date:Sep 10, 2015
08 Sept 2015 --- Falling sugar prices have impacted profits at Associated British Foods, while the strong pound () has wiped 41m from the bottom line in its latest trading update. The groups clothing retail arm, namely Primark, has seen sales soar, which has saved the company, say some analysts.
Primark accounts for around half of ABFs profits and rising sales, with international store openings are keeping the retailer buoyant for now.
ABF reported that its grocery, ingredients and agriculture