Archive of all Associated British Foods articles – Page 2
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NewsCity snapshot: Associated British Foods delivers better-than-expected profits
Profits at Associated British Foods have beaten market forecast thanks to margin recovery at Primark and “good growth and strong profitability” in the food division. Plus, interims from Distil, a trading update from Hilton Food Group, Q3 results from Coca-Cola Europacific Partners and the latest retail sales data from the BRC and spending report from Barclays
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NewsHovis set to take on Kingsmill 50/50 with ‘White N’ Fibre’ loaf
The baker has applied to register the name as a trademark with the IPO
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NewsCity snapshot: ABF issues warning over Primark sales and sugar profits
ABF blamed unfavourable weather in the UK and Ireland, which resulted in lower volumes of seasonal lines
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NewsBritish Sugar and NFU agree on sugar beet contract for 2025/26 season
The quick resolution to negotiations was hailed by both parties – who were at loggerheads last year in talks over the current season’s prices
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Promotional FeaturesHow provenance and quality are influencing food and drink purchase decisions
With British consumers increasingly seeking reassurance and transparency on the origins and production of their food and drink, a study in Wales has highlighted how important this has become – and how it translates back down the chain to the country’s producers.
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NewsABF shares rise on back of strong growth in food and sugar
Shares of food and retail conglomerate Associated British Foods rose this week on the back of solid growth in its food and sugar arms
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NewsSugar beet growers and British Sugar finally agree supply contract
The two parties had been locked in an increasingly acrimonious negotitation since May
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NewsSugar negotiations in turmoil as growers reject latest British Sugar offer
Negotiations are now headed for arbitration
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NewsM&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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NewsDefra 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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NewsSugar 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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NewsAB 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 & FeaturesSugar farmers furious over British Sugar monopsony
Farmers have accused the processor of a ‘greedy abuse of power’
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NewsCity 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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NewsABF 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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NewsCity 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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NewsCity 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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NewsCity 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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NewsLeaf 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 FeaturesHow 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?