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Associated British Foods Anticipating Good Year, Except In Sugar

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Associated British Foods, the owner of the Primark retail chain and Twinings Tea, has said that it is anticipating ‘good profit growth’ in its Grocery, Agriculture and Ingredients divisions, however its sugar business is likely to find the going tougher.

The firm today issued a trading update for the 40 weeks to 23 June 2018, in which it said that the revenue momentum of the first half continued in the third quarter.

Group revenue for the period was 3% up on the same period last year at constant currency and 2% ahead at actual exchange rates.

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