BusinessCompany NewsNew Northern Foods FD spends 100k on shares

New Northern Foods FD spends 100k on shares

New FD Booker invests in Northern Foods

The new finance chief of
Northern
Foods
has bought £100,000 of shares in the business.
Andrew Booker purchased 200,000 chares at 53.69p, a month into his tenure as
group FD after replacing Jez Maiden.
The Goodfella’s Pizza and MacDougall’s pastry owner recently announced a 6.8%
rise in interim revenues to £468.6m to 27 September.
However profit before tax fell to £16.9 million compared to £20.1m a year
earlier, impacted by currency and pension credit changes; and investment in its
brands.
Northern Foods chief executive Stefan Barden said recent changes at the company
had made it ‘much stronger’.
‘Over the past two years we have created a better balanced and more resilient
business, which is making good progress despite these tough market conditions,’
said Barden.

Further reading:

Hilco agrees to take on £35m more
of Woolworths debt

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