Britain's biggest food producer Premier Foods recorded a lower profit on supplementary pension and reformation costs, however expressed that it was on line to churn out its beleaguered cash flow for 2010, waving up its shares by 9 percent.

The FTSE-250 group that had been weighed down by heavy debts mainly due to few of its achievement curtailed its debt heap by 110 million pounds to 1.37 billion pounds.

According to Evolution Securities analyst Warren Ackerman the fact that Premier is conveying on its aim to churn out approx 100 million pounds of free cash flow is a positive.

Premier Foods moves on to endow in its brands and added 6 million pounds to its consumer and in-store promotion expenditure in the reporting period.

According to Chief Executive Robert Schofield they had attained many of the brands and they've been under- finance. So they are attempting to make up for that under-funding now as they reinstate the brands.