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Wilmar International Announces JV In China With Associated British Foods Plc
Primark UK underlying sales positive in early weeks of H2 - CEO
AB Foods' Primark like-for-like sales negative in Nov - FD
Associated British Foods plc is an international food, ingredients and retail company. The Company's segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses. The sugar segment is engaged in growing and processing of sugar beet and sugar cane for sale to industrial users. The agriculture segment manufactures animal feeds and the provision of other products and services for the agriculture sector. The ingredients segment manufactures bakers yeast, bakery ingredients and enzymes, among others. The retail segment buys and merchandises value clothing and accessories through the Primark and Penneys retail chains.
Mayfair, 10 Grosvenor Street
Michael George Alexander McLintock
Non-Executive Chairman of the Board
George G. Weston
Chief Executive, Executive Director
John George Bason
Finance Director, Executive Director
Paul A. Lister
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UK blue-chips gained on Friday, bouncing back from a near two-month low in the previous session, on optimism over signs of progress in U.S.-China trade talks.
Associated British Foods <ABF.L> on Friday kept its forecast for earnings growth in its 2019-20 year with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain.
Associated British Foods on Friday kept its forecast for earnings growth in its 2019-20 year with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain.
Associated British Foods <ABF.L> forecast earnings growth in its new financial year on Tuesday, with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain.
Fashion retailer Primark's sales were dented by unseasonable weather in May, its owner Associated British Foods said on Thursday.
Associated British Foods said almost zero first half profit from sugar represented the "low water mark" for the business, forecasting an improved performance as prices improve.
Associated British Foods reported flat first-half earnings, reflecting a fall in sugar revenue and profit that was offset by growth in all its other businesses.
Leaving the European Union at the end of March without a deal would be "reckless" for Britain, the finance chief of Primark owner Associated British Foods <ABF.L>, said on Thursday.
Associated British Foods <ABF.L> blamed a fall in shopper numbers and unseasonably warm weather for negative underlying sales at its Primark fashion chain in November, sending its shares lower.
* Sugar production in Britain is expected to fall to 1.05 million tonnes this season, down from the prior season's 1.37 million, Associated British Foods (ABF) said on Tuesday.
Associated British Foods on Thursday maintained its overall guidance for the full 2017-18 year, saying a more negative outlook for its sugar business would be offset by a better performance at its Primark fashion chain.
Associated British Foods on Tuesday reported a 1 percent fall in first-half profit, with a resilient performance at its Primark fashion business offset by a previously flagged reduction in sugar revenues.
Associated British Foods said profit margins at its Primark business are set to benefit from the recent weakness of the U.S. dollar versus the pound, given that the fashion chain sources the majority of its goods in dollars from the Far East.
Primark owner Associated British Foods on Monday forecast first-half profit in line with the same period last year, held back by a previously flagged reduction in sugar revenues.
Primark owner Associated British Foods said on Thursday its chairman Charles Sinclair will retire on April 11 and be succeeded by Michael McLintock, an existing non-executive director at the firm.
* ANNOUNCES THAT CHARLES SINCLAIR, CHAIRMAN, YESTERDAY NOTIFIED HIS INTENTION TO RETIRE FROM BOARD ON 11 APRIL 2018
Primark owner Associated British Foods maintained its full-year earnings guidance on Thursday, reporting quarterly revenue growth in all of its businesses apart from sugar.
Associated British Foods said on Friday it expected a rise in 2017-18 earnings led by its Primark fashion chain.
* ABF, Teamsters national freight industry negotiating committee have agreed to exchange initial proposals on December 18 and 19, 2017
Associated British Foods <ABF.L> cautioned on Tuesday that sugar profits would fall this year, hurt by lower European Union prices, taking the shine off a 20 percent jump in the group's 2016-17 earnings.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.