Mr Kipling maker plans price cuts as cost inflation eases

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Mr Kipling and Ambrosia maker Premier Foods has said it will start reducing prices across some of its products after witnessing falling cost inflation. We see more growth potential to come from organic development in the UK, increased distribution in its international markets, as well as the eventual cash flow benefit from pension contributions falling out Shore Capital Premier said its future sales growth would also be boosted by its recent acquisitions. “With a strong first half behind us, a good start to quarter three and exciting plans for the rest of the year, we are again raising our trading profit expectations for full-year 2023/24, following our previous upgrade earlier this year.” Analysts at Shore Capital said: “We are pleased to once again record a very good overall trading performance from Premier, noting upside to come from any improvement in its branded sweet treats activity over the next 12-18 months. However, we also see more growth potential to come from organic development in the UK, increased distribution in its international markets, as well as the eventual cash flow benefit from pension contributions falling out.”