City 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.