Premier Foods has announced that fourth quarter trading for 2012 was in line with expectations.

The company said its performance during the quarter was “solid”. It added that the growth momentum behind its so-called ‘power brands’ continued to build.

“While the market continues to be challenging, I’m encouraged by the progress we have made in 2012. This provides a solid platform to continue our growth momentum in 2013,” said Premier CEO Michael Clarke.

Premier said it expected its full year results for 2012 to be in line with current market expectations.

Shares in the company rose 2% to 121p in early trading on Thursday.