PFD.L - Premier Foods plc

LSE - LSE Delayed price. Currency in GBp
46.50
-0.25 (-0.53%)
As of 8:00AM BST. Market open.
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Previous close46.75
Open46.75
Bid46.45 x 4305200
Ask46.75 x 329000
Day's range46.50 - 46.75
52-week range35.80 - 46.86
Volume11,257
Avg. volume1,999,258
Market cap390.699M
Beta0.92
PE ratio (TTM)51.67
EPS (TTM)0.90
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date2008-11-26
1y target est44.75
  • 'Confident' Premier Foods activist Oasis doubles down in bid to oust boss
    The Telegraph7 days ago

    'Confident' Premier Foods activist Oasis doubles down in bid to oust boss

    'Confident' Premier Foods activist Oasis doubles down in bid to oust boss

  • Reuters7 days ago

    Activist Paulson reduces holding in Britain's Premier Foods

    (This July 9 story corrects filing to show Paulson reduced (not increased) stake) (Reuters) - Paulson & Co has reduced its overall interest in Britain's Premier Foods Plc (PFD.L) to just over 6 percent ...

  • Reuters - UK Focus7 days ago

    Premier Foods investors square up in CEO re-election battle

    Premier Foods' top shareholder is backing the British company's under-fire CEO, even as second-largest investor and vocal critic Oasis Management nearly doubled its stake to vote against Gavin Darby. The British company and Darby have come under pressure since rejecting a 65 pence takeover bid from U.S. spice maker McCormick & Company two years ago, with the shares having since fallen more than 23 percent to 43 pence.

  • Reuters - UK Focus7 days ago

    (OFFICIAL)-Activist Paulson reduces holding in Britain's Premier Foods

    Paulson & Co has reduced its overall interest in Britain's Premier Foods Plc to just over 6 percent from 7.5 percent, the hedge fund firm led by billionaire investor John Paulson said on Monday. The move ...

  • Reuters7 days ago

    Premier Foods says top shareholder Nissin to back CEO at AGM

    (Reuters) - Premier Foods' largest shareholder Nissin Foods (1475.HK) intends to vote in favour of under-fire Chief Executive Gavin Darby at the company's annual meeting next week, a spokesman for Premier ...

  • Reuters - UK Focus7 days ago

    Premier Foods says top shareholder Nissin to back CEO at AGM

    Premier Foods' largest shareholder Nissin Foods intends to vote in favour of under-fire Chief Executive Gavin Darby at the company's annual meeting next week, a spokesman for Premier said on Tuesday. Premier's ...

  • Reuters - UK Focus7 days ago

    Activist fund Oasis nearly doubles stake in Premier

    Premier Foods investor Oasis Management's fund has nearly doubled its share stake in the company ahead of a shareholder meeting next week at which it has called for the removal of Chief Executive Gavin ...

  • Reuters - UK Focus7 days ago

    Activist Paulson beats drum for Premier Foods management change

    Hedge fund Paulson & Co has urged Premier Foods Plc to replace its chief executive officer, adding to a chorus of calls by investors for the maker of Oxo stock cubes and Mr Kipling cakes to overhaul its management team. "The company desperately needs new management who are willing to put stakeholders' benefits first," Orkun Kilic, a portfolio manager at the New York-based firm, told Reuters on Monday. The hedge fund led by billionaire investor John Paulson said it held a stake of 6.08 percent in Premier Foods (Frankfurt: A1JWNB - news) as of July 6.

  • Shareholders back calls for Premier Foods chief to go
    The Telegraph9 days ago

    Shareholders back calls for Premier Foods chief to go

    Shareholders back calls for Premier Foods chief to go

  • Reuters11 days ago

    Oasis stirs Premier Foods row with Batchelors soup sale demand

    The Oasis call was rejected by Premier, which said it would not sell one of its "jewels", in the latest twist in a proxy fight which has erupted ahead of its annual general meeting of shareholders scheduled for later this month. Premier's board said in an earlier statement it had the backing of a third influential shareholder advisory firm to reappoint chief executive Gavin Darby, who Oasis wants fired. The Hong Kong-based investor said that even on conservative assumptions, selling Batchelors would generate 200 million pounds ($265 million) in proceeds, or more than 60 percent of the company's current market capitalisation.

