Archive of all Associated British Foods articles – Page 4
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NewsCity snapshot: Primark closures drive ABF sales and profits plunge despite grocery growth
Associated British Foods has posted a double-digit drop in annual sales and profits as the strong performance of its grocery businesses was unable to fully mitigate the closure of its Primark stores during lockdown.
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NewsCity snapshot: ABF profits boost from rising grocery sales
Associated British Foods has benefitted from a surge in grocery sales during the coronavirus outbreak and better-than-expected trading at Primark in the fourth quarter
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Analysis & FeaturesWhat next for Allied Bakeries after losing the Co-op contract?
Allied has now lost its second bakery supply deal in two years. How can it salvage the situation? Is buying Hovis the answer to its prayers?
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NewsCity snapshot: ABF to reopen all Primark stores by late June
Associated British Foods has announced it will reopen the last of its Primark stores by late June after it was forced to close its 378 retail locations across the world due to the coronavirus pandemic
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NewsKingsmill still struggling despite coronavirus demand
It lost £9.6m as the Covid-19 pandemic took hold – 18.5% of its value
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NewsABF takes £284m coronavirus stock writedown but grocery shows strong profit growth
Associated British Foods has posted a significant fall in first half profits as it was forced to take a £284m writedown on Primark stock, but the rest of its business continues to perform despite the pandemic. Plus, Danone shows solid Q1 growth but withdraws full year guidance and all the rest of the latest news from the City.
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NewsCity snapshot: Associated British Foods warns of impact of Primark European store closures
Associated British Foods has this morning warned the temporary closures of its Primark stores in Italy, France, Spain and Austria could cost £190m in lost sales. Plus The BRC and supermarkets issue public plea over panic buying and all the rest of the latest news from the City.
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NewsABF Christmas sales rise on Sugar recovery
Associated British Foods revenues rose 4% over the crucial Christmas period due to a recovery of Sugar prices and strong Primark trading
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NewsAllied Bakeries’ £2m push aims to reverse falling Kingsmill sales
Starting on 7 October, the activity will centre on Kingsmill’s 50/50 Vitamin Boost variant
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NewsSugar woes dampen ABF’s grocery and Primark growth
Associated British Foods has issued a pre-close trading update, forecasting that earnings will be in line with last year as profit growth in its grocery and Primark businesses was offset by the continued struggles of AB Sugar.
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NewsGrocery and Primark drive nine-month growth for ABF
Associated British Foods has seen a 3% increase in constant currency revenues from continuing businesses across its first three quarters thanks to growth in grocery, Primark and a third quarter improvement in its sugar division.
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Analysis & FeaturesCan Allied Bakeries bounce back from loss of Tesco contract?
Allied is confident it can secure new business, but analysts admit it’s a challenging industry
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NewsAllied Bakeries loses Tesco own-label bread contract
It follows six months of pricing discussions between the grocer and the ABF-owned supplier
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NewsSugar division woes hold back ABF's first half performance
Associated British Foods has posted a 15% drop in first half pre-tax profits as the plunge in margins at its AB Sugar business hit performance.
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NewsCity snapshot: Associated British Foods warns of “tough” retail market
Associated British Foods has warned of the impact of a “tough” retail market on its Primark clothing chain, which experienced “challenging” conditions in November. Plus the FTSE has its worst day since Brexit and all the rest of the latest news from the City.
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NewsAllied Bakeries unveils another Burgen bread revamp
The overhaul follows a redesign in February 2017 – when plans for new variants were put on hold
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NewsABF profit “progress” dragged back by currency and sugar woes
Associated British Foods has issued a pre-close trading update for the year to 15 September, noting that strong profit performance from Primark, grocery and other divisions will be hampered by lower EU sugar prices.
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NewsTwinings publishes full list of its tea suppliers in India
The business has added an online ‘sourcing map’ as part of its Sourced with Care sustainability initiative
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NewsCity snapshot: Low sugar prices temper Primark growth at ABF
Associated British Foods has announced it expects hit full year expectations despite a reduced profit in its sugar division as the group has enjoyed higher margins than expected at its Primark clothing retail business. Plus, Premier Foods and Oasis row continues, World Cup helps positive trading at C&C Group, new non-exec at Ocado and all the rest of the latest news from the City.