Hovis is being positioned for sale, with investment bank Goldman Sachs brought in to seek out buyers, it has been reported.Premier Foods has enlisted the help of the global banking firm to “sound out buyers” for its Hovis brand, according to Sky News. It said bankers have speculated that “it could make sense to sell the Hovis brand and the rest of the bread division to separate buyers”.British Baker confirmed yesterday that Allied Bakeries had won the £75m own-label bread contract lost by Premier Foods – with rumours already mounting that the food group was looking at options to sells its bread business.Earlier this month Premier said that due to the different challenges and opportunities facing its grocery and bread businesses, they would in future be managed as two distinct divisions. For bread, the key focus would be on how to unlock future value for the category, as well as addressing the category challenges faced by the division, said Premier.A spokesperson for Premier Foods acknowledged there had been a number of rumours regarding the potential sale of the Hovis brand, but said the firm could not comment on these reports.
Education, Statement Harrisburg, PA – Governor Wolf released the following statement on PASSHE and APSCUF contract negotiations:“I have monitored negotiations between PASSHE and APSCUF closely and I have had many conversations with both sides. Throughout all of this I have repeatedly urged both sides to continue talking until an agreement is reached.“We must ensure our professors are treated fairly while recognizing PASSHE’s difficult financial situation due to years of underfunding.“There is enough common ground for the two sides to reach a final compromise. Both PASSHE and APSCUF should continue negotiations until a final agreement is reached.“Avoiding a strike is paramount because a work stoppage will be devastating for the state system. Most seriously, a strike could drive a loss of students, which would further exacerbate an already precarious financial situation for the state system. We have to look no further than what happened to Temple University following the faculty strike in 1990. It took years for Temple to recover its student population.“We all agree that the higher education of our students is a top priority, and tomorrow students should show up to class and professors should show up to teach them.”Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf Governor Wolf Statement on PASSHE and APSCUF Contract Negotiations SHARE Email Facebook Twitter October 18, 2016