In early Wednesday trading, shares were down 15 per cent.
The company said six out of its eight major brands gained volume and market share, while its global business grew 15 per cent, its ninth consecutive quarter of growth.
The cost saving scheme would support Premier Foods's goals of improving profit and free cash flow, while also investing in innovation and consumer marketing, the firm said.
Chief executive Gavin Darby said announced a range of efficiency measures expected to save the company £10 million in its next financial year, particularly focused on its warehousing and distribution operations.
The UK food manufacturer said its profits would be 10% lower this year due to rising costs.
Sales in its grocery business fell 1.9 per cent, while sales in its sweet treats arm edged up one per cent - with over 216m mince pies sold in 2016, up 17 per cent on the previous year.
Premier Foods plc (PFD.L) reported Group sales in the third quarter of 251.4 million pounds, 1.0% lower than the same period past year. Branded sales dropped by 3.8% across the quarter, offset by a 13% increase in non-branded sales.
Experts at Jefferies added that Premier's third-quarter sales result was "a disappointing performance", given that it came against weak trading from a year earlier.
The recovery of "significant input cost inflation" is taking longer than originally foreseen, the company said in a statement Wednesday, a reference to price negotiations with grocers brought about by a Brexit-induced slide in sterling.
Premier's shares have been under pressure after a hard 2016 for the group, with its management under fire over its rejection of takeover advances from Schwartz spice United States owner McCormick & Company, commodity price rises and a knock to sales from warmer-than-expected autumn weather. "Consequently, we now expect Trading Profit for FY16/17 to be approximately 10% below previous expectations".
Yad Vashem said research suggests the pendant "was taken, dropped, and remained buried in the ground for over 70 years". This pendant demonstrates once again the importance of archaeological research of former Nazi death camp sites.
It includes allegations that Trump advisers met with high-level Russian officials in the months before the election. Tillerson said the president should be given flexibility to factor in the country's relationship with the U.S.
The Adrenaclick injector is now available at CVS locations nationwide for the cash price of $110 for a two-pack, the company said. Prescription drug prices vary widely because of negotiations between pharmacies, drugmakers and pharmacy benefit managers.
Floyd said, before showing off one of his ridiculously expensive watches as further proof showing how beneath him the offer was. Now Mayweather, 39, has stated in no uncertain terms that he wants to see the fight with the Irishman materialize.
She had gone with Mateen to Orlando when he scouted the club, but she said she did not know the goal of the visit. One official said evidence shows the widow was complicit and was aware her husband was going to commit a crime.
In a Facebook post, Stafford said the government workers were "very respectful and accommodating considering the situation". Because he owns four houses in two counties, Stafford said he was unsure to which address he should register the auto .
SpaceX's effort to recover Falcon first stages is meant to reduce costs by recycling a major piece of the launch system. SpaceX said it will change the way it fuels for now and redesign its pressure vessels in the future.
The man Diaco replaces, Mark Banker, previously had held the highest salary on Riley's staff, making $580,663 this past year. Nebraska went 9-4 in 2016, ranking 21st in yards allowed per game and 31st in points surrendered per contest.
Apple MacBook Pro will get 32GB RAM, 7th-gen i7
He also added that the Apple 12inch Macbook will be the first to get the processor followed by the 13inch and 15inch model. With such an offering, the MacBook Pro can regain the trust of the consumers but it will be a slow process.
Bank of America Posts Lukewarm Results
The only negative we see here are the higher provisions for net charge-offs, which grew by $400 million year on year. On an adjusted basis, revenue was $20.22 billion , less than the $20.85 billion analysts had been expecting.
What Donald Trump thinks about civil rights icon John Lewis
Trump also used racially freighted language when he said that Lewis' Atlanta district was "crime infested" and "falling apart". Three of New York's congressional Democrats slapped back at the Twitter bombs lobbed by President-Elect Donald Trump at Rep.
Costa missing from Leicester match
Because of a reported dispute with manager Antonio Conte and his staff, Costa did not travel with the club to Leicester . But I think here he was more able to play better than [at] Chelsea .
USA ending 'wet foot, dry foot' policy for Cubans
The termination of these policies continues the Obama administration's steps to normalize diplomatic ties between both countries. The Cuban government has always opposed "wet foot, dry foot", arguing that the policy encouraged people to leave.
Marine Le Pen spotted at Trump Tower and no one knows why
Lombardi lives in Trump Tower, and was described in a Politico Europe article a year ago as "Trump's European fixer". There's also a possibility that Marine Le Pen's visit is linked to Donald Trump's chief strategist Stephen Bannon.
Alpha Centauri Hidden Planets Sought
The upcoming European Extremely Large Telescope (E-ELT) is created to detect and study potentially habitable planets. Astronomers look at stars through the mid-infrared wavelength range to help tamp down the brightness from the star.