Archive of all Associated British Foods articles – Page 4
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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.
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NewsTwinings names Claire Hodge as UK managing director
She will replace Liam McNamara on 1 January
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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.
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NewsAssociated British Foods nudges up guidance on weakening pound
Associated British Foods expects its performance for the year to 27 February to be marginally better than previously indicated given the recent weakening of the pound.
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NewsABF's quarterly revenues up 3% at constant currency
Associated British Foods (ABF) has reported a 3% uptick in group revenue in the 16 weeks to 2 January at constant currency, but revenues fell by 2% behind at actual exchange rates.
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NewsCurrencies and sugar woes hit ABF’s full-year trading
Associated British Foods hasreaffirmed that the impact of currencies and the weak performance of its sugar division will see an overall decline in annual profits.
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NewsAssociated British Foods stock climbs as revenues grow
Shares have increased almost 5% at Associated British Foods after the group said revenues were ahead of last year.
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NewsABF: Kingsmill loaves lost from Tesco have already been replaced
FD John Bason said the Allied Bakeries subsidiary had already replaced the lost business