Premier Foods ‘no longer basket case’ after £200M spreads sale
date:Aug 24, 2012
remiers disposals, will dilute earnings per share. But Premier claimed the business disposals will unlock further cost cutting, which it expects to ameliorate the bottom line pain in 2013, said Shore Capital.

The analysts said this was a key deal because it representedthe lions share of the disposal proceeds that the business is committed to make in order to comply with the agreement that it has with its financiers.

Ahead of deadline

That deal specified inflows of 330M by June 2014 with 80% (
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