Mr. Kipling maker is boosting his spend ahead of Christmas

Mr. Kipling maker is boosting his spend ahead of Christmas ...

Premier Foods (PFD) announced that it will spend the majority of its profits from the first half of the year on its supply chain, with the UK battling a massive hunger and annihilation shortage from cereal to crisps.

The company expected for the six months ending Oct. 2 to the full-year capital expenditure of about 125 million pounds. Premier Foods spent six million pounds in the first half of the year.

In the first half, the British company saw an outstanding capital outflow of 23,2 million pounds, compared to one in 4.5 million pounds a year earlier.

In the half the outflow was partly due to the higher stock levels, before six months ago, the group began to build stock for Christmas, said Premier Foods.

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