Associated British Foods publishes 2026 annual report
Bitget2026/11/05 08:45- Associated British Foods’ 2026 annual report confirms its decision to demerge Primark from its Food business.
- Primark’s expansion lifted sales, but weaker like-for-like trading, higher markdowns and increased investment reduced profitability.
- Grocery completed its Hovis acquisition in July, with integration underway to restore sustainable profitability in UK bakeries.
- Sugar losses widened amid lower prices and elevated energy costs; restructuring includes closing British Sugar’s Cantley factory.
- Further share buybacks were paused to preserve strong balance sheets for the standalone businesses; the dividend was maintained.
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