Profits slide at ABF as Primark owner warns on weak euro
Associated British Foods (ABF), the British sugar and ingredient company that also owns retailer Primark, reported a drop in its profits last week and warned that a weak euro could weigh on its adjusted earnings per share for the full year.
“This is a sound trading result with significant progress made in operating profit by Primark, agriculture and ingredients, and further improvement in grocery’s margin. As expected, profitability at AB Sugar was ...