  • Who will win 'dessert storm' at Premier Foods?
    Sky News12 days ago

    Who will win 'dessert storm' at Premier Foods?

    Ambrosia custard, Bisto gravy, Mr Kipling cakes and Sharwood's mango chutney are all found in millions of British kitchen cupboards - and the company that owns them is at the centre of a furious shareholder row City wags are calling "dessert storm". Premier Foods (Frankfurt: A1JWNB - news) , which also owns Oxo, Batchelors, Angel Delight and Be-Ro, has for the last month been resisting an attempt by its second largest shareholder, the activist investor Oasis Management, to unseat its chief executive, Gavin Darby. Hong Kong-based Oasis, which owns 9.3% of Premier (BSE: 500540.BO - news) , gave up its seat on the company's board in March this year and, last month, said it planned to vote against Mr Darby's re-election as chief executive at its annual meeting on 18 July.

  • Premier Foods’ boss wins more support against bid to oust him
    Evening Standard12 days ago

    Premier Foods’ boss wins more support against bid to oust him

    Premier Foods, the Ambrosia custard-to-Bisto gravy maker, on Thursday won extra support in its effort to fight off an activist investor’s attempt to oust chief executive Gavin Darby. Influential shareholder advisory group ISS has recommended investors vote in favour of re-electing 61-year-old Darby at the firm’s annual meeting on July 18. Its guidance comes despite Hong Kong-based Oasis Management, which owns a 9.3% stake, branding the manufacturer “zombie-like” under Darby.

  • Premier Foods boss wins shareholder adviser backing as activist calls for Batchelors sale
    The Telegraph12 days ago

    Premier Foods boss wins shareholder adviser backing as activist calls for Batchelors sale

    Premier Foods boss wins shareholder adviser backing as activist calls for Batchelors sale

  • Reuters - UK Focus12 days ago

    Oasis stirs Premier Foods row with Batchelors soup sale demand

    Premier Foods investor Oasis Management called on Thursday for the British canned foods maker to sell its well-known Batchelors Soup brand to improve its financial outlook and create funds for investment. The Oasis call was rejected by Premier (BSE: 500540.BO - news) , which said it would not sell one of its "jewels", in the latest twist in a proxy fight which has erupted ahead of its annual general meeting of shareholders scheduled for later this month. Premier's board said in an earlier statement it had the backing of a third influential shareholder advisory firm to reappoint chief executive Gavin Darby, who Oasis wants fired.

  • Reuters12 days ago

    Premier Foods should sell Batchelors Soup brand - activist investor

    The call from one of the company's biggest shareholders comes ahead of an annual meeting later this month at which it has called for the removal of Premier Foods' chief executive Gavin Darby. Oasis has previously said the company's brands were strong and had been mismanaged by the current leadership.

  • Reuters - UK Focus12 days ago

    Premier Foods should sell Batchelors Soup brand -activist investor

    UK canned foods maker Premier Foods (Frankfurt: A1JWNB - news) should hold an open auction to sell off its flagship Batchelors Soup brand in a bid to improve the company's financial outlook, activist investor Oasis Management said on Thursday. The call from one of the company's biggest shareholders comes ahead of an annual meeting later this month at which it has called for the removal of Premier Foods' chief executive Gavin Darby. Oasis has previously said the company's brands were strong and had been mismanaged by the current leadership.

  • Business Wire12 days ago

    Oasis Management: “The Sale of Batchelors Would Enhance Premier Foods’ Profit before Tax and Result in a Significant Share Price Increase”

    The following is a statement by Oasis Management Company Ltd. Oasis Management Company Ltd. (“Oasis”), the largest independent shareholder in Premier Foods plc (“Premier Foods” or “the Company”) with a 9.34% stake, today releases an analysis of the stakeholder and shareholder benefits of Premier Foods selling the Batchelors brand and estimates that a sale would result in a material share price increase (of up to 125%). As a result, Oasis urges the Board of Premier Foods to place Batchelors in an open auction run by an independent investment bank.

  • Reuters - UK Focus12 days ago

    Proxy advisor ISS backs Premier Foods in battle with Oasis

    Proxy advisor Institutional Shareholder Services has recommended shareholders of Premier Foods reappoint chief executive Gavin Darby at an annual general meeting later this month, countering demands from ...

