Jan 18, 2017
Premier Foods shares slide after profit warning
The UK food manufacturer said its profits would be 10% lower this year due to rising costs. Premier Foods' shares were down more than 15% in early Wednesday trading. The group sold over 216 million mince pies in 2016, 17% more than the previous year. Overall, in the third quarter the company's sales were 1% lower than the same period last year. While branded sales were 3.8% down, non-branded sales were up 11.6%..
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