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Premier Foods loses ￡75M bread contract
date:Oct 25, 2012
e and will not affect 2012 performance.

Rising wheat costs are adding to the pressure on Premier's bread business.

Ebb and flow

Panmure Gordon analyst Damian McNeela said:There is a degree of ebb and flow to the non-branded bread business and although the margins associated with the lost contract are low it is a larger than average contract and hence the company have disclosed it.

Martin Deboo, analyst with Investec Securities said: While the contract is low margin, it will represent lost c

12/23 07:23