date:Feb 25, 2014
Associated British Foods (ABF), the UK food producer that owns Primark budget clothing stores, today warned that the company's revenue and profit from sugar will be substantially lower year-on-year.
The Twinings and Kingsmill owner said that grocery sales growth will be flat in the first six months of their financial year.
However, a strong performance by Primark looks set to offset any ill effects from weak sugar prices.
Adjusted operating profit for the first half is expected to be in line