Associated British Foods, the UK food giant, today (6 November) booked a set of robust annual results driven by diverse parts of its business, from sugar to clothing retail. However, bakery, a sector that is...
Shares in Associated British Foods dipped this morning (6 November) despite rising annual profits, as the UK group issued a note of caution on rising commodity costs.
The salmonella scandal that hit Cadbury Schweppes last year cost its flagship chocolate brand some GBP83m (US$169m) in lost sales, according to a survey listing the top 100 brands in the UK.
Associated British Foods has insisted that full-year profits will be in line with expectations with rising earnings from its sugar operations offsetting problems from its grocery business.
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