Mr Kipling Still Makes Exceedingly Good Profits ; Manufacturing

Summary

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Hovis bread maker Premier Foods still expects to report a full- year trading profit within the range of market expectations despite significant cost pressures and reduced branded bread volumes.

The group, which also sells Branston pickle and Hartley's jam, reported a three per cent rise in sales for the second-half of 2007, helped by a satisfactory performance over Christmas and good progress by its Mr Kipling cakes business.

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Mr Kipling Still Makes Exceedingly Good Profits ; Manufacturing

The bread market had seen unprecedented change in 2007 with the price of milling wheat more than doubling, said t...

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