date:Apr 09, 2014
ebruary. By contrast, Associated British Foods reiterated its full year guidance in February, and has outperformed the market so far this year.
The latest profit warning in the sector has fuelled concerns that ABF may have to also cut guidance, traders say, despite continued strength in its clothes retailing arm Primark.
(ABF) could take a whack from their sugar division, which is about a quarter of its business. Primark is still going relatively well... but it's read-across from Suedzucker, M