The owner of Primark warns that profits will fall and its shares are collapsing
Associated British Foods has warned that its profits will be worse than expected due to a significant slowdown in sales at Primark and a slowdown in its food business, leading to an 11% drop in its shares on the London Stock Exchange.
UK competition watchdog to investigate Kingsmill owner’s planned takeover of Hovis
The UK competition authority is investigating a £75 million takeover of Hovis by Associated British Foods, the owner of Kingsmill, due to concerns regarding market competition.