George Weston – Page 3
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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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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: Morrisons third quarter like-for-like sales rise 5.6% but retail growth slows
On a busy morning, wholesale growth boosts Morrisons’ third quarter sales but core retail sales slow, UK retail sales edge up by just 0.1% in October, ABF posts profit growth despite sugar woes, Greene King CEO steps down and P&H collapse hits profits at Imperial Brands.
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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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NewsMedia Bites 18 April: Majestic Wine, M&S, ABF
Majestic Wine’s plans to invest more in expansion seem intentionally low-risk which has assuaged investors, writes the FT.
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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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Comment & OpinionPolice must protect staff
Sir, I don’t think I have ever read a more depressing feature than the highlighted crisis of shoplifting and assaults
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Analysis & FeaturesAll talk? What can Gove's 'game-changing' council achieve?
The Sector Council is optimistic about Whitehall coughing up cash, but will the new body end up a toothless talking shop?
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NewsCity snapshot: Low sugar prices hold back sales at ABF
Currency tailwinds have boosted revenues at Associated British Foods in the past quarter, but a slump in the sugar business dragged on the Primark owner in the Christmas period. Plus, a (very short) maiden trading update from Bakkavor; Finsbury Food gets back on track in first half; and Science in Sport becomes the official sports nutrition partner of Manchester United
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NewsWheat cost hikes force up Kingsmill prices at the mults
Supermarkets are hiking prices on Kingsmill after Allied warned it could no longer absorb the rising cost of wheat
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Analysis & FeaturesSurging wheat costs set to hit bread prices
Allied Bakeries warned this week it would be forced to pass on losses incurred in the wake of surging wheat cost
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NewsMedia Bites 9 November: M&S, Tesco, Brexit, Christmas adverts
The spotlight falls on Marks & Spencer as the retailer generates acres of coverage after reporting its first half results. Plus, the Tesco trial continues.
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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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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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NewsCity snapshot: ABF scores Brexit boost from weak pound and higher sugar prices
The weak pound and higher sugar prices have boost sales and profits at ABF in the first half. Plus, Tesco sells opticians business to Vision Express, and Heineken updates on first quarter volumes, with UK down on Tesco delisting.
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Analysis & FeaturesPower List 2017: 100 leaders, thinkers and agitators shaping the grocery industry
Why Tesco boss is top for first time since 2011. Read on
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NewsCity Snapshot: 'Super Thursday' brings solid festive updates from Tesco, M&S, Waitrose and more
Tesco has reported UK like-for-like growth of 1.4% in the 19 weeks to 7 January November as market share gains and volume growth boosted sales
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NewsMedia Bites 9 Nov: M&S, ABF, Imperial Brands
The dramatic results of M&S’ strategic review get plenty of coverage this morning as well as results from ABF and Imperial Brands.
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NewsAssociated British Foods prices to rise as pound drives up costs
Associated British Foods is weighing up price rises for its basket of grocery products to ease the pressures of rising costs.