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    Bisto owner plans Brexit stockpile.

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    papa_umau
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    Bisto owner plans Brexit stockpile.

    Post by papa_umau on Tue 13 Nov 2018, 12:20 pm

    Premier Foods has said it intends to stockpile raw materials in the run-up to Brexit as fears grow over gridlock at UK ports.

    The firm, which owns Bisto, Oxo and Mr Kipling, said it was taking steps "in the absence of certainty over the arrangements for the UK's departure from the EU".

    Premier Foods said it expected to spend up to 10m on the preparations.

    It also hopes to sell its Ambrosia custard and creamed rice business.

    It said it was having "discussions with third parties regarding the potential disposal" of the brand, as well as the factory in Devon where the products are made.

    Premier Foods said it had seen lower sales of custard products because of the hot summer and had reduced its promotional investment in the brand.

    The company's shares were up more than 2% in Tuesday morning trading.

    Read more on this article from The BBC News HERE




    I am not one bit surprised that companies are starting to stockpile products in the face of a Brexit crash, as the ongoing worry is bound to trigger acts like this.

    They keep saying "soon" but we have waited a very long time for the negotiations to come up with anything solid.


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    zathrus
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    Re: Bisto owner plans Brexit stockpile.

    Post by zathrus on Thu 15 Nov 2018, 12:32 pm

    I am not one bit surprised at that, as any businesses that deal with imported materials, especially food, could get caught out if there is no deal made with The EU very soon.
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    papa_umau
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    Re: Bisto owner plans Brexit stockpile.

    Post by papa_umau on Fri 16 Nov 2018, 1:07 pm

    It's getting closer, but we may find that if the plan is not accepted by the parliament or by the EU negotiators, it could still go to a no-deal finish.

    If it did, at least we would then know where we stand.


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    Angie baby
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    Re: Bisto owner plans Brexit stockpile.

    Post by Angie baby on Sat 17 Nov 2018, 11:50 am

    If Theresa May's plan is not accepted by the parliamentary vote we are going to find ourselves in a lot of trouble.
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    papa_umau
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    Re: Bisto owner plans Brexit stockpile.

    Post by papa_umau on Sun 18 Nov 2018, 12:22 pm

    She managed, even after four resignations, to get it through the cabinet, but the vote in the commons might not be so easy unless Labour vote with her too.


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