date:Mar 07, 2014
great platform on which to execute our category based strategy.
Following the announcement to simplify the Group through the Hovis joint venture, we are now focused on growing a high quality branded Grocery business, with its strong underlying cash flows. While consumer spending trends are currently subdued, we are confident in our expectations for 2014.
The company is refinancing some 1.13bn in order to reduce debt, which commentators estimate will reduce from 831m at the end of December 2013