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The Latest Breaking News from Associated British Foods

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

The Independent UK

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

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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.

Evening Standard

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

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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

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

The Guardian - UK

FTSE 100 thrives but tariff threat hurts Europe

US President Donald Trump on Saturday said major trading partners Mexico and the EU would face a 30% tariff starting next month.

Evening Standard

Britain’s biggest biofuel plant could close over impact of UK-US trade deal

ABF threatens to shut Vivergo site in Hull in September amid warnings bioethanol industry could collapse

The Guardian - UK

Baking a deal? Hovis and Kingsmill owners in talks about historic merger

Associated British Foods’ sale of Allied Bakeries would bring together two of the UK’s biggest breadmakers

The Guardian - UK

Kingsmill owner confirms talks with Hovis parent company over bread takeover

Associated British Foods said its Allied Bakeries business ‘continues to face a very challenging market’ and that it is in talks with Hovis’s owner.

Evening Standard

Hovis and Kingsmill owners in takeover talks about historic merger

A deal between the bread-making titans could potentially draw the attention of competition regulators

The Independent UK

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Fortune

Consumer caution dampens Primark results as owner ABF reports profits hit

ABF group revenue was down 2% at $12.7 billion, and adjusted profit before tax was also down 10% from $1.2 billion the previous year to £818 million $1.09 billion.

Evening Standard

Around 150 jobs at risk as ABF warns bioethanol plant could close

The Vivergo fuels site in Saltend, near Hull, swung to a loss in recent months after it cut production levels in light of low bioethanol prices.

The Independent UK

Primark says it is not raising prices despite tax and wage cost hikes

It came as parent firm Associated British Foods said it saw ‘weaker sales’ across the budget fashion chain’s UK and Ireland stores.

International Business Times

Primark Boss Resigns After Inappropriate Behaviour Allegation

Primark chief executive Paul Marchant has resigned following a company investigation into his behaviour toward a woman "in a social environment", the budget fashion chain's owner Associated British Foods (ABF) announced Monday.

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Evening Standard

Who is Paul Marchant? Primark boss steps down after allegations of inappropriate behaviour

Under his leadership, Primark launched the Supporting Women for Life initiative

Euronews

Primark boss steps down over inappropriate behaviour allegation

Paul Marchant “acknowledged his error of judgement”, said Primark owner Associated British Foods on Monday.

Evening Standard

Primark boss Paul Marchant resigns over inappropriate behaviour

The retailer’s parent firm Associated British Foods said the chief executive admitted to an ‘error of judgment’.

The Independent UK

Primark boss Paul Marchant quits over ‘behaviour towards woman’

Marchant had led the fast fashion chain since 2009

The Guardian - UK

Primark boss admits ‘error of judgment’ and resigns after woman’s allegation

Paul Marchant accepts behaviour fell below standards expected at owner Associated British Foods

Evening Standard

Primark owner to shed light on high street Christmas trading

Associated British Foods (ABF) will also reveal whether the consumer group has been affected by recent weakness in sugar prices.

Evening Standard

BT reveals prices will be reviewed under efforts to offset £100m Budget blow

The group joins the likes of Sainsbury’s, Marks & Spencer and Primark owner Associated British Foods in revealing soaring costs from Budget measures.

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