All Associated British Foods articles
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News
Sugar negotiations in turmoil as growers reject latest British Sugar offer
Negotiations are now headed for arbitration
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News
M&S and Tesco among top-tier companies in anti-slavery ranking
The new CCLA benchmark is a tool for investors to understand which companies are actively fighting modern slavery
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News
Defra calls for ‘fairness’ in sugar beet price negotiations amid ongoing dispute
British Suagr has been accused by the NFU of approaching growers directly, in contravention of the established process of price negotiations
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News
Sugar beet price dispute goes to arbitration
British Sugar and the NFU have appointed a professional external facilitator to remedy their dispute
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News
AB World Foods adds Capsicana to its international spice mix
The Patak’s and Blue Dragon owner has expanded its repertoire of international brands with the acquisition of the Latin American sauce challenger
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Analysis and Features
Sugar farmers furious over British Sugar monopsony
Farmers have accused the processor of a ‘greedy abuse of power’
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News
City snapshot: Associated British Foods lifts profit expectations
Associated British Foods has raised its profit forecasts for the year as the grocery and ingredients divisions benefitted from price rises. Plus, Cake Box is upbeat about year ahead as it reports falling profits and Sainsbury’s announces a £15m investment to cut the price of cupboard staples such as rice and pasta.
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News
City snapshot: ABF buys UK milk records firm for £48m
Associated British Foods has announced it will bolt on National Milk Records to its AB Agri arm after agreeing a £48m deal to acquire the UK company. Plus, monthly retail updates from BRC-KPMG and Barclays, and trading updates from Poundland owner PepCo and BAT
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News
City snapshot: Reckitt Benckiser reveals new CEO as it beats Q1 expectations
Reckitt Benckiser has appointed a new CEO to take over from interim boss Nicandro Durante, while revealing a strong start to the year
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News
City snapshot: Nestlé first quarter volumes slip back as price hikes near 10%
Nestlé has reported organic growth of over 9% despite a dip in sales volumes. Plus ABF margins hit by cost inflation, Ocado to shut CFC, trading improves at McBride and all the rest of the latest news from the City
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News
City snapshot: Supermarket Income REIT snaps up Tesco store in £38m deal
Retail property investor Supermarket Income REIT has purchased a Tesco omnichannel supermarket in the Midlands for £38.3m. Plus, embattled THG appoint Sue Farr as senior independent director.
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News
Leaf appoints new CEO following death of founder
Webster will take over the role at the assurance organisation from interim CEO and chair of the board of directors, Philip Wynn
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Promotional Feature
How retailers can prove the origin of their meat
With consumer trust already damaged by the horsemeat scandal, beef suppliers and retailers need a proven means of verifying origin and protecting their hard-earned reputations. Can an ‘Origin Fingerprint’ provide the solution?
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News
City snapshot: ABF issues profits upgrade as inflation steadies
Associated British Foods has lifted its profit forecasts for the year as inflation becomes less volatile and commodity costs start to decline. Plus, DX group reports strong first half
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News
City snapshot: ABF sales jump as commodity costs and inflation ease
Associated British Foods grew revenues by 20% in the quarter encompassing Christmas as it benefited from a less volatile inflationary environment, easing commodity costs and ‘resilient’ consumer spending
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Analysis and Features
How Unilever provided safe haven amid 2022’s stock market storm
Unilever seems a ‘safe haven’, but the turmoil of 2022 was tough for many of the listed players. So who fared best… and worst?
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Comment and Opinion
ABF still searching for the right recipe to turn around Kingsmill owner Allied
Last month Associated British Foods CEO George Weston admitted pricing alone wouldn’t fix the serial underperformance of its bakery arm
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News
City snapshot: ABF says cost inflation remains significant but volatility diminishing
Ahead of its annual general meeting today, ABF has said its outlooking for the current financial year remains unchanged but that the volatility of input costs has begun to ease
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News
M&S names Jeremy Townsend interim CFO as Eoin Tonge heads to ABF
Tonge is officially stepping down from the board on 9 December, with Townsend taking over. He will report to Machin
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News
ABF to push through further grocery price increases
Associated British Foods is planning further price hikes for its range of grocery brands to manage soaring inflation.