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Associated British Foods



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ABF agrees to buy Ebro's sugar unit

Associated British Foods has reached an agreement to buy the sugar operations of Ebro Puleva, the large Spanish food company, for €385m

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ABF advances in spite of sugar hit

Associated British Foods announced a rise in annual pre-tax profits from £613m to £632m, slightly ahead of expectations, in spite of a £50m impact from...

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M&S and Primark

Two retailers, two very differing fortunes. It was inopportune for Marks and Spencer that Associated British Foods, owner of cut-price clothing retailer Primark, chose...

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AB Foods warns of flat earnings

LONDON (Reuters) - Discount fashion chain Primark defied the downturn with better than expected annual sales, but owner Associated British Foods warned of flat earnings this year.

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Primark sales defy retail gloom

Discount fashion chain Primark reports a 4% growth in annual sales, helping profits at parent firm Associated British Foods.

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Primark bargain hunters help Associated British Foods to 4pc increase in profits

Clothing retailer Primark helped nudge the profits of Associated British food up 4pc this year with shoppers showing a continued appetite for bargain buying as Britain heads for recession.

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AB Foods profit eases 3% on sugar rules, revamp costs

LONDON (MarketWatch) -- Associated British Foods , the sugar producer-to-Primark clothing chain operator, said its annual profit to Sept. 13 dropped 3% to 357 million pounds ($562 million), while revenue rose 21% to 8.24 billion pounds. The company said changes to European Union sugar rules limited adjusted operating profit growth to 7% and would have been 18% if the E.U. rules were the same. The...

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Profits rise to £632m for ‘solid’ Primark

PRIMARK owner Associated British Foods posted impressive annual figures to September 13 today. Sales were up 21% at £8.2bn and adjusted pre-tax profits were ahead 3% at £632m.

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ABF sales up 21% with ‘solid’ Primark input

PRIMARK owner Associated British Foods posted impressive annual figures to September 13 today. Sales were up 21% at £8.2bn and adjusted pre-tax profits were ahead 3% at £632m.

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Europe a bitter pill for sugar groups

News from the UK's big sugar producers - Associated British Foods with full-year figures tomorrow and Tate & Lyle, which is reporting interims on Thursday - coincides...

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AB Foods, Archer Daniels to form N America vegetable oil JV

LONDON (MarketWatch) -- Associated British Foods said Tuesday that it has signed an agreement with Archer Daniels Midland Company to create Stratas Foods, a joint venture for the manufacture, marketing and distribution of packaged oil products in the U.S. and Canada. ABF and ADM will each hold a 50% share in the joint venture. Stratas Foods will serve the foodservice, speciality food ingredient and...

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Talks on hope for Primark

Crisis talks are planned to try and find a use for one of Kidderminster’s largest empty shops after Littlewoods closed nearly three years ago. It is hoped the owners - Associated British Foods - could be persuaded to open a Primark store. Wyre Forest District Council is currently putting together its new blueprint for the town. [...]

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Primark strength to offset ABF's sugar problems

A strong fourth quarter from Primark, Associated British Foods' discount fashion chain, will offset weakness in its sugar business and keep it on track to meet...

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Primark continues to thrive in frugal times

Shoppers still have enough spare to snap up bargain t-shirts, it emerged yesterday, as Associated British Foods revealed that its value clothes store Primark is prospering despite the slowdown in consumer spending.

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Primark sweetens the pill for ABF

GROWTH at Primark, the discount clothing retailer, will help offset falling sugar profits in the rest of Associated British Foods, the group yesterday said.