AB Foods shares fall about 10% after sugar and grocery outlook caution
Associated British Foods cautioned on the outlook for its sugar and grocery units. Shares in AB Foods fell around 10% in early morning trading Thursday ahead of the planned split of its food operations and fashion arm Primark.
Associated British Foods shares fell around 10% in early Thursday trading after the conglomerate cautioned on the outlook for its sugar and grocery businesses. The warning came ahead of the planned separation of its food operations and its fashion arm Primark. The stock had been up on the year before the move.