  • Activist investor urges Premier Foods' largest investor not to vote on Darby future
    The Telegraph13 days ago

    Activist investor urges Premier Foods' largest investor not to vote on Darby future

    Activist investor urges Premier Foods' largest investor not to vote on Darby future

  • Reuters13 days ago

    BRIEF-Oasis Says Calls For Nissin Foods To Abstain From Voting For Re-Election Of Premier Foods' CEO Gavin Darby

    July 4 (Reuters) - Oasis Management Co Ltd: * OASIS SAYS CALLS FOR NISSIN FOODS TO ABSTAIN FROM VOTING FOR RE-ELECTION OF PREMIER FOODS' CEO GAVIN DARBY Source text for Eikon: Further company coverage:...

  • Business Wire13 days ago

    Oasis Calls for Nissin Foods to Abstain from Voting for the Re-Election of Premier Foods’ CEO Gavin Darby Due to Substantial Conflicts of Interest

    The following is a statement by Oasis Management Company Ltd. Oasis Management Company Ltd (“Oasis”), the largest independent shareholder in Premier Foods plc (Premier Foods or "the Company") with a 9.34% shareholding, today calls on Nissin Foods Holdings Co., Ltd. (“Nissin”), a 19.56% shareholder, to abstain from voting for the re-election of Gavin Darby (Resolution 5) at the annual general meeting of Premier Foods on 18 July 2018, and to publicly respond to Oasis on these important issues. Oasis is calling for the removal of Gavin Darby as Premier Foods CEO with immediate effect following years of persistent shareholder value destruction, poor financial performance, consistent missed targets, a lack of strategy and weak corporate governance.

  • Activist investor urges Nissin to abstain from Premier Foods CEO vote
    Evening Standard13 days ago

    Activist investor urges Nissin to abstain from Premier Foods CEO vote

    An activist investor trying to oust Premier Foods’ chief executive Gavin Darby on Wednesday ramped up its attack and urged the Mr Kipling cakes maker’s largest shareholder to abstain from voting on his re-election. Hong Kong-based Oasis Management, which owns a 9.3% stake, said Japanese noodle maker Nissin, a 19.56% shareholder, has conflicts of interest. It pointed to a “substantial commercial relationship” between Ambrosia custard firm Premier Foods and Nissin.

  • Retail veterans back Premier Foods boss in war with investor
    Evening Standard14 days ago

    Retail veterans back Premier Foods boss in war with investor

    Retail veterans Mark Price and Lord MacLaurin on Tuesday offered their support to Premier Foods’ chief executive Gavin Darby as an activist investor bids to oust him. The manufacturer issued the document in response to criticism from Hong Kong-based Oasis Management, which owns a 9.3% stake. The investor has called for change “at the now zombie-like Premier Foods under the shocking reign of Gavin Darby”.

  • Reuters15 days ago

    Activist fund Oasis has candidates to replace Premier Foods top boss

    Premier Foods has been under pressure to improve its performance since rejecting a 2016 takeover bid from U.S. food-maker McCormick (MKC.N) and Hong Kong-based Oasis wants to remove Chief Executive Gavin Darby. "Oasis have CEO candidates who have approached us,  have excellent skills and are available immediately," the investor said in an email on Monday. Oasis, Premier's second-largest shareholder with a 9.3 percent stake, raised the heat on the owner of brands including Mr Kipling cakes, questioning Premier's board's culture after its own chairman Keith Hamill called some of the British firm's brands "weak cards".

  • Reuters - UK Focus15 days ago

    Activist fund Oasis has candidates to replace Premier Foods top boss

    Activist investor Oasis Management said it has been approached by candidates for the position of Premier Foods' chief executive, as it steps up its campaign against the firm's management. Premier Foods (Frankfurt: A1JWNB - news) has been under pressure to improve its performance since rejecting a 2016 takeover bid from U.S. food-maker McCormick and Hong Kong-based Oasis wants to remove Chief Executive Gavin Darby. "Oasis have CEO candidates who have approached us, have excellent skills and are available immediately," the investor said in an email on Monday.

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