Mr Kipling maker's shares in exceedingly sharp fall as profits sliced

Premier Foods, which also owns Ambrosia and Oxo, blames post-Brexit-vote slide in pound and rising commodity prices Shares in Premier Foods, the maker of Mr Kipling cakes, Ambrosia rice pudding and Oxo stock cubes, have fallen sharply after it warned profits would be hit by rising costs linked to the fall in the pound since the Brexit vote. After a tough quarter in the run-up to Christmas, Premier said annual trading profits would be 10% lower than previously expected. City analysts had pencille