Archive of all Associated British Foods articles – Page 7
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Kingsmill helps ABF shrug off sugar slump as sales soar 21%
An "enormously encouraging" improvement at its Allied Bakeries subsidiary capped a strong performance by manufacturing giant Associated British Foods - to offset increased costs at its European sugar business.
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Associated 'on track' but debt grows
Associated British Foods has said its end of year results, set to be published in November, will be in line with expectations, although the consumer products giant expects its total debt to rise "substantially". The company said its grocery arm - owner of brands including Ryvita and Blue Dragon ...
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Family connections behind Ryvita deal
Jordans, the cereal company, said it chose to merge with Ryvita because of the family values of its owner Associated British Foods (ABF).The two brands combined this week in a cashless deal that gave ABF 62% ownership of the new venture,...
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Jordans and Ryvita to merge
Cereals business Jordans is to merge with Associated British Foods' Ryvita business.Associated British Foods, which took a 20% stake in Jordans last year, will have a 62% interest in the combined business, with the balance held by the...
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Associated British Foods results expected
Associated British Foods is expected to post a pre-tax profit of around £282m, up from £268m, when it unveils its half-year results tomorrow (Tuesday).Analysts are expecting strong performances from its grocery business, British Sugar unit...
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ABF names world food team bosses
Associated British Foods has announced the senior management team for its newly created world foods business.AB World Foods brings together ABF's G Costa division, which has brands including Blue Dragon, and Patak's, which it bought last...
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Twinings aims to boost share of speciality tea
Premium tea brands Twinings and Jacksons of Piccadilly are expanding their ranges with moves into organic and Fairtrade respectively.The two brands, both owned by Associated British Foods, are introducing the new options this month in an...
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Bread's going out of fashion for ABF
Asale to Warburtons or Premier is surely out of the question without a lengthy and potentially damaging investigation. But despite official denials, a well-placed source has confirmed that Associated British Foods is in "exclusive, confidential...
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ABF buys Jordans stake
Associated British Foods is to buy a 20% stake in cereal manufacturer Jordans.The food giant will acquire the share capital from the founding Jordan family, which will continue to control the business.The Jordans product range...
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ABF's wisdom curries favour with Patak's
Associated British Foodshas beaten off competition from bigger rivals to buy Patak's this week.The deal was estimated to be worth more than £100m, and City analysts believe owner Kirit Pathak could also receive an extra £90m over the...
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AB Foods shares rise
Shares in Associated British Foods rose 6.5p to finish on 932p yesterday after the group revealed it had acquired Indian food company Patak's in a deal thought to be worth more than £100m.The deal includes the Patak's brand and assets in all...
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Associated British Foods acquires Patak's
Associated British Foods has acquired Indian food company Patak's from the founding Pathak family for an undisclosed sum.The deal includes the Patak's brand and assets in all countries except India and completion is subject to a number of...
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The greening of major suppliers
Associated British Foods: The company is building a bioethanol plant in Norfolk that will process sugar beet into 55,000 tonnes of bioethanol each year, providing a sustainable energy source for more than one million cars. Cadbury...
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Sugar regime hits AB Foods
Associated British Foods has warned that profit at its European sugar businesses will continue to be hit by changes to the EU sugar regime.Full-year operating profit to 16 September at its primary food business, which includes its sugar...
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Suppliers act to cut carbon emissions
Four of the country's biggest suppliers launched major bids this week to ramp up their green credentials.Cadbury Schweppes, PepsiCo, Coca-Cola Enterprises and Associated British Foods announced programmes to cut their carbon emissions...
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Hughes runs RHM logistics
Mark Hughes is RHM's new group procurement and logistics director, replacing Gerry Walsh, who moved to Associated British Foods.Hughes was previously divisional director for RHM's bread bakeries division, where he was responsible for the...
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ABF to acquire Illovo Sugar
Associated British Foods has announced a recommended offer to acquire 51% of Illovo Sugar, the largest cane sugar producer in Africa.ABF said that it would support Illovo's plans for capacity expansion and development in its African...
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ABF and Cargill complete JV business
Associated British Foods (ABF), the international food, ingredients and retail group, has announced it has completed an agreement to form a standalone joint venture UK business between its arable business, Allied Grain, and Banks Cargill...
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Associated British Foods reports satisfactory trading
In a trading update prior to the announcement of its interim results, Associated British Foods has said that results to the six months to March 5 were satisfactory and in line with its expectations for the year.In the last financial year the...
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ABF and Cargill JV created
International food and ingredients group Associated British Foods (ABF) is to form a joint venture arable business in the UK between its arable business Allied Grain and Banks Cargill Agriculture (BCA), a subsidiary of Cargill. Allied Grain...