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14/01/ · Associated British Foods plc today issues a trading update for the 16 weeks to 2 January covering the group businesses and the significant trading developments in Primark since the AGM trading update on 4 December and the update of temporary Primark store closures on 31 December. 01/07/ · Trading update. Associated British Foods plc today issues a trading update for the 40 weeks to 19 June which summarises the significant trading developments since the . ABF trading update – January To read ABF’s latest trading update, please click here. If you’d like to know more about AB Sugar, visit our About Us page to watch a short video where you can find out who we are and why we are a supplier of choice, delivering quality products to . 01/07/ · 29 June British Sugar supports free and fair trade. Provided that Australian markets are open to homegrown British beet sugar, we.

As I browse the web researching various topics concerning the EU and UK sugar markets, I’ve been bookmarking interesting weblinks. Some of these are news clippings, some are links to official documents, and some are interesting data sources. ABF trading update ABF. This was driven primarily by higher average sugar prices for British Sugar, combined with record bioethanol prices in recent months, and higher sugar prices in Illovo. Operating profits are significantly ahead year-to-date.

Our expectation for the full year is unchanged, with operating profits well ahead. Any comments or opinions herein are not intended to be an offer to buy or sell commodities or futures and options thereon as they merely state our views and carry no guarantee as to their accuracy. We make no representation or warranty that the information contained herein is accurate, complete, fair or correct. All information, prices or projections are subject to change without notice.

This information is not intended to be construed as investment advice. We do not accept any liability or loss or damage arising from any inaccuracy or omission in or the use of or reliance on the information herein.

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Associated British Foods plc is a diversified group of companies which enjoy a high degree of autonomy. Explore our library of videos to find out more about Associated British Foods‘ businesses. Associated British Foods plc today issues a trading update for the 16 weeks to 2 January covering the group businesses and the significant trading developments in Primark since the AGM trading update on 4 December and the update of temporary Primark store closures on 31 December.

The following table sets out revenue on a segmental basis for the period with changes at constant currency to the prior year. Year to date. Last Year. Total Food. Following a strong performance in our last financial year, trading across Grocery, Sugar, Agriculture and Ingredients has been ahead of both expectation and last year in this period. The Retail performance was materially impacted by the increased restrictions on the movement of people and trading activity announced and put in place again by UK and European governments, principally during November and late December, to limit the spread of COVID We opened five new stores in this period with a very positive customer reaction.

This period has been characterised by the impact on our trading activities of the varying restrictions on the movement of people put in place by UK and European governments to limit the spread of COVID

abf trading update

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To read ABF’s pre-close trading update, please click here. To read ABF’s latest trading update, please click here. British Sugar supports free and fair trade. Provided that Australian markets are open to homegrown British beet sugar, we To read ABF’s interim results please click here. What we do Our future Our Managing Director Executive team Our history Gender pay gap report Section Statement.

How sugar is made Growing Processing Our co-products Our factories. Sugar products Our range of sugars Sugar functionality The properties of sugar Delivering more than sugar. Careers Apprentices Graduates Vacancies. Media centre Latest news Latest blogs Beet Review Press office contacts Archive News archive. Latest news All recent news from British Sugar. ABF pre-close trading update February Share:. WANT TO LEARN MORE

abf trading update

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The Financial Conduct Authority has removed the requirement for listed companies to publish interim management statements. This trading update summarises the significant trading developments since the last market update. Group revenue for the 40 weeks ended 20 June was two percent ahead of the same period last year at constant currency, and was level at actual exchange rates. During the current financial year, against a basket of currencies, the Euro has weakened significantly and the US Dollar and Sterling have both strengthened.

Movements in currency exchange rates in the current financial year have primarily affected the translation of overseas results into sterling, the full year impact of which is still expected to be in the order of 25 million GBP if current rates persist. Our earnings expectation for this financial year is unchanged and reflects a modest decline in adjusted earnings per share for the group for the full year.

The performance of our grocery businesses remains on track. Twinings Ovaltine has made further profit progress since the half year. The meat business at George Weston Foods in Australia has improved as expected with lower raw material cost, higher volumes and much lower factory production costs. The profit recovery in Ingredients is continuing and our Agriculture businesses have maintained the strong momentum of last year.

Quota stocks are now reducing across the EU and with lower production forecasts generally across the region, further reduction is expected next year. As quota sugar stocks reduce, EU sugar prices, as reported by the European Commission, have shown some signs of recovery, albeit moderated by continued low world sugar prices. Continued drought during the growing season in South Africa has led to a reduction in production forecasts and export markets continue to be very challenging.

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This means our website may not look and work as you would expect. Read more about browsers and how to update them here. Performance figures are based on the previous close price. Past performance is not an indication of future performance. This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All dividend data is calculated excluding any special dividends.

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Associated British Foods plc today issues a trading update for the 40 weeks to 19 June which summarises the significant trading developments since the last market update. The following table sets out revenues by business segment for the third quarter of our financial year and for the cumulative 40 weeks to 19 June and changes at constant currency 2 to comparable periods in the prior year.

The third quarter is the week period from 28 February to 19 June Sugar revenues in the quarter were significantly ahead, driven by strong volumes in Illovo and China and higher prices in Europe and Africa. This quarter, sales in the reopened stores were ahead of expectation in all markets, a number of new sales records were set and the like-for-like 1 performance was much improved on earlier periods during this pandemic reflecting an increase in both confidence and willingness to spend by our customers.

Data for the total UK clothing market, which includes online sales, for the seven-week period after reopening shows both volume and value share gains for Primark on a two-year basis. Group cash generation in the quarter was both ahead of expectation and much stronger than in prior years. This improvement was mostly delivered by recovery in Primark sales along with a reduction in the inventories which had built up during lockdown.

Assuming that no Primark stores are closed in the remainder of this financial year, we expect the excess inventory at the end of lockdown to have returned to more normal levels by the financial year end. For the full year, we now expect that the improved performance at Illovo will result in a higher adjusted operating profit at AB Sugar.

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19/06/ · Associated British Foods plc today issues a trading update for the 40 weeks to 19 June which summarises the significant trading developments since the . 17/01/ · Associated British Foods plc today issues a trading update for the 16 weeks to 5 January summarising the significant trading developments since the last market update. Trading outlook Our outlook for the group is unchanged, with adjusted operating profit and adjusted earnings per share for the year expected to be in line with last year.

Associated British Foods plc today issues a trading update for the 40 weeks to 19 June which summarises the significant trading developments since the last market update. The following table sets out revenues by business segment for the third quarter of our financial year and for the cumulative 40 weeks to 19 June and changes at constant currency 2 to comparable periods in the prior year.

The third quarter is the week period from 28 February to 19 June Sugar revenues in the quarter were significantly ahead, driven by strong volumes in Illovo and China and higher prices in Europe and Africa. This quarter, sales in the reopened stores were ahead of expectation in all markets, a number of new sales records were set and the like-for-like 1 performance was much improved on earlier periods during this pandemic reflecting an increase in both confidence and willingness to spend by our customers.

Data for the total UK clothing market, which includes online sales, for the seven-week period after reopening shows both volume and value share gains for Primark on a two-year basis. Group cash generation in the quarter was both ahead of expectation and much stronger than in prior years. This improvement was mostly delivered by recovery in Primark sales along with a reduction in the inventories which had built up during lockdown.

Assuming that no Primark stores are closed in the remainder of this financial year, we expect the excess inventory at the end of lockdown to have returned to more normal levels by the financial year end. For the full year, we now expect that the improved performance at Illovo will result in a higher adjusted operating profit at AB Sugar. Adjusted operating profit at Grocery is expected to be lower than last financial year primarily driven by lower margins at ACH.

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