Premier Foods announces search for investor

<p>Premier Foods is looking for an investor.</p>

Premier Foods, which owns top brands such as Hovis, has confirmed it is seeking a new investor to come on board.

The company revealed that it wants someone to provide an injection of funding into its bread business in the near future.

However, Premier Foods noted in a statement released today (November 6th) that there is no guarantee it will be able to find the investment it needs.

The firm also revealed that it has appointed financial advisory firm Ondra Partners "to assist in developing investment options for the bread business".

Premier Foods added: "There can be no certainty that a transaction will follow at any point in the future, but the company will provide updates as appropriate."

The share price of the firm is up today on the back of the announcement. At 14:20 GMT, stocks in the company were trading almost four per cent up on the start of the day.

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