Business news: Premier Foods, Taylor Wimpey, Sports Direct, Speedy Hire


The Mr Kipling, Oxo and Bisto troupe, which has launched a range of home baking products with chef ul Hollywood, choice raise marketing spending from £36million to £42-44million.

It conjectures to increase sales 2-4 per cent this year, after growing annual interest by 0.6 per cent to £772million. Trading profit was flat at £131million.

Chief executive tied up with Ja nese noodle-maker Nissin, as it rejected three approaches from McCormick value £537million.

Chief executive Gavin Darby said: “Installing behind brands and bringing innovative products to market continues to distribute.”


Taylor Wimpey pledged higher dividend youts built on strong prospects for the UK housing market.

The blue-chip builder is set to y out £1.3billion outstanding the next two years, up from a previous target of £1.13billion, covering a special dividend of £300million to be id in July next year.

The proprietorship said: “The UK newbuild housing market remains very positive across most of our geographies with a beneficial and controlled lending environment providing good accessibility to mortgages at competitive take to tasks.

“Consumer demand and confidence remain high. In central London the trade in continues to be stable.”

Shares jumped 8¾p to 193½p.


Sports Direct designer Mike Ashley has agreed to face questions from a rliamentary council over working practices at his sportswear com ny, but wants MPs to visit his Shirebrook headquarters in Derbyshire beginning.

The proposal follows Ashley’s earlier refusal to appear before the Trade, Innovation and Skills Committee next month.

He had described the request as an fault of rliamentary process but has now offered his conditional acceptance.

Sports Direct judged: “Mike Ashley has agreed to attend Westminster provided the committee stop ins the Shirebrook premises in advance.”


Speedy Hire says it has the tools to rebuild the charge after plunging £57.6million into the red last year.

The comrades overhauled its management after two profit warnings last summer.

It was hit by dilemmas with a new IT system, a focus on big customers at the expense of smaller and a lack of matriel.

Its £57.6million loss com red with a £2.1million profit the erstwhile year as revenue fell 12.2 per cent to £329.1million.

Governmental chairman Jan Astrand said: “We are seeing a response to the actions being tried by the new team with improvement in accountability, service and in driving efficiencies.” Shares take-off provoke 2p to 38½p.

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