The European Commission has extended its competition review of the
planned acquisition by Associated British Foods (ABF) of some parts
of GB Ingredients' business by one month.
Associated British Foods (ABF) will renounce permanently 165,000
tonnes of UK sugar production following the changes made to the
European sugar reform.
Associated British Foods (ABF) yesterday blamed a drop in operating
profits of 21 per cent to £413m (€612.9m) before on higher energy
costs and instability arising from EU sugar reforms.
Associated British Foods (ABF) yesterday blamed a 21 per cent drop
in operating profit on European sugar industry reform and
significantly higher energy costs.
UK food and ingredients firm Associated British Foods has beaten
full year profit expectations after posting double-digit growth
against a backdrop of firmer commodity pricing and adverse currency
movements. The performance underlines...
Despite tougher trading conditions UK food and food ingredients
business Associated British Foods (AB Foods) reported on Tuesday
that operating profit had risen 14 per cent for the first 24 weeks
ended 1 March 2003 to £204 million....
