Premier Foods eyes new categories after transformative year Premier Foods is eyeing new categories and bolt-on acquisitions while focusing on a new overseas strategy, according to plans revealed alongside results for a full year (FY) described as ‘transformational’ by one analyst.
Chief executive Alex Whitehouse said Premier’s strong financial performance – revenue up 10.3% and operating profit up 60.1% – put it in a great position to expand.
“Using the core skills that we’ve developed in building and driving growth from brands, we’ll be looking to expand into new categories in the UK, broadening our base in the UK, but also scaling up our overseas businesses,” said Whitehouse.
DX Group drives ahead after adding 300 new vehicles to its delivery fleet
A look at the major movers on the London market on Tuesday
DX Group PLC (LON:DX.) has moved higher after delivering expansion news.
The parcels and courier group is up 4.13% or 1.25p to 31.55p after announcing the addition of 300 new vehicles to take its fleet to more than 900 strong.
Chief executive Lloyd Dunn said: [This is] a significant expansion of our fleet, and part of our wider investment programme in the business. The new vehicles support our ambitious growth plans, increasing our capacity and operational efficiency in support of our ambitious growth plans.
Petra Diamonds in demand as gem prices recover
A look at the major movers on the London market on Tuesday
3.08pm: Diamond company sparkles
Petra Diamonds Limited (LON:PDL) has a bit of sparkle after its latest update.
Its shares have added 3.33% or 0.05p to 1.55p after it reported a 16% rise in third quarter revenues to US$106mln, with prices back to to pre-COVID-19 levels.
After the period end it sold what it calls an exceptional 11.82 carat blue stone for US$9.5mln and an exceptional 39.34 carat blue stone was recovered, to be sold via special tender.
A successful capital restructuring saw net debt fall from US$700mln to US$290mln.
DX Group drives ahead after adding 300 new vehicles to its delivery fleet
A look at the major movers on the London market on Tuesday
DX Group PLC (LON:DX.) has moved higher after delivering expansion news.
The parcels and courier group is up 4.13% or 1.25p to 31.55p after announcing the addition of 300 new vehicles to take its fleet to more than 900 strong.
Chief executive Lloyd Dunn said: [This is] a significant expansion of our fleet, and part of our wider investment programme in the business. The new vehicles support our ambitious growth plans, increasing our capacity and operational efficiency in support of our ambitious growth plans.
Primark owner to report a £1.1billion slump in sales
Unlike many competitors, Primark has not been able to trade at all in the UK since stores shut
Updated
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Primark owner Associated British Foods (ABF) is set to unveil a slump in sales and profits after the high street giant was hammered by the latest coronavirus lockdown.