Primark stars but sugar not so sweet for ABF
Monday 09 September 2013
Primark is outperforming its peers but sugar looks a bit sticky, Associated British Foods said today.
Sales at Primark rose 22 per cent in the financial year that ends on Saturday, with sales at stores open for at least a year up 5 per cent.
ABF’s Kingsmill bread has now overtaken Hovis as the UK’s second-biggest selling bread brand behind the privately owned Warburtons. Twinings, Ovaltine, Patak’s and Blue Dragon all had a good year.
But the sugar business, which had a phenomenal 2012, is looking at a tougher 2014. Finance director John Bason said: “Sugar prices have fallen earlier and by more than we had expected as more supply comes on to the market. Negotiations with our European customers are proving challenging.”
- 1 Rules on 5p plastic bags likely to lead to arguments at the check-out
- 2 Hulk Hogan wants to be Donald Trump's running mate in the US Presidential election
- 3 Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
- 4 News agency criticised for describing Amal Clooney as 'actor's wife' in coverage of human rights trial
- 5 David De Gea to Real Madrid: Real finally get their man with £29m bid for Manchester United goalkeeper
Rules on 5p plastic bags likely to lead to arguments at the check-out
Watch the Supermoon live: How to see the brightest Moon of the year tonight
Hulk Hogan wants to be Donald Trump's running mate in the US Presidential election
Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
Turkey duped the US, and Isis reaps rewards
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...