Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Premier Foods Chief Steps Down -- Finspreads


Print article Print article
© Marketwire 2013
2013-01-28 15:53:43 -

LONDON -- (Marketwire) -- 01/28/13 -- Finspreads : ctt.marketwire.com/?release=978937&id=2531071&type=1& .. : Premier Foods, the firm behind well-known brands such as Hovis, Bisto, and Oxo, saw its shares slip during early trading in London today (January 28th), after the announcement of chief executive Michael Clarke's resignation.



The firm revealed that Mr Clarke, who has led Premier Foods for 18 months, would step down from the board with immediate effect.





During his time as chief executive, Mr Clarke oversaw the sale of several brands in order to keep the company's burden of debt around £ 1 billion under control.



Brands to be sold off include the Branston range of pickles and sauces, Robertson's jam, and Sarson's vinegar.



His successor will be former head of Cable & Wireless Worldwide Gavin Darby, who will take up the post on February 4th.



As a result the company's shares have slumped on the market, falling as much as nine per cent during this morning's trading.



At 1135GMT, its shares in London were valued at 110.00p, a retreat of 8.71 per cent.



What is spread betting? : ctt.marketwire.com/?release=978937&id=2531074&type=1& .. Learn more at Finspreads.



About Finspreads:



Finspreads pioneered browser-based spread betting in the UK in 1999 by being the first provider in the industry to offer real time spread betting access via a browser.



Learn how to spread bet with Finspreads : ctt.marketwire.com/?release=978937&id=2531077&type=1& .. through our dedicated education section. Through our Learn to Spread Bet section, you can access a wide range of trading tips and resources.



We also offer an introduction to spread betting section, helping you to understand the financial markets and how they work, as well as spread betting tips for managing your risks and analysing the markets.



Our Learn to Spread Bet section has been designed to help you build up your spread betting expertise so you can start trading across thousands of markets with confidence.



Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.



Add to Digg : digg.com/submit?phase=2&url= www2.marketwire.com/mw/release_html_b1?release_id=978937 Bookmark with del.icio.us : del.icio.us/post?v=4&noui&jump=close&url= www2.marketwire.com/mw/release_html_b1?release_id=978937 Add to Newsvine : www.newsvine.com/_tools/seed&save?u= www2.marketwire.com/mw/release_html_b1?release_id=978937



Press Information:




Contact Person:


Disclaimer: (c) 2014 Market Wire. All of the press releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Market Wire's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com