reuters) - Mr Kipling cakes ma...

Read more
17 Apr 2020 10:27

UK BROKER RATINGS SUMMARY: Barclays Lowers Whitbread And Raises IHG

UK BROKER RATINGS SUMMARY: Barclays Lowers Whitbread And Raises IHG

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.