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Premier Foods’ disposals 'essential' to service debt
date:May 24, 2012
by December 2013,they said. It would also dilute earnings per share (EPS) by 21%.
Although Premiers new banking facilities gave it time to improve trading, Jones and McNeela warned: The company still has a mountain to climb.


330M of disposals


Premier has committed to 330M of disposals proceeds by June 2014. This is close to our estimate for the sale of three factories Histon, Knighton and Middleton and a raft of brands, said the analysts.


But even allowing for a further 20M of cost savi

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