Stocktake Business /
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.
Iglo Group, the frozen food company behind the Birds Eye brand, has been sold by Permira Funds to Nomad Holdings, a publicly-listed acquisition company in a €2.6 billion deal.
Burger chain McDonald’s has reported a 33 per cent dip in net income for the first quarter of this year. The company signalled its intent to unveil a turnaround plan shortly.