Keyword » Associated British Foods

ABF: Ingredients in growth but bread under pressure

Allied Bakeries has been hit by “significant margin decline” as a result of low prices and cost pressure, according to parent company Associated British Foods (ABF).

Weak sterling and high sugar prices drive 19% ABF revenue hike

Allied Bakeries owner Associated British Foods (ABF) has reported 19% year-on-year growth in revenue to £7.3bn in the first half of its financial year.

Allied Bakeries’ margins fall in competitive bread market

Intense competition in the UK bread market has taken its toll on margins at Kingsmill owner Allied Bakeries.

Profits up for ABF post referendum

Allied Bakeries owner Associated British Foods (ABF) has reported 5% year on year growth in group revenue to £13.4bn in the 53 weeks to September 17 2016.

Sterling boosts ABF but outlook mixed

Kingsmill-owner Associated British Foods (ABF) expects its bottom line to be boosted by a Brexit-weakened pound in the final quarter, it said in its trading update today. 

ABF’s Illovo acquisition confirmed

Kingsmill owner Associated British Foods (ABF) has confirmed that its proposal to move to full ownership of Illovo Sugar will go ahead. 

ABF: earnings per share will miss targets

Associated British Foods (ABF), parent company of bakery brand Kingsmill, has warned that earnings per share will be lower than expected for its half year results, due out in April. 

Marketing director to leave Allied Bakeries

Jon Wilson, marketing director at Kingsmill owner Allied Bakeries, is to leave the business, British Baker can reveal.

Kingsmill
Kingsmill has gained in sales but suffered from lower profitability
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Sales volumes up at Allied Bakeries, but market remains ‘challenging’

Associated British Foods (ABF) has revealed that Allied Bakeries saw increased sales volumes over the financial year, but overall profits across the group are expected to decline. 

Sugar
ABF's sugar arm weakened and profitability hit
  (Photo:  )

ABF recoups ‘lost volume’ for Kingsmill

Associated British Foods (ABF) has claimed that “lost volume” following Tesco’s de-listing of Kingsmill sliced last month has “been replaced elsewhere”. 

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