Regulation

Regulation

The battle to sketch the new face of global banking

Private banking CIO outlook 2015

Private banking CIO outlook 2015

Top CIOs from around the globe discuss the risks and surprises facing the wealth management industry today

Premier Foods: Capital raising has new flavour

Premier Foods seeking approval for rights issue and placement.


The equity capital markets will soon test a new type of capital raising for UK corporations. Premier Foods, the Branston pickle to Cadbury chocolate producer, is being touted as the first company to seek shareholder approval for a concurrent rights issue with a large-scale placement to one or more private equity investors.

Premier is the classic good business with a bad balance sheet. Even in these straitened times, Britons apparently continue to comfort themselves by chewing on loaves of toasted Hovis bread and hoovering down sickly sweet bowls of Angel Delight. The company expects sales for 2008 to be 9% ahead of those in 2007, with growth in the second half coming in at 10%, driving a trading profit for the year of between £315 million...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.




SPONSORED ARTICLES

How to hedge risks in international trade

Sponsored by Nordea

How to hedge risks in international trade

Sub-Saharan Africa oil industry faces crude reality

Sponsored by FBN Capital

Sub-Saharan Africa oil industry faces crude reality

Is there life in MENA at $50 a barrel?

Sponsored by EFG Hermes

 

Is there life in MENA at $50 a barrel?