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The Latest Breaking News from ABF

Veteran plans to become first triple amputee to complete London Marathon

Former corporal Andy Reid, who lost both legs and his right arm after stepping on an IED in Afghanistan, expects it will take him 12-13 hours.

Evening Standard

Why Primark is splitting from its parent company

IN FULL

The Independent UK

Primark to break free from parent company in bid to boost sales

Sales remain strong at the fashion chain but it has faces pressure from online rivals such as Shien and Temu

The Independent UK

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Primark to split from food business despite warning of Iran war impact

ABF, which owns Kingsmill, Twinings and Patak’s, to demerge fashion chain to maximise shareholder returns

The Guardian - UK

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

ABF poised to reveal result of Primark and food business demerger plan

Retail analysts say breaking up food and fashion group would make sense in challenging business environment

The Guardian - UK

Primark, Magnum, Castrol... who’s next? Why Britain’s top brands are being sold or split by their owners

A weak pound and a sluggish economy mean some of our top brands are up for grabs

The Independent UK

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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

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

Hovis takeover bid investigated by competition watchdog

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

The Independent UK

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.

Evening Standard

Sand play products now ‘high risk’ and need to be tested before coming into Australia, border force says

Suppliers would not have previously been obliged to test the products at any point in the supply chain, ABF confirmed

The Guardian - AU

Schools in Australia have closed over asbestos in play sand fears – here’s what you need to know

Tasmania and the ACT shut schools as recalls issued for products at large chainstores but consumer watchdog says risk to children is low

The Guardian - AU

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The Guardian - UK

Primark owner’s boss urges Reeves not to hit shoppers with budget tax rises

George Weston tells chancellor to ‘tax rich folks instead’ as ABF says it could split fashion chain from food arm

The Independent UK

Primark boss issues stark warning to Reeves over Budget

George Weston urged the chancellor not to give consumer confidence another ‘great whack’ in November

The Guardian - UK

Primark owner’s boss warns Reeves not to give consumer sentiment ‘another great whack’ in budget

George Weston, CEO at ABF, also said food price inflation had peaked and would now start to ease

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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The Independent UK

Two of the UK’s biggest bakeries to combine to make bread giant

The move follows a strategic review of the Allied Bakeries business

Evening Standard

Kingsmill owner ABF to buy Hovis to create bread giant

ABF told investors on Friday that the deal will ‘combine’ the production and distribution activities of Hovis and its Allied Bakeries business.

The Guardian - UK

Kingsmill owner to buy Hovis in £75m deal to create UK’s biggest bread brand

Jobs expected to go if competition watchdog approves takeover by Associated British Foods

AAP

Arrests over 'abhorrent' child-like sex doll imports

Several men have been arrested in a crackdown over "a disturbing rise" in imports of child-like sex dolls and could face up to 10 years in jail.

The Independent UK

Teenage vaping in Australia has ‘turned a corner’ after ban, study says

Australia health minister credits vape ban for reduced rates of consumption among children

AAP

Man refused bail over $555 million methamphetamine haul

Police say three men have been caught trying to import more than half a billion dollars worth of drugs into Australia by concealing them in rolls of fabric.

Evening Standard

Under-threat bioethanol plant says talks with Government a ‘positive signal’

The UK’s largest producer – Vivergo Fuels in Hull – has said it could shut in September ‘unless the Government acts’, following the UK-US trade deal.

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