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Rising costs hit margins at Cranswick in the past six months, the pork supplier confirmed yesterday. The Tesco and Sainsbury’s supplier said pre-tax profits for the six months to 30 September were down from £23.8m last year to £18.5m.
The banks propping up Premier Foods have agreed to postpone a crucial test of the manufacturer s finances. Premier today said it had struck a deal with its lenders to postpone the test from 31 December to 31 March next year buying further time for a refinancing deal ...
Premier Foods chief operating officer Tim Kelly is to leave the company following a management reshuffle.
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