Pioneer Foods four months revenue up 7.8%, buoyed by UK price inflation in UK

Pioneer Foods said on Friday its turnover increased by 7.8% in the four months to 31 January, primarily driven by price inflation in bread, wheat flour, rice, export fruit and a sound volume growth in these products and breakfast cereals in the UK. The owner of brand names such as Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko and White Star said the overall like-for-like volume growth was two percent, excluding the contribution of the acquired businesses Wellington and Lizi, implying basket inflation of 5.8%.