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The Latest Breaking News from ABF

Britain’s biggest biofuel plant could close over impact of UK-US trade deal

ABF threatens to shut Vivergo site in Hull in September amid warnings bioethanol industry could collapse

The Guardian - UK

Tip-off leads to 250kg cocaine seizure

More than $80 million worth of cocaine has been found in a shipping container by Australian Border Force among five bags after officials received a tip-off.

AAP

Trade deal with US could spell end of UK’s bioethanol industry, say bosses

Hundreds of jobs may be at risk, say heads of ABF Sugar and Ensus, as Starmer agrees to remove tariffs on US ethanol

The Guardian - UK

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Crumbs! How Britain fell out of love with the sliced loaf

Packaged bread, once a household staple, is in ‘inexorable decline’ because of rising costs and competition from other options

The Guardian - UK

Baking a deal? Hovis and Kingsmill owners in talks about historic merger

Associated British Foods’ sale of Allied Bakeries would bring together two of the UK’s biggest breadmakers

The Guardian - UK

Consumer caution dampens Primark results as owner ABF reports profits hit

ABF group revenue was down 2% at $12.7 billion, and adjusted profit before tax was also down 10% from $1.2 billion the previous year to £818 million $1.09 billion.

Fortune

Around 150 jobs at risk as ABF warns bioethanol plant could close

The Vivergo fuels site in Saltend, near Hull, swung to a loss in recent months after it cut production levels in light of low bioethanol prices.

Evening Standard

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Primark owner’s shares drop as sales fall amid Trump tariff fears

Company says consumer confidence could deteriorate further as countries face risk of recession

The Guardian - UK

Primark says it is not raising prices despite tax and wage cost hikes

It came as parent firm Associated British Foods said it saw ‘weaker sales’ across the budget fashion chain’s UK and Ireland stores.

The Independent UK

U.S. citizen charged over illicit drugs found in lost luggage at Sydney airport

A U.S. national is facing life imprisonment after police allegedly found 17 kg of methamphetamine in her luggage upon arrival at Sydney Airport. Read more at Dynamite News.

Dynamite News

'Ridiculous' probe into science fan's plutonium import

Border Force has been slammed for its role in the prosecution of a collector who shipped a 'harmless' amount of radioactive material to his parents' unit.

AAP

Honda Rocked by Scandal: EVP Quits Over 'Inappropriate Behaviour' as CEO Punished With 20% Pay Cut

Honda's executive vice president has resigned over 'inappropriate behaviour' at a social event, prompting the CEO to take a 20% pay cut in response to the scandal.

International Business Times UK

Japanese firm behind ubiquitous MSG is ramping up production of key material in semiconductor packaging

Ajinomoto, the Japanese firm behind MSG, is ramping up production of ABF, a key material used in semiconductor packaging.

TechRadar

Primark: Who is ex-boss Paul Marchant, and what has he done?

Paul Marchant has resigned as the boss of high street fashion giant Primark following an allegation from a woman.

Evening Standard

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International Business Times

Primark Boss Resigns After Inappropriate Behaviour Allegation

Primark chief executive Paul Marchant has resigned following a company investigation into his behaviour toward a woman "in a social environment", the budget fashion chain's owner Associated British Foods (ABF) announced Monday.

Evening Standard

Who is Paul Marchant? Primark boss steps down after allegations of inappropriate behaviour

Under his leadership, Primark launched the Supporting Women for Life initiative

Euronews

Primark boss steps down over inappropriate behaviour allegation

Paul Marchant “acknowledged his error of judgement”, said Primark owner Associated British Foods on Monday.

The Independent UK

Primark CEO resigns over behaviour towards woman

Primark boss Paul Marchant quits over ‘behaviour towards woman’

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news in one place.

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The Independent UK

Primark boss Paul Marchant quits over ‘behaviour towards woman’

Marchant had led the fast fashion chain since 2009

Evening Standard

Primark boss Paul Marchant resigns over inappropriate behaviour

The retailer’s parent firm Associated British Foods said the chief executive admitted to an ‘error of judgment’.

The Guardian - UK

Primark boss admits ‘error of judgment’ and resigns after woman’s allegation

Paul Marchant accepts behaviour fell below standards expected at owner Associated British Foods

Evening Standard

Retail world stunned as Primark boss quits over inappropriate behaviour

Paul Marchant’s dramatic resignation follows independent investigation by external lawyers into “incident” involving female colleague

AAP

'Naive' science fan faces jail for plutonium import

A fast-food worker and collector is set to learn his fate after shipping nuclear material to his parent's suburban unit, sparking a major hazmat incident.

The Guardian - UK

Primark sales in first post-lockdowns fall as shoppers face ‘economic worries’

Owner ABF says lower income consumers have cut back on spending amid ‘uncertainty and actual unemployment’

Evening Standard

Primark UK sales hit by sharp slow down in consumer spending

Trading in October and November particularly weak as consumers took fright around the time of the Budget

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