Premier Foods (PFD)

Sector:

Food

Index:

FTSE Small Cap

43.95p
   
  • Change Today:
    -1.65p
  • 52 Week High: 47.00
  • 52 Week Low: 18.46
  • Currency: UK Pounds
  • Shares Issued: 848.26m
  • Volume: 2,975,037
  • Market Cap: £372.81m
  • RiskGrade: 361

Premier Foods promotes UK MD to top job, appoints former Reckitt FD as chairman

By Michele Maatouk

Date: Friday 30 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Mr Kipling and Bisto maker Premier Foods said on Friday that it was promoting its UK managing director to the role of chief executive and appointing the former finance boss of Reckitt Benckiser as its new chairman.
Colin Day has been appointed non-executive chairman of the company, while Alex Whitehouse has been appointed CEO and a member of the board, both with immediate effect.

The company also announced that Alastair Murray, who was chief financial officer for six years and has been acting chief executive for the past seven months, was leaving the business with immediate effect. Duncan Leggett, group director of financial control and corporate development, will become acting CFO pending a permanent appointment.

The appointments follow the resignation of Gavin Darby as CEO earlier in the year and the departure of chairman Keith Hamill.

Senior independent director Richard Hodgson said: "I am delighted that Colin Day is joining the company as chairman, a role to which he will bring extensive experience at a pivotal time in the company's history. We are also very pleased that Alex Whitehouse, who has led the successful turnaround of our UK business, has accepted the role of group CEO.

"On behalf of the board I would like to thank Alastair Murray for his outstanding contribution to the business, both as CFO and more latterly as acting CEO, and wish him all the best for the future."

At 0940 BST, the shares were up 2.6% at 33.85p.

CMC Markets analyst David Madden said: "The share price has plodded along in recent years, and today's announcement has the potential to be turning point for the group, but the new management need to map out a turnaround plan in order to restore investor confidence."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Premier Foods Market Data

Currency UK Pounds
Share Price 43.95p
Change Today -1.65p
% Change -3.62 %
52 Week High 47.00
52 Week Low 18.46
Volume 2,975,037
Shares Issued 848.26m
Market Cap £372.81m
RiskGrade 361

Premier Foods Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.20% above the market average75.20% above the market average75.20% above the market average75.20% above the market average75.20% above the market average
86.21% above the sector average86.21% above the sector average86.21% above the sector average86.21% above the sector average86.21% above the sector average
Price Trend
80.75% above the market average80.75% above the market average80.75% above the market average80.75% above the market average80.75% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Income Not Available
Growth
9.96% below the market average9.96% below the market average9.96% below the market average9.96% below the market average9.96% below the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Premier Foods Dividends

No dividends found

Trades for 29-May-2020

Time Volume / Share Price
16:53 77,264 @ 43.95p
16:35 2,307,620 @ 43.95p
16:29 43 @ 45.30p
16:29 2,344 @ 45.30p
16:29 812 @ 45.30p

Premier Foods Key Personnel

CEO Alex Whitehouse
CFO Duncan Leggett

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