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Exceedingly high costs for Premier Foods

Exceedingly high costs for Premier Foods

Premier Food’s (PFD) dramatic swing into a statutory pre-tax loss for FY2019 is likely to raise a few eyebrows. Having fallen foul of anti-discrimination rules governing pension equality, a £41.5m charge arrived at a time when the group is wrestling high debt, restructuring the business, and having written down the value of its Sharwood's and Saxa brands to the tune of £30.6m.

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