Alexander Whitehouse
CEO & Director

Welcome to Premier Foods Full year results. That's for the 52 weeks that ended on the 28th of March this year. As always, I'm here with Duncan, our CFO, and what we'll do is usual double act. I'll take us through some highlights. Duncan can then run us through all the financials, and I'll come back and show you the progress we've made against our 5-pillar growth strategy this year.

At least I was hoping that's what I was going to do. So you might remember that we had a really strong quarter 3 and a really strong Christmas, really important period of time for us, of course, with some really strong second half branded growth. Well, that carried on through quarter 4. And actually, quarter 4 branded growth in the U.K. was up 5.1%, and that brought the second half to 5% overall. There's a bit of phasing there from Easter. We had a really strong Easter as well. Easter falls into our quarter 1, but actually, the shipments go out largely in quarter 4. But remember that an early cold Easter is generally good for us because that means more people are eating roast dinners and less people are getting the barbecue out. So an early cold Easter was good, and that helped us as well, and we took quite a lot of market share there as well. And that led us to more profit delivery than we expected. So we raised our guidance after that strong Christmas at the end of Q3, but that