13th May 2016 05:42
LONDON (Alliance News) - The Financial Conduct Authority is understood to be probing suspicious share trades made ahead of wild fluctuations in the share price of food company Premier Foods PLC, Sky News reported.
The City regulator has written to the company and its advisers in recent days to inform them it will seek a review into trading activity in Premier's stock.
The focus is understood to be on the period earlier this year when Premier, which owns Mr Kipling cakes and Oxo gravy, was the subject of an ultimately failed takeover approach from US spices and flavourings maker McCormick & Co Inc.
http://news.sky.com/story/1695147/fca-probes-mr-kipling-owner-share-trades
By Sam Unsted; [email protected]; @SamUAtAlliance
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