Premier’s bread division sees revenue plunge

first_imgRevenue contributed from Premier Foods’ Bread division has dropped by 27% in the half-year to 30 June 2012.Its divisional contribution fell from £30.7m in 2011 to £22.5m this year, as branded sales and its milling division took a hit on sales.Branded bread sales fell 2.9% to £184.3m, from £189.7m, while milling sales fell 8.3% to £95.2m.The company’s non-branded bread sales increased 1.5% to £68.8m, but this was not enough to stop Premier’s total bread sales registering a decline (-1.7%).The group’s Power Brands, which include Hovis, saw sales up 2% overall, with the grocery Power Brands achieving a sales rise of 4.9%. Overall group underlying trading profit increased by 3.2%.Michael Clarke, chief executive officer, said: “I’m pleased with the progress we are making to stabilise the business, refocus the portfolio and invest in our future growth. Our strategy of focusing on our Power Brands is starting to gain traction.”He said plans to simplify the business and drive further efficiency and effectiveness were proceeding ahead of plan and the company would deliver the previously announced £40m savings by the end of 2012.last_img read more

Player prices may go down after COVID-19 pandemic — Southampton manager

first_imgThe financial impact of the COVID-19 pandemic could mean a decrease in market value of players when the transfer window reopens, Ralph Hasenhuettl, manager of English Premier League clubside Southampton, has said.Hasenhuettl, while speaking on Monday, however said Southampton were prepared for all eventualities. Professional football had been suspended indefinitely across Europe since March.But countries and leagues were now planning for a return to training and competition without fans in attendance in May or June when restrictions are relaxed.With nine rounds left to be played in the Premier League, the season would spill over into June and possibly July, when the traditional off-season transfer window opened.The Southampton manager said the window could be shorter this year as a result.The Austrian said: “We are prepared. We know that it will be an interesting transfer window, maybe a shorter one. “The surroundings are also changing because the values for the players will go down, I think.“We can’t say what impact this will have on the transfer market, but we are prepared for it and we have the time now to get in contact with everybody.“The good thing is that we all know it will start again and that, step-by-step, we will come back to normality again.“Therefore, you have to be prepared and to use this time now is absolutely helpful.”Tottenham Hotspur defender Jan Vertonghen, on his part, said free agents would be coveted more when the window opened as clubs look to rebound from the financial crisis. Meanwhile, Manchester United chief executive Ed Woodward said clubs would not spend “hundreds of millions” on new signings, even though Hasenhuettl said clubs desperate for new recruits could spend more.Woodward said: “You have to remember that the players we want to sell will also be worth less money.“It has an impact on every club.“In the end, when the transfers are starting, and you have some issues, you will do everything to get the player you want.RelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians “I don’t see the prices dropping that far but the selection would be a more critical one and, therefore, you have to be prepared.”Reuters/NAN.Tags: COVID-19Ed WoodwardManchester UnitedRalph HasenhuettlSouthamptonlast_img read more

‘Can we get Pochettino?’ – Ghanaians react to exit of Black Stars boss Kwesi Appiah

first_imgBring back the love….with Pochettino?Former Spurs boss Mauricio Pochettino might be sought after by Europes biggest clubs but why settle for the easy choice when he could take up a real challenge? ‘Our bet slips are free again’Betting on the Black Stars does take some courage, imagine the number of slips you’ll need to give up in order to almost win something?You figa sey you go dey spoil wanna bet like that … ever since Kwesi Appiah come I no win Bet for Black Stars e back before ….abeg leave na we taya 😑😑 pic.twitter.com/Ei5cPk5ym9— Kofi GOAT 🔥 (@_kofigaza) January 2, 2020The mother of all coachesWith this resumé, it’s surprising he’s still begging for a job…New job opportunity for Kwesi?Fetching the ball doesn’t usually require too many tactics, and this tweeter feels Kwesi Appiah might have missed his calling the first time.Prophet 2020?You usually get one prophecy on the 31st. I bet betters will feel it’s a bit of a waste to use it on this reallyLoyal to the endThere’s always one person who isn’t swayed and remains loyal to the end Kwesi Appiah is no longer the coach of the Black Stars.Ghanaians who were still getting accustomed to being in 2020 certainly did not expect this to be the most used line on social media on Thursday evening.However, following the dissolution of all the technical teams of the national football sides, and despite the fact that a number of other coaches are now without jobs, Appiah’s exit is the most telling.At least, that’s what’s getting the most traction on social media – ‘Kwesi Appiah’ and ‘Black Stars’ are currently two terms in the top five trends on Twitter in Ghana.Despite taking charge of the Black Stars two opening games in their AFCON 2021 qualifying campaign in November, Appiah’s continued stay as head coach of the men’s senior national team had become the subject of much debate.His contract expired in December 2019, but speculation was rife that he had been offered a new contract by the GFA.This earned the ire of some sections of the public who felt that given Ghana’s dismal showing at the AFCON 2019 tournament in Egypt, perhaps a change in management was needed.And from the reaction to his departure on social media, it’s clear this school of thought was one shared by not just a vocal minority.While a few people were just glad to be rid of Appiah, some are already looking to the future.Musical ChairsOne Twitter user is hoping for a bit of a switcheroo in the Black Stars, culminating in fan favourite Michael Essien taking up the top job.Prayers AnsweredOnly apt to give thanks once your prayers have been responded to…New king, new lawNew GFA Boss Kurt Okraku is getting lots of love online for this rather radical callRegretHaving earlier been hopeful of an Appiah masterclass, eating humble pie is something this tweeter doesn’t mindlast_img read more