Associated British Foods
Associated British Foods is an international food processing and retail company. Founded by W. Garfield Weston in 1935, Associated British Foods is a public company, listed on the London Stock Exchange as ABF. The head office for Associated British Foods is located in London, England.
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Associated British Foods this week announced the launch of a high-protein bread from its Australasian arm George Weston Foods. The company looks to be weighing up options to increase sales in the highly pressured bakery sector. Is its move into the better-for-you category in New Zealand one that will pay off? Hannah Abdulla explores.
Brazil-based JBS is already the world's largest meat supplier but it has its sights on growing further in value-added products and in Asia - and has turned to a business in Australia to help it achieve that goal.
In the UK branded bakery space, Associated British Foods-owned Kingsmill has youth appeal. The brand, which is operated by ABF's bakery unit Allied Bakeries, over-indexes with consumers under the age of 35. As long as Kingsmill can maintain its relevance, this bodes well for its long-term health, Katy Askew suggests.
Last week, medical professionals, industry representatives, policy advisors and others gathered in London to discuss the health impacts of sugar consumption and what government and food companies can do to mitigate them. Ben Cooper was there.
Much of the investor commentary around Associated British Foods can focus on Primark, with the UK-based clothing retailer the largest of the conglomerate's divisions by sales and its most profitable when looking at operating margin. That largely rang true yesterday when ABF reported its annual results but Dean Best caught up with John Bason, the Kingsmill maker's finance director, to discuss how the company's grocery operations had performed, its recent disposal of assets in the US and the impact Brexit could have on the grocery chunk of the business.
Concern over the outlook for Associated British Foods' sugar business has weighed on the company's share price in spite of a jump in full-year earnings. While the outlook for sugar remains challenging, ABF expects an upswing at its grocery and Primark businesses to continue to propel profits in the coming year, FD John Bason tells just-food.
Weetabix has confirmed that it will push ahead with a GBP30m (US$37.6m) investment to increase production as Nestle, General Mills, Post Holdings, Associated British Foods and Barilla reportedly line up to submit bids for the business.
Associated British Foods said today (12 January) its grocery brands made "further margin progress" in the UK group's first quarter.
US bakery group Flowers Foods is to sell its Iowa-based bread and sweet goods mix manufacturer Specialty Blending to Associated British Foods, which is adding the business to its AB Mauri division.
Associated British Foods is setting up a new bakery in the UK on the site of its former British Sugar plant in Lincolnshire.
Associated British Foods recorded higher annual sales and margins at its grocery business, with management suggesting further improvements are anticipated during the coming year.
Allied Bakeries, the UK arm of Associated British Foods, has launched a line it hopes will encourage consumers back to bakery products at breakfast time.
B&G Foods has entered into an agreement to buy the spices and seasonings business of ACH Food Companies, a US arm of Associated British Foods.
Associated British Foods has taken its Jordans cereal brand into France's cereal bar market.
Thirty additional companies, including Burton's Biscuit Co. and Dairy Crest, have joined the Courtauld Commitment 2025 in a bid to reduce the resource intensity of the UK's food sector.
B&G Foods is reportedly in negotiations with Associated British Foods over the potential acquisition of US cooking oil business ACH Food Companies.
Associated British Foods has said that its operating performance in the second half of the year was ahead of expectations with margin expansion at its grocery business
Allied Bakeries, the bakery unit of Associated British Foods, has said it is closing its Chester Road distribution centre in Saltney Ferry, Chester.
Associated British Foods said this morning (7 July) that its grocery business made "some improvement" in the first nine months of the year.
UK voters have spoken: Britain will leave the European Union. With the vote tally now reporting 51.9% of people back leaving commentators are turning to the future with uncertainty. What will Brexit mean for the food sector?
Associated British Foods is reportedly looking to sell its China-based sugar business for US$1bn.
Associated British Foods has taken its Indian spice brand, Patak's, into the frozen ready meal market.
First-half profits from Associated British Foods' grocery business have risen on the back of market share growth in its UK bakery business and cost efficiencies in other parts of the unit, despite a fall in sales.
Associated British Foods has reached an agreement to take full ownership of South African sugar business Illovo Sugar.
Food manufacturers and retailers operating in the UK - including Nestle, Unilever, Tesco and Asda - have signed up to cut food and drink waste in the country by a fifth in ten years.
Associated British Foods said today (22 February) it expects a dip in first-half sales from its grocery business but said it seen "progress" on margins.
Associated British Foods has tabled an offer to acquire the shares in South Africa's Illovo Sugar it does not already hold.
Associated British Foods has insisted the performance of its grocery arm is improving, despite continued challenges in its bakery segment.
In the sustainability arena, objective endorsement by a third party, particularly an NGO with credibility levels among consumers that even Unilever can only dream of, is an extremely valuable commodity.
UK bread manufacturer Hovis, embarking on life under the majority control of US private-equity firm Gores Group, has named former Unilever, PepsiCo and Burger King executive Nish Kankiwala its new chairman.
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