Coronavirus latest: Moderna jab safe to use for adolescents, says European Medicines Agency

Premier Foods, the maker of Mr Kipling cakes and Oxo cubes, generated quarterly sales beyond its pre-pandemic levels but fell short of its coronavirus-driven revenue a year ago when its customers were kept at home.

The group now forecasts its adjusted full-year profit before tax will be at the top of its expectations.

Its shares rose nearly 4 per cent in early London trading on Friday, improving its gains in the past 12 months to 28 per cent.

First-quarter group sales rose 6.3 per cent, better than the FTSE 250 group’s 5-6 per cent expected range, when compared with the same period two years ago, Premier Foods said in a trading update on Friday.

Sales at the provider of old-fashioned grocery staples however fell 13.2 per cent in the 13 weeks to July 3 from the same period a year ago, “when UK households consumed the majority of their meals at home”, the update said.

The pandemic has helped Premier turn round its business, which had been battling…

Read more…