By Frank Prenesti
Date: Thursday 21 Aug 2025
LONDON (ShareCast) - (Sharecast News) - Premier Foods said it had bought healthy meals brand Merchant Gourmet for an enterprise value of £48m on a cash and debt free basis.
Merchant, which makes ready-to-eat meals from pulses and grains, is expected to generate revenue of £28m in the year to March 2026.
Premier said the company had a "broad consumer base, exceptionally strong repeat rates and established track record of new category expansion".
Reporting by Frank Prenesti for Sharecast.com
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Currency | UK Pounds |
Share Price | 189.40p |
Change Today | 0.40p |
% Change | 0.21 % |
52 Week High | 214.50 |
52 Week Low | 173.60 |
Volume | 3,111,890 |
Shares Issued | 868.80m |
Market Cap | £1,645.50m |
RiskGrade | 174 |
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Strong Buy | 5 |
Buy | 0 |
Neutral | 0 |
Sell | 1 |
Strong Sell | 0 |
Total | 6 |
Latest | Previous | |
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Final | Final | |
Ex-Div | 26-Jun-25 | 27-Jun-24 |
Paid | 25-Jul-25 | 26-Jul-24 |
Amount | 2.80p | 1.73p |
Time | Volume / Share Price |
15:28 | 6 @ 188.00p |
15:28 | 4 @ 188.00p |
15:59 | 307,244 @ 187.60p |
16:23 | 1,037 @ 188.40p |
16:23 | 1,500 @ 188.40p |
CEO | Alex Whitehouse |
CFO | Duncan Leggett |
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