Premier tumbles after sell note

Shares in Branston Pickle-to-Oxo stock cube firm Premier Foods hit a record low today amid fears over the firm’s debts and soaring wheat costs.

Premier tumbles after sell note
Fri, 08 Feb, 2008 - 11:41

Shares in Branston Pickle-to-Oxo stock cube firm Premier Foods hit a record low today amid fears over the firm’s debts and soaring wheat costs.

The Hovis bread maker slumped 18% – wiping more than £150m (€201m) off the value of the company – after stockbroker Shore Capital advised clients to sell the stock.

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