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The Latest Breaking News from Associated British Foods

Shares fall as oil surge fuels inflation fears

Brent oil was quoted at 105.51 dollars a barrel.

Evening Standard

Primark investors hope summer price cuts lift sales as cost of living bites

Primark announced a round of price cuts in July that it said ‘reaffirms its place as the home of great value fashion’.

Evening Standard

Mid-caps shine but AB Foods holds back FTSE 100

Stocks ended mixed in London on Wednesday with US rate hike worries and a decline in Primark owner Associated British Foods hitting blue-chips.

Evening Standard

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US cooking oil market shrinking due to Ice pressures on Latino households, Mazola owner says

Economic squeeze and anti-immigration raids have hit Hispanic communities, prompting people to shop online and reuse oil

The Guardian - UK

ABF’s Hovis takeover deal given go-ahead by competition watchdog

The Competition and Markets Authority (CMA) said ABF could have pulled out of the UK bakery sector if the merger were not to take place.

Evening Standard

Global markets on edge as investors await outcome of US-Iran negotiations

European markets are trading mostly flat with Asian indices jumping higher and oil prices rising slightly as suspense builds around potential US-Iran negotiations and the end of the ceasefire in less than 48 hours.

Euronews

Primark owner ABF reveals plan to spin off high street fashion chain

Associated British Foods, which also owns grocery brands including Twinings and Hovis, said it expects to separate Primark by the end of 2027.

Evening Standard

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Primark names former Marks and Spencer chief as permanent CEO amid potential demerger

Owner Associated British Foods (ABF) is also considering a potential demerger of the popular retail chain

The Independent UK

Primark appoints new permanent boss as parent firm reviews spin-off

Eoin Tonge has been named permanent boss of Primark after predecessor Paul Marchant resigned over an allegation of inappropriate behaviour last year.

Evening Standard

The Primark machine suffers a continental splutter at a bad moment

Big fall in sales in rest of Europe means split from owner’s food businesses would be distraction best avoided for year or two

The Guardian - UK

FTSE 100 flat as AB Foods and Tesco disappoint

The FTSE 100 index closed down 3.52 points at 10,044.69.

Evening Standard

CMA begins full review of Kingsmill owner’s planned takeover of bread rival Hovis

Move by UK competition regulator comes as Associated British Foods, which owns Primark, issues profit warning

The Guardian - UK

Primark owner warns over profits after disappointing festive sales

The figures come amid a group-wide review at Associated British Foods that could see Primark spun off with a separate stock market listing.

Evening Standard

Primark warns of lower profits after Christmas sales failed to deliver

Primark’s disappointing Christmas comes after the departure of its long standing boss Paul Marchant in March

Evening Standard

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Evening Standard

Competition and Markets Authority to probe ABF’s deal to buy Hovis

In August, Associated British Foods (ABF) struck a deal to buy the 135-year-old business from US private equity owner Endless.

The Independent UK

Hovis takeover bid investigated by competition watchdog

The proposed deal would create a major player in the baking sector

Evening Standard

AB Foods considers spinning off Primark after annual profits fall

Associated British Foods announced a review of the structure of the group alongside its full-year financial results.

The Independent UK

Primark owner delivers warning to Rachel Reeves over ‘mistaken’ rate changes

Chancellor Rachel Reeves faces the daunting task of boosting Treasury revenues to address a potential £40 billion deficit in state finances

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Evening Standard

FTSE 100 closes lower as geopolitical issues worry investors

Nato fighter jets shot down Russian drones over Polish airspace for the first time.

Evening Standard

FTSE 100 Live 10 September: Shares setback for Primark owner, Vistry profits slump

The performance of retail chain Primark is in focus after owner Associated British Foods published an update today.

Evening Standard

High street giants to reveal sales as bosses warn over rising costs

Primark’s owner Associated British Foods and John Lewis Partnership are set to give investors an update on recent trading.

Evening Standard

High street giants to reveal sales as bosses warn over rising costs

Primark’s owner Associated British Foods and John Lewis Partnership are set to give investors an update on recent trading.

Evening Standard

Stocks dip amid Trump’s Fed move and French worry

The FTSE 100 index closed down 55.60 points, 0.6%, at 9,265.80.

The Guardian - UK

UK retail shares fall amid fears of squeeze in consumer spending

Parent groups of Primark and B&Q hit as analysts say jobs and inflation concerns could affect sales

The Guardian - UK

UK’s largest bioethanol plant to shut after blow from Starmer’s trade deal with Trump

Associated British Foods says 160 jobs will be lost at Vivergo site in Hull after ministers refuse to fund rescue

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