Archive of all Associated British Foods articles – Page 4
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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.
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NewsLeading tea brands back scheme to improve Assam pickers’ lives
The Ethical Tea Partnership has kicked off its Women, Children and Families in Assam Commitment in partnership with UNICEF, covering 200 estates
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NewsTetley takes on Twinings in cold infusions market
Tetley’s Cold Infusions is positioned as “an affordable range of fruit and herbal infusions developed specially to be brewed in cold water”
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NewsEU sugar quota abolition hits profits at Associated British Foods
Associated British Foods’ sugar arm suffered a first half slump in sales and profits as sugar prices were hit by the abolition of EU quotas.
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NewsCity snapshot: First half pre-tax profits dive 30% at ABF
Associated British Foods has announced pre-tax profit down 30% to £603m on group revenue up 2% to £7.4bn in the 24 weeks to 3 March as profits dived in its sugar division. Plus, Majestic Wine plans to accelerate growth “by materially increasing investment in new customer acquisition” in 2019, a new CFO for Tate & Lyle and all the latest news from the City.
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NewsCity snapshot: Associated British Foods reports sugar and Primark slowdown
Associated British Foods (ABF) has announced it expects to post a first half fall in revenues in its sugar division and a like-for-like sales drop at Primark, though grocery continues to grow. Plus, Hilton Food Group extends Aussie partnership with Woolworths, Tesco and Booker seek shareholder approval for merger this week and all the rest of the latest news from the City.
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NewsUnite warns of ‘bread drought’ if Kingsmill drivers strike
West Bromwich personnel are being balloted in response to a ‘paltry’ pay offer from Allied Bakeries
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NewsHigher sugar prices boost profits at Associated British Foods
Primark owner Associated British Foods has posted a 15% jump in sales and a 22% rise in adjusted operating profits, boosted by a dramatic recovery of profits at AB Sugar and the weakness of the pound.
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NewsDavid Caré joins Wessanen as international sales director
Caré joins from Nando’s, where he was director of international business development
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NewsCity snapshot: ABF buys Italian balsamic vinegar producer Acetum
Associated British Foods has acquired Acetum, an Italian producer of balsamic vinegar of Modena, as it upgrades its full-year earnings forecast due to the weak pound.
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NewsABF buys two sports nutrition companies
Associated British Foods has acquired two UK-based sports nutrition businesses documents at posted at Companies House have revealed. Plus Conviviality’s Diana Hunter takes non-exec roll at investment fund and all the rest of the latest news from the City.
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NewsAssociated British Food profits lifted by higher sugar prices
Profits sweetened in the first six months of the year but ABF warns that benefits of the weak pound will fade in second half